Fort Myers, North Carolina Property Taxes
The median property tax rate in Fort Myers, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Fort Myers at $140,000, the typical annual property tax bill is $560, which is well below the national median of $2,690. Property taxes in Fort Myers are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fort Myers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fort Myers 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
Fort Myers, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$560
$520
Ownwell’s FORT MYERS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORT MYERS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORT MYERS 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 Fort Myers, North Carolina
Property taxes in Fort Myers, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Myers is 0.87%, which is higher than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Fort Myers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Myers 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 Fort Myers' effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28202 zip code has the highest median property tax rate of 1.12%, while the 27514 zip code has the lowest median tax rate of 0.55%. Understanding how these cities compare with Fort Myers 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 Fort Myers 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 Fort Myers, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33908 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33967 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Fort Myers, North Carolina
In Fort Myers, 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 Fort Myers, 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. 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 Fort Myers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $600 in the 33967 zip code, while the lowest is $520 in the 33908 zip code.
Property Tax Assessment Values Across Fort Myers, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Fort Myers Assessed Value
$140,000
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 Fort Myers, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33908 | $130,000 | $130,000 | $130,000 | $130,000 | $130,000 |
| 33967 | $150,000 | $150,000 | $150,000 | $150,000 | $150,000 |
Source: Ownwell
Property Tax Bills Across Fort Myers, North Carolina
Property tax bills in Fort Myers, Avery County, NC, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property’s market value, which is periodically evaluated by local authorities. For homeowners in Fort Myers, the median home price stands at $140,000. Factors that influence property tax bills include the property's location, size, and any improvements made. For instance, in the zip code 33967, the highest median tax bill is $600, while the lowest median tax bill in zip code 33908 is $520. Homeowners in Fort Myers can expect tax bills to range between $540 at the 25th percentile and $592 at the 90th percentile. Compared to the national median property tax rate of 0.99%, Fort Myers's property tax bills reflect a relatively stable and predictable expense for homeowners. These taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Fort Myers Tax Bill
$560
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Myers, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33908 | $520 | $520 | $520 | $520 | $520 |
| 33967 | $600 | $600 | $600 | $600 | $600 |
Source: Ownwell