Saint Augustine, North Carolina Property Taxes
The median property tax rate in Saint Augustine, 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 Saint Augustine, the typical annual property tax bill is $784, well below the national median of $2,690. Property taxes in Saint Augustine are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Augustine'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 Saint Augustine or another part of Avery County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Augustine, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,722
$1,598
Ownwell’s Saint Augustine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Augustine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Augustine 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 Saint Augustine, North Carolina
Property taxes in Saint Augustine, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Augustine is 0.40%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Augustine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Augustine 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 Saint Augustine's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 32084 zip code has the highest median property tax rate of 0.40%, while the 32080 zip code has the lowest median tax rate of 0.40%. Understanding how these areas compare with Saint Augustine 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 Saint Augustine 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 Saint Augustine, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32080 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 32084 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| 32095 | 0.16% | 0.16% | 0.16% | 0.16% | 0.16% |
Source: Ownwell
Property Tax Assessment Values Across Saint Augustine, North Carolina
In Saint Augustine, 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 Saint Augustine, 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 Saint Augustine is $430,500, with tax bills varying significantly. For instance, the highest median tax bill is $2,486 in the 32080 zip code, while the lowest is $427 in the 32084 zip code. 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 Saint Augustine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saint Augustine, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Saint Augustine Assessed Value
$430,500
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 Saint Augustine, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32080 | $468,710 | $526,025 | $621,550 | $717,075 | $774,390 |
| 32084 | $99,340 | $102,100 | $106,700 | $111,300 | $114,060 |
| 32095 | $485,100 | $485,100 | $485,100 | $485,100 | $485,100 |
Source: Ownwell
Property Tax Bills Across Saint Augustine, North Carolina
In Saint Augustine, Avery County, NC, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. The median home price in Saint Augustine is $430,500, and the property tax rate is applied to this assessed value to derive the annual tax bill. Homeowners in this area can expect their tax bills to vary significantly depending on their property's assessed value and applicable exemptions. For instance, the 25th percentile tax bill is $464, while the 75th percentile tax bill reaches $1,722, and the 90th percentile tax bill can go up to $2,639. The highest median tax bill in the area is $2,486 in the 32080 zip code, contrasting sharply with the lowest median tax bill of $427 in the 32084 zip code. These variations highlight how different factors, such as property location and specific assessments, can significantly impact the financial obligations of homeowners. Compared to the national median property tax rate of 0.99%, these figures provide a clear picture of the property tax landscape in Saint Augustine.
Average Saint Augustine Tax Bill
$784
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Augustine, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 32080 | $1,875 | $2,104 | $2,486 | $2,868 | $3,098 |
| 32084 | $397 | $408 | $427 | $445 | $456 |
| 32095 | $784 | $784 | $784 | $784 | $784 |
Source: Ownwell