Palm Desert, North Carolina Property Taxes
The median property tax rate in Palm Desert, 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 Palm Desert at $1,099,300, the typical annual property tax bill reaches $4,397, surpassing the national median of $2,690. Property taxes in Palm Desert 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 Palm Desert'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 Palm Desert 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
Palm Desert, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$4,397
$4,080
Ownwell’s Palm Desert Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Palm Desert with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Palm Desert 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 Palm Desert, North Carolina
Property taxes in Palm Desert, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Palm Desert is 0.40%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Palm Desert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Palm Desert 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 Palm Desert's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 92211 zip code has the highest median property tax rate of 0.40%, while the 92211 zip code also has the lowest median tax rate of 0.40%. Understanding how these cities compare with Palm Desert 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 Palm Desert 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 Palm Desert, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92211 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Palm Desert, North Carolina
In Palm Desert, 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 Palm Desert, 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 Palm Desert is $1,099,300, with the median tax bill being $4,397. Notably, both the highest and lowest median tax bills are recorded in the 92211 zip code, each amounting to $4,397. 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 Palm Desert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Palm Desert, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Palm Desert Assessed Value
$1,099,300
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 Palm Desert, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92211 | $1,099,300 | $1,099,300 | $1,099,300 | $1,099,300 | $1,099,300 |
Source: Ownwell
Property Tax Bills Across Palm Desert, North Carolina
In Palm Desert, Avery County, NC, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, the median home price in Palm Desert is $1,099,300. With a property tax bill of $4,397, homeowners in this area are subject to a relatively moderate tax rate compared to the national median property tax rate of 0.99%. Several factors influence the assessed value, including the property's market value, location, and any improvements or additions made to the property. This assessed value can significantly impact homeowners, as a higher assessed value results in a higher tax bill. For homeowners in Palm Desert, understanding these factors is crucial for financial planning and potentially appealing the assessed value if it seems inaccurately high. The uniformity in tax bills suggests a stable and predictable tax environment, which can be advantageous for long-term homeowners.
Average Palm Desert Tax Bill
$4,397
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Palm Desert, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 92211 | $4,397 | $4,397 | $4,397 | $4,397 | $4,397 |
Source: Ownwell