Port Wentworth, North Carolina Property Taxes
The median property tax rate in Port Wentworth, 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 $482,900 in Port Wentworth, the typical annual property tax bill amounts to $1,932, which is below the national median of $2,690. Property taxes in Port Wentworth are determined based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Port Wentworth's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're residing in Port Wentworth or another area within the county, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Port Wentworth, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,932
Ownwell’s Port Wentworth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Port Wentworth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Port Wentworth 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 Port Wentworth, North Carolina
Property taxes in Port Wentworth, 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 Port Wentworth is 0.40%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Port Wentworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port Wentworth 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 Port Wentworth's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 31407 has both the highest and lowest median property tax rate of 0.40%, indicating a uniform tax rate within that area. Understanding how these cities compare with Port Wentworth 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 Port Wentworth 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 Port Wentworth, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31407 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Port Wentworth, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Port Wentworth, 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. In Port Wentworth, 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. The highest and lowest median tax bills in Port Wentworth are both $1,932, found in the 31407 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Port Wentworth, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Port Wentworth Assessed Value
$482,900
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 Port Wentworth, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31407 | $482,900 | $482,900 | $482,900 | $482,900 | $482,900 |
Source: Ownwell
Property Tax Bills Across Port Wentworth, North Carolina
In Port Wentworth, property tax bills are calculated based on the assessed value of a homeowner's property, which is a percentage of the market value determined by the local assessor's office. The median home price in Port Wentworth is $482,900. Property taxes are then applied using the local tax rate, which is influenced by the county's budgetary needs and other factors. For example, the median property tax bill in this area is $1,932, which is significantly lower than the national median property tax rate of 0.99%. Factors such as changes in the market value of homes, local government spending, and any applicable exemptions or deductions can all impact the final tax bill. For homeowners in Port Wentworth, a consistent median tax bill of $1,932 provides a predictable annual expense, making financial planning easier. Understanding these components helps homeowners anticipate their property tax obligations and manage their budgets effectively.
Average Port Wentworth Tax Bill
$1,932
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Port Wentworth, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 31407 | $1,932 | $1,932 | $1,932 | $1,932 | $1,932 |
Source: Ownwell