Miami Beach, North Carolina Property Taxes
The median property tax rate in Miami Beach, 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 Miami Beach at $107,000, the typical annual property tax bill comes to $428, well below the national median of $2,690. Property taxes in Miami Beach are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Miami Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Miami Beach or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Miami Beach, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$428
Ownwell’s Miami Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Miami Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Miami 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 Miami Beach, North Carolina
Property taxes in Miami Beach, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Miami Beach is 0.40%, lower than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Miami Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Miami 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 Miami Beach's effective property tax rate to other counties in North Carolina and the national median. For comparison, the highest median property tax rate in North Carolina is 1.05%, while the lowest median tax rate is 0.30%. Understanding how these cities compare with Miami Beach 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 Miami Beach 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 Miami Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33139 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33141 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Miami Beach, North Carolina
In Miami 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 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 Miami 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. 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 Miami Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Miami Beach is $107,000, with tax bills ranging from $222 at the 25th percentile to $758 at the 90th percentile. The zip code with the highest median tax bill is 33139, at $840.
Property Tax Assessment Values Across Miami Beach, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Miami Beach Assessed Value
$107,000
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 Miami Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33139 | $210,001 | $210,001 | $210,001 | $210,001 | $210,001 |
| 33141 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
Source: Ownwell
Property Tax Bills Across Miami Beach, North Carolina
In Miami Beach, Avery County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, if a home is assessed at the median home price of $107,000, the tax bill will be influenced by various factors including property size, location, and any applicable exemptions. Homeowners in Miami Beach can expect their tax bills to range significantly. The 25th percentile tax bill is around $222, while the 75th percentile tax bill reaches $634. At the 90th percentile, the tax bill can go up to $758. These figures show a wide disparity, reflecting differences in property values and specific local tax rates. Compared to the national median property tax rate of 0.99%, Miami Beach's property tax rates can be considered moderate. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Miami Beach Tax Bill
$428
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Miami Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33139 | $840 | $840 | $840 | $840 | $840 |
| 33141 | $16 | $16 | $16 | $16 | $16 |
Source: Ownwell