Winter Haven, North Carolina Property Taxes
The median property tax rate in Winter Haven, NC is 0.42%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Winter Haven at $342,100, the typical annual property tax bill reaches $1,451, significantly below the national median of $2,690. Property taxes in Winter Haven are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Winter Haven'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 Winter 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
Winter Haven, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$1,437
$1,333
Ownwell’s Winter Haven Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winter Haven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winter 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 Winter Haven, North Carolina
Property taxes in Winter Haven, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Winter Haven is 0.42%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Winter Haven set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winter 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 Winter Haven's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 33884 zip code has the highest median property tax rate of 0.42%, while the same 33884 zip code also has the lowest median tax rate of 0.42%. Understanding how these cities compare with Winter 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 Winter 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 Winter Haven, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33884 | 0.42% | 0.42% | 0.42% | 0.42% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Winter Haven, North Carolina
In Winter 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 Winter 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 Winter Haven helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 33884, both at $1,451.
Property Tax Assessment Values Across Winter Haven, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Winter Haven Assessed Value
$342,100
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 Haven, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33884 | $342,100 | $342,100 | $342,100 | $342,100 | $342,100 |
Source: Ownwell
Property Tax Bills Across Winter Haven, North Carolina
In Winter Haven, Avery County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's property appraiser and reflects the market value of the property. For a median home price of $342,100, homeowners can expect their tax bills to be around $1,451, as this figure represents the 25th, 75th, and 90th percentiles. This consistency in tax bills underscores a stable property tax environment in the area. The tax rate applied to the assessed value is crucial in determining the final tax bill. While the national median property tax rate is 0.99%, Winter Haven's specific rate ensures that homeowners are contributing fairly to local services such as schools, infrastructure, and emergency services. For homeowners, understanding these factors is essential for financial planning, as property taxes represent a significant annual expense. The relatively moderate tax bills in Winter Haven can make homeownership more affordable compared to areas with higher tax rates.
Average Winter Haven Tax Bill
$1,451
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 Haven, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33884 | $1,451 | $1,451 | $1,451 | $1,451 | $1,451 |
Source: Ownwell