Port Orange, North Carolina Property Taxes
The median property tax rate in Port Orange, NC is 0.40%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Port Orange, the typical annual property tax bill reaches $63, significantly below the national median of $2,690. Property taxes in Port Orange are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Port Orange's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Port Orange or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Port Orange, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$63
Ownwell’s Port Orange Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Port Orange with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Port Orange to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Port Orange, North Carolina
Property taxes in Port Orange, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port Orange is 0.40%, which is significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Port Orange set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Orange estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Port Orange's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 32127 has both the highest and lowest median property tax rate of 0.40%. Understanding how these cities compare with Port Orange provides valuable insights into the varying tax landscape across Avery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port Orange Tax Rate
0.40%
Average Avery County Tax Rate
0.40%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port Orange, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32127 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Port Orange, North Carolina
In Port Orange, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Avery County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Port Orange, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For instance, homeowners in the 25th, 75th, and 90th percentiles can expect tax bills of $63. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Port Orange helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Port Orange, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Port Orange Assessed Value
$15,700
Average Avery County Assessed Value
$135,500
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port Orange, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32127 | $15,700 | $15,700 | $15,700 | $15,700 | $15,700 |
Source: Ownwell
Property Tax Bills Across Port Orange, North Carolina
In Port Orange, Avery County, NC, property tax bills are calculated based on the assessed value of the property. This assessed value is determined by the county assessor's office, which evaluates the property's market value and applies an assessment ratio. The tax rate, set by local government authorities, is then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any improvements made to the property. Homeowners in Port Orange can expect their tax bills to fall within a narrow range, as indicated by the 25th, 75th, and 90th percentiles all being $63. This suggests a stable and predictable tax environment for residents. Comparatively, the national median property tax rate is 0.99%, making Port Orange's tax structure relatively straightforward and manageable for homeowners. Understanding these components helps homeowners anticipate their financial obligations and plan accordingly.
Average Port Orange Tax Bill
$63
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Orange, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32127 | $63 | $63 | $63 | $63 | $63 |
Source: Ownwell