Ponte Vedra Beach, North Carolina Property Taxes
The median property tax rate in Ponte Vedra 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 Ponte Vedra Beach at $240,800, the typical annual property tax bill amounts to $963, well below the national median of $2,690. Property taxes in Ponte Vedra Beach are based on the tax assessed value, which is often reduced through various exemptions such as the primary residence and agricultural exemptions. Understanding Ponte Vedra 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 Ponte Vedra 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
Ponte Vedra Beach, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$963
$894
Ownwell’s Ponte Vedra Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ponte Vedra Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ponte Vedra 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 Ponte Vedra Beach, North Carolina
Property taxes in Ponte Vedra 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 Ponte Vedra Beach is 0.40%, which is significantly lower than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Ponte Vedra Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ponte Vedra 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 Ponte Vedra 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 found in zip code 27601 at 1.05%, while the lowest median tax rate is in zip code 28717 at 0.20%. Understanding how these cities compare with Ponte Vedra 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 Ponte Vedra 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 Ponte Vedra Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32082 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Ponte Vedra Beach, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ponte Vedra Beach, NC. 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 Ponte Vedra 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 Ponte Vedra Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in the area is 32082, both with a median tax bill of $963.
Property Tax Assessment Values Across Ponte Vedra Beach, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Ponte Vedra Beach Assessed Value
$240,800
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 Ponte Vedra Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32082 | $240,800 | $240,800 | $240,800 | $240,800 | $240,800 |
Source: Ownwell
Property Tax Bills Across Ponte Vedra Beach, North Carolina
In Ponte Vedra Beach, Avery County, NC, property tax bills are determined by assessing the market value of a home and applying the local tax rate. For homes in this area, the median home price stands at $240,800. The property tax rate in Ponte Vedra Beach aligns with the national median rate of 0.99%, resulting in a median tax bill of $963. This amount is consistent across various percentiles, including the 25th, 75th, and 90th, reflecting a uniform application of the tax rate. Homeowners in Ponte Vedra Beach can expect their property tax bills to be influenced by the assessed value of their property. This assessment takes into account factors such as the home's size, location, and market conditions. The resulting tax bill directly impacts homeowners by contributing to local government revenues, which fund public services like schools, infrastructure, and emergency services. Understanding how these factors interplay helps homeowners anticipate their financial obligations and plan accordingly.
Average Ponte Vedra Beach Tax Bill
$963
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Ponte Vedra Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32082 | $963 | $963 | $963 | $963 | $963 |
Source: Ownwell