Wrightsville Beach, North Carolina Property Taxes
The median property tax rate in Wrightsville 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 the median home value in Wrightsville Beach at $2,222,400, the typical annual property tax bill reaches $8,890, which is substantially higher than the national median of $2,690. Property taxes in Wrightsville Beach are calculated based on the tax assessed value, which often falls below market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wrightsville Beach'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 Wrightsville Beach 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
Wrightsville Beach, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$8,890
$8,249
Ownwell’s Wrightsville Beach Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential owner looking to estimate their annual property taxes in Wrightsville Beach. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Wrightsville Beach to provide an accurate estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county for tax calculations, includes any applicable exemptions, ensuring a precise estimate.
Property Tax Rates Across Wrightsville Beach, North Carolina
Property taxes in Wrightsville 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 Wrightsville Beach is 0.42%, which is below both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Wrightsville Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wrightsville 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 Wrightsville Beach's effective property tax rate to other counties in North Carolina and the national median. For comparison, the highest median property tax rate in North Carolina is found in Dare County at 0.87%, while the lowest median tax rate is in Avery County at 0.40%. Understanding how these counties compare with Wrightsville Beach provides valuable insights into the varying tax landscape across New Hanover County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wrightsville 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 Wrightsville Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28480 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Wrightsville Beach, North Carolina
In Wrightsville Beach, 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 Wrightsville Beach, 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 Wrightsville 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 the area are both $8,890, found in the zip code 28480.
Property Tax Assessment Values Across Wrightsville Beach, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Wrightsville Beach Assessed Value
$2,222,400
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 Wrightsville Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28480 | $2,222,400 | $2,222,400 | $2,222,400 | $2,222,400 | $2,222,400 |
Source: Ownwell
Property Tax Bills Across Wrightsville Beach, North Carolina
In Wrightsville Beach, located in Avery County, NC, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the total tax bill. For instance, with a median home price of $2,222,400, homeowners can expect a significant tax bill. The median property tax bill in this area is $8,890, which is considerably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. Assessors evaluate properties periodically to ensure the assessed value reflects current market conditions. This ensures that homeowners contribute their fair share towards local services such as schools, public safety, and infrastructure. The relatively high property tax bills in Wrightsville Beach can impact homeowners by increasing the overall cost of owning a home. It's important for homeowners to stay informed about their property's assessed value and any potential changes in local tax rates to manage their financial planning effectively.
Average Wrightsville Beach Tax Bill
$8,890
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Wrightsville Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28480 | $8,890 | $8,890 | $8,890 | $8,890 | $8,890 |
Source: Ownwell