Sunset Beach, North Carolina Property Taxes
The median property tax rate in Sunset 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 a median home value of $474,800 in Sunset Beach, the typical annual property tax bill amounts to $1,899, which is well below the national median of $2,690. Property taxes in Sunset Beach 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. By understanding Sunset Beach's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're residing in Sunset Beach or investing in the area, gaining insight into the local property tax system is crucial for financial planning and maximizing property value.
Last Updated June 14, 2024
Sunset Beach, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,899
$1,762
Ownwell’s Sunset Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sunset Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sunset 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 Sunset Beach, North Carolina
Property taxes in Sunset 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 Sunset Beach is 0.52%, which is lower than the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Sunset Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sunset 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 Sunset Beach's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28461 zip code has the highest median property tax rate of 0.73%, while the 28467 zip code has the lowest median tax rate of 0.49%. Understanding how these cities compare with Sunset Beach provides valuable insights into the varying tax landscape across Brunswick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sunset 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 Sunset Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28468 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Sunset Beach, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sunset Beach, North Carolina. 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 in Sunset Beach 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 Sunset Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sunset Beach are both $1,899, found in the zip code 28468.
Property Tax Assessment Values Across Sunset Beach, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Sunset Beach Assessed Value
$474,800
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 Sunset Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28468 | $474,800 | $474,800 | $474,800 | $474,800 | $474,800 |
Source: Ownwell
Property Tax Bills Across Sunset Beach, North Carolina
Property tax bills in Sunset Beach, NC, are calculated based on the assessed value of a property, which is determined by the county tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Sunset Beach, the median home price is $474,800. The property tax rate in this region is designed to generate revenue for local services such as schools, public safety, and infrastructure maintenance. Homeowners in Sunset Beach can expect a median tax bill of $1,899, which is consistent across different percentiles, indicating a stable tax environment. Compared to the national median property tax rate of 0.99%, the tax rate in Sunset Beach appears to be relatively moderate. This stability in property tax bills can provide homeowners with predictable expenses, making financial planning easier. However, the actual impact on homeowners will vary depending on the specific assessed value of their property and any applicable exemptions or deductions.
Average Sunset Beach Tax Bill
$1,899
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Sunset Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28468 | $1,899 | $1,899 | $1,899 | $1,899 | $1,899 |
Source: Ownwell