Winter Garden, North Carolina Property Taxes
The median property tax rate in Winter Garden, 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 $832,600 in Winter Garden, the typical annual property tax bill amounts to $3,480, which surpasses the national median of $2,690. Property taxes in Winter Garden are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Winter Garden'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 Winter Garden or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winter Garden, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$3,497
$3,245
Ownwell’s Winter Garden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winter Garden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winter Garden 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 Winter Garden, North Carolina
Property taxes in Winter Garden, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winter Garden is 0.42%, which is lower than the U.S. national median of 0.99%. Local government entities within Winter Garden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winter Garden 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 Winter Garden's effective property tax rate to other areas and the national median. For comparison, the zip code 34787 has both the highest and lowest median property tax rate of 0.42%. Understanding how these areas compare with Winter Garden 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 Winter Garden 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 Winter Garden, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34787 | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Winter Garden, North Carolina
In Winter Garden, 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 Winter Garden, 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 Winter Garden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 34787 has both the highest and lowest median tax bill at $3,480.
Property Tax Assessment Values Across Winter Garden, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Winter Garden Assessed Value
$832,600
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 Winter Garden, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34787 | $832,600 | $832,600 | $832,600 | $832,600 | $832,600 |
Source: Ownwell
Property Tax Bills Across Winter Garden, North Carolina
In Winter Garden, Avery County, NC, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Winter Garden typically see a median home price of $832,600. The property tax rate is applied to this assessed value to determine the annual tax bill. For Winter Garden, the tax bills show little variation, with the 25th, 75th, and 90th percentiles all at $3,480. This suggests a uniform tax rate across different property values within the city. Compared to the national median property tax rate of 0.99%, Winter Garden's property tax rate can provide insights into the local tax burden. Homeowners should understand that these taxes fund essential public services like schools, infrastructure, and emergency services. Therefore, while the tax bill may seem significant, it directly contributes to the community's quality of life and property value stability.
Average Winter Garden Tax Bill
$3,480
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Winter Garden, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 34787 | $3,480 | $3,480 | $3,480 | $3,480 | $3,480 |
Source: Ownwell