South Haven, North Carolina Property Taxes
The median property tax rate in South Haven, NC is 0.42%, 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 South Haven at $410,500, the typical annual property tax bill amounts to $1,741, which is below the national median of $2,690. Property taxes in South Haven 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 South Haven'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 South Haven 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
South Haven, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$1,724
Ownwell’s South Haven Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Haven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Haven 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 South Haven, North Carolina
Property taxes in South Haven, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Haven is 0.42%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within South Haven set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Haven 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 South Haven's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 49090 zip code has the highest median property tax rate of 0.42%, while the same 49090 zip code also has the lowest median tax rate of 0.42%. Understanding how these cities compare with South Haven 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 South Haven 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 South Haven, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49090 | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across South Haven, North Carolina
In South Haven, 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 South Haven, 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 South Haven helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in South Haven are both $1,741, found in the 49090 zip code.
Property Tax Assessment Values Across South Haven, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average South Haven Assessed Value
$410,500
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 South Haven, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49090 | $410,500 | $410,500 | $410,500 | $410,500 | $410,500 |
Source: Ownwell
Property Tax Bills Across South Haven, North Carolina
In South Haven, Avery County, NC, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and reflects the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For South Haven, the median home price is $410,500. The property tax rate in this area is relatively competitive compared to the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood developments, and market conditions can influence the assessed value. Homeowners in South Haven can expect a consistent tax bill, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $1,741. This uniformity suggests a stable property tax environment, which can be advantageous for financial planning. The highest and lowest median tax bills in the area are both $1,741, indicating minimal fluctuation in property taxes within the city. This stability can provide a sense of predictability and security for homeowners.
Average South Haven Tax Bill
$1,741
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across South Haven, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49090 | $1,741 | $1,741 | $1,741 | $1,741 | $1,741 |
Source: Ownwell