Pompano Beach, North Carolina Property Taxes
The median property tax rate in Pompano 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 Pompano Beach at $342,100, the typical annual property tax bill amounts to $1,932, which is below the national median of $2,690. Property taxes in Pompano Beach are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pompano Beach'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 Pompano Beach 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
Pompano Beach, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,368
Ownwell’s Pompano Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pompano Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pompano 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 Pompano Beach, North Carolina
Property taxes in Pompano Beach, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pompano Beach is 0.40%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Pompano Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pompano 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 Pompano Beach's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 33076 zip code has the highest median property tax rate of 0.40%, while the 33067 zip code has the lowest median tax rate of 0.40%. Understanding how these areas compare with Pompano 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 Pompano 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 Pompano Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33062 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33067 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33069 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 33076 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Pompano Beach, North Carolina
In Pompano 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 Pompano 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. The median home price here is $342,100, with the 25th percentile tax bill at $1,368 and the 75th percentile at $4,288. The highest median tax bill is $5,585 in zip code 33069, while the lowest median tax bill is $1,216 in zip code 33067. By understanding 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 Pompano Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pompano Beach, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Pompano Beach Assessed Value
$342,100
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 Pompano Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33062 | $1,072,000 | $1,072,000 | $1,072,000 | $1,072,000 | $1,072,000 |
| 33067 | $160,790 | $214,475 | $303,950 | $393,425 | $447,110 |
| 33069 | $1,396,200 | $1,396,200 | $1,396,200 | $1,396,200 | $1,396,200 |
| 33076 | $147,720 | $165,450 | $195,000 | $268,550 | $312,680 |
Source: Ownwell
Property Tax Bills Across Pompano Beach, North Carolina
In Pompano Beach, Avery County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Pompano Beach, the tax bills can vary significantly. For example, the tax bill at the 25th percentile is $1,368, while at the 75th percentile, it rises to $4,288. At the 90th percentile, homeowners might see tax bills as high as $5,066. Several factors influence these variations, including the home's assessed value and any applicable exemptions. Comparatively, the highest median tax bill in the area is $5,585 in the 33069 zip code, while the lowest is $1,216 in the 33067 zip code. These property taxes are crucial for funding local services, but they also impact homeowners' finances, making it essential to understand how these bills are calculated and what factors contribute to their overall cost.
Average Pompano Beach Tax Bill
$1,932
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pompano Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33062 | $4,288 | $4,288 | $4,288 | $4,288 | $4,288 |
| 33067 | $643 | $858 | $1,216 | $1,574 | $1,788 |
| 33069 | $5,585 | $5,585 | $5,585 | $5,585 | $5,585 |
| 33076 | $1,368 | $1,368 | $1,368 | $1,368 | $1,368 |
Source: Ownwell