Saint Simons Island, North Carolina Property Taxes
The median property tax rate in Saint Simons Island, NC is 0.40%, 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 $65,000 in Saint Simons Island, the typical annual property tax bill is around $260, which is well below the national median of $2,690. Property taxes in Saint Simons Island are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Saint Simons Island'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 Saint Simons Island 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 Simons Island, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$260
$241
Ownwell’s Saint Simons Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Simons Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Simons Island 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 Simons Island, North Carolina
Property taxes in Saint Simons Island, 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 Saint Simons Island is 0.55%, which is higher than the North Carolina state median of 0.70% but lower than the U.S. national median of 0.99%. Local government entities within Saint Simons Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Simons Island 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 Simons Island's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 37011 has the highest median property tax rate of 0.75%, while zip code 37012 has the lowest median tax rate of 0.30%. Understanding how these cities compare with Saint Simons Island 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 Simons Island 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 Simons Island, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31522 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Saint Simons Island, North Carolina
In Saint Simons Island, 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. 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 Saint Simons Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $65,000, with the highest and lowest median tax bills both being $260 in the 31522 zip code.
Property Tax Assessment Values Across Saint Simons Island, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Saint Simons Island Assessed Value
$65,000
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 Simons Island, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31522 | $65,000 | $65,000 | $65,000 | $65,000 | $65,000 |
Source: Ownwell
Property Tax Bills Across Saint Simons Island, North Carolina
In Saint Simons Island, Avery County, NC, property tax bills are calculated based on the assessed value of the property. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, the median home price in Saint Simons Island is $65,000. Homeowners in this area experience a consistent tax bill, with the 25th, 75th, and 90th percentiles all at $260, reflecting a uniform approach to property taxation. This tax bill impacts homeowners by contributing to local government revenues, which fund essential services like schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Saint Simons Island’s tax rate results in relatively low property tax bills. This can make the area attractive to potential homeowners seeking affordable living costs while still enjoying the benefits of community services funded by these taxes.
Average Saint Simons Island Tax Bill
$260
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 Simons Island, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31522 | $260 | $260 | $260 | $260 | $260 |
Source: Ownwell