Bradenton, North Carolina Property Taxes
The median property tax rate in Bradenton, NC is 0.41%, 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 Bradenton, the typical annual property tax bill reaches $3,196, surpassing the national median of $2,690. Property taxes in Bradenton 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 Bradenton'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 Bradenton 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
Bradenton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$3,225
$2,993
Ownwell’s Bradenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bradenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bradenton 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 Bradenton, North Carolina
Property taxes in Bradenton, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bradenton is 0.41%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Bradenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bradenton 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 Bradenton's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 34212 has the highest median property tax rate of 0.43%, while the same zip code also has the lowest median tax rate of 0.43%. Understanding how these areas compare with Bradenton 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 Bradenton Tax Rate
0.41%
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 Bradenton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34208 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 34212 | 0.43% | 0.43% | 0.43% | 0.43% | 0.43% |
Source: Ownwell
Property Tax Assessment Values Across Bradenton, North Carolina
In Bradenton, 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 Bradenton, 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, the highest median tax bill is $4,802 in the 34208 zip code, while the lowest median tax bill is $1,590 in the 34212 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 Bradenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bradenton, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Bradenton Assessed Value
$786,650
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 Bradenton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34208 | $1,200,400 | $1,200,400 | $1,200,400 | $1,200,400 | $1,200,400 |
| 34212 | $372,900 | $372,900 | $372,900 | $372,900 | $372,900 |
Source: Ownwell
Property Tax Bills Across Bradenton, North Carolina
In Bradenton, Avery County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Bradenton face a property tax rate that is influenced by the county's budget needs and local services. For instance, the median home price in Bradenton is $786,650, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $2,393, while those in the 75th percentile see bills closer to $3,999. At the high end, the 90th percentile tax bill reaches approximately $4,480. The highest median tax bill in the area is $4,802, found in zip code 34208, whereas the lowest is $1,590 in zip code 34212. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for Bradenton residents. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Bradenton Tax Bill
$3,196
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Bradenton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34208 | $4,802 | $4,802 | $4,802 | $4,802 | $4,802 |
| 34212 | $1,590 | $1,590 | $1,590 | $1,590 | $1,590 |
Source: Ownwell