Jupiter, North Carolina Property Taxes
The median property tax rate in Jupiter, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $135,000 in Jupiter, the typical annual property tax bill is $414, which is well below the national median of $2,690. Property taxes in Jupiter 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 Jupiter'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 Jupiter 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
Jupiter, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$540
Ownwell’s Jupiter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jupiter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jupiter 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 Jupiter, North Carolina
Property taxes in Jupiter, North Carolina, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jupiter is 0.65%, which is higher than the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Jupiter set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jupiter 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 Jupiter's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28712 zip code has the highest median property tax rate of 0.75%, while the 28719 zip code has the lowest median tax rate of 0.55%. Understanding how these cities compare with Jupiter 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 Jupiter 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 Jupiter, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33458 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33469 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33478 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Jupiter, North Carolina
In Jupiter, 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 Jupiter, 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 median home price in Jupiter is $135,000, with property tax bills ranging from $212 at the 25th percentile to $739 at the 90th percentile. The highest median tax bill in the area is $820 in the 33469 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 Jupiter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Jupiter, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Jupiter Assessed Value
$135,000
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 Jupiter, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33458 | $2,200 | $2,200 | $2,200 | $2,200 | $2,200 |
| 33469 | $205,000 | $205,000 | $205,000 | $205,000 | $205,000 |
| 33478 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Jupiter, North Carolina
In Jupiter, Avery County, NC, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Homeowners in Jupiter can expect their tax bills to vary significantly depending on their property's assessed value. For instance, the median home price in Jupiter is $135,000. Property tax bills can range from the 25th percentile at $212 to the 75th percentile at $617, with the 90th percentile reaching up to $739. These figures illustrate the variability in tax obligations, influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Jupiter's property tax rates may seem more manageable, providing some relief to homeowners. However, understanding how these taxes are calculated and what factors are considered can help homeowners better anticipate their annual financial responsibilities.
Average Jupiter Tax Bill
$414
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Jupiter, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33458 | $9 | $9 | $9 | $9 | $9 |
| 33469 | $820 | $820 | $820 | $820 | $820 |
| 33478 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell