Atlantic Beach, North Carolina Property Taxes
The median property tax rate in Atlantic Beach, NC is 0.34%, 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 Atlantic Beach at $305,000, the typical annual property tax bill is $1,062, far below the national median of $2,690. Property taxes in Atlantic Beach are calculated based on the assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Atlantic Beach'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 Atlantic 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
Atlantic Beach, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$1,037
$962
Ownwell’s Atlantic Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atlantic Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atlantic 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 Atlantic Beach, North Carolina
Property taxes in Atlantic Beach, NC, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atlantic Beach is 0.34%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Atlantic Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atlantic 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 Atlantic 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 the state has the highest median property tax rate of 1.05%, while the lowest median tax rate is 0.20%. Understanding how these cities compare with Atlantic Beach provides valuable insights into the varying tax landscape across Carteret County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atlantic Beach Tax Rate
0.34%
Average Carteret County Tax Rate
0.55%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atlantic Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28512 | 0.34% | 0.34% | 0.34% | 0.35% | 0.36% |
Source: Ownwell
Property Tax Assessment Values Across Atlantic Beach, North Carolina
In Atlantic 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 Carteret 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 Atlantic 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 Atlantic 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 $1062, found in zip code 28512.
Property Tax Assessment Values Across Atlantic Beach, North Carolina
Source: Ownwell
$70,790
$314,164
$557,538
Average Atlantic Beach Assessed Value
$305,000
Average Carteret County Assessed Value
$225,462
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atlantic Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28512 | $116,000 | $192,908 | $305,000 | $468,592 | $745,793 |
Source: Ownwell
Property Tax Bills Across Atlantic Beach, North Carolina
In Atlantic Beach, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the Carteret County tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Atlantic Beach, the median home price is $305,000. Using the local tax rate, the tax bill can vary significantly. For example, the 25th percentile of tax bills is $671, while the 75th percentile is $1,625, and the 90th percentile reaches up to $2,568. These variations highlight how different factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, Atlantic Beach homeowners might find their tax bills to be relatively moderate. Understanding these factors can help homeowners anticipate their annual expenses and plan accordingly.
Average Atlantic Beach Tax Bill
$1,062
Average Carteret County Tax Bill
$1,125
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Atlantic Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28512 | $409 | $671 | $1,062 | $1,625 | $2,568 |
Source: Ownwell