Rockledge, North Carolina Property Taxes
The median property tax rate in Rockledge, NC is 0.42%, 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 $220,200 in Rockledge, the typical annual property tax bill is $929, well below the national median of $2,690. Property taxes in Rockledge are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Rockledge'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 Rockledge 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
Rockledge, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$925
Ownwell’s Rockledge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockledge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockledge 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 Rockledge, North Carolina
Property taxes in Rockledge, 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 Rockledge is 0.42%, notably lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Rockledge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockledge 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 Rockledge's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 32955 zip code has the highest median property tax rate of 0.42%, while the same 32955 zip code also has the lowest median tax rate of 0.42%. Understanding how these cities compare with Rockledge 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 Rockledge Tax Rate
0.42%
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 Rockledge, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32955 | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Rockledge, North Carolina
In Rockledge, 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 Rockledge, 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 Rockledge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $929 in the 32955 zip code.
Property Tax Assessment Values Across Rockledge, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Rockledge Assessed Value
$220,200
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 Rockledge, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32955 | $220,200 | $220,200 | $220,200 | $220,200 | $220,200 |
Source: Ownwell
Property Tax Bills Across Rockledge, North Carolina
In Rockledge, Avery County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Rockledge can expect a median property tax bill of $929, which is significantly lower than the national median property tax rate of 0.99%. Several factors contribute to the final tax bill, including the property's size, location, and any improvements that have been made. The uniformity in tax bills across different percentiles—25th, 75th, and 90th—indicates a consistent approach in property tax assessments within the area. For homeowners, this means a relatively predictable and manageable tax burden compared to other regions. The consistency in tax bills also helps in financial planning and budgeting, offering a sense of stability. Understanding these elements can help homeowners better anticipate their annual property tax obligations and manage their finances more effectively.
Average Rockledge Tax Bill
$929
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockledge, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32955 | $929 | $929 | $929 | $929 | $929 |
Source: Ownwell