Sunset Beach, North Carolina Property Taxes
The median property tax rate in Sunset Beach, NC is 0.47%, 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 Sunset Beach at $380,130, the typical annual property tax bill reaches $1,719, significantly below the national median of $2,690. Property taxes in Sunset Beach 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 Sunset Beach'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 Sunset Beach or another part of Brunswick County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sunset Beach, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$1,787
Ownwell’s Sunset Beach Property Tax Bill Calculator assists homeowners, real estate investors, and prospective buyers in estimating their annual property taxes in Sunset Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sunset Beach 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 Sunset Beach, North Carolina
Property taxes in Sunset Beach, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sunset Beach is 0.47%, which is significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Sunset Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sunset Beach 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 Sunset Beach's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28468 zip code has both the highest and lowest median property tax rate of 0.47%, reflecting a uniform tax landscape within Brunswick County. Understanding how these cities compare with Sunset Beach provides valuable insights into the varying tax landscape across Brunswick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sunset Beach Tax Rate
0.47%
Average Brunswick County Tax Rate
0.43%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sunset Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28468 | 0.37% | 0.42% | 0.47% | 0.52% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Sunset Beach, North Carolina
In Sunset Beach, 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 Brunswick 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 Sunset Beach, 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. The median home price in Sunset Beach is $380,130, with the 25th percentile tax bill at $1,076 and the 75th percentile tax bill at $2,602. Notably, the highest and lowest median tax bills are both $1,719, found in the 28468 zip code. 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 Sunset Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Sunset Beach, North Carolina
Source: Ownwell
$90,960
$529,140
$967,320
Average Sunset Beach Assessed Value
$380,130
Average Brunswick County Assessed Value
$338,175
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sunset Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28468 | $157,640 | $243,700 | $380,130 | $574,500 | $766,505 |
Source: Ownwell
Property Tax Bills Across Sunset Beach, North Carolina
In Sunset Beach, located in Brunswick County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Sunset Beach is $380,130, which serves as a significant factor in determining the tax bill. Homeowners in this area can expect their property taxes to vary widely. For instance, the 25th percentile tax bill is $1,076, while the 75th percentile reaches $2,602, and the 90th percentile can be as high as $3,815. These figures illustrate the range of property tax obligations depending on the specific assessed value of a property. The local tax rate is applied to the assessed value to determine the final tax bill. Compared to the national median property tax rate of 0.99%, the property tax rate in Sunset Beach reflects the local economic conditions and municipal budget requirements. Homeowners should be aware of these factors as they directly impact their annual tax obligations, influencing both their financial planning and overall cost of homeownership.
Average Sunset Beach Tax Bill
$1,719
Average Brunswick County Tax Bill
$1,377
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Sunset Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28468 | $626 | $1,076 | $1,719 | $2,602 | $3,815 |
Source: Ownwell