Belhaven, North Carolina Property Taxes
The median property tax rate in Belhaven, NC, is 0.89%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Belhaven at $104,496, the typical annual property tax bill is $1,018, which is lower than the national median of $2,690. Property taxes in Belhaven are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Belhaven'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 Belhaven or another part of Beaufort County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belhaven, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$930
Ownwell’s Belhaven Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belhaven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belhaven 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 Belhaven, North Carolina
Property taxes in Belhaven, North Carolina, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Belhaven is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Belhaven set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belhaven 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 Belhaven's effective property tax rate to other areas in Beaufort County and the national median. For comparison, the 27810 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Belhaven provides valuable insights into the varying tax landscape across Beaufort County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belhaven Tax Rate
0.89%
Average Beaufort County Tax Rate
0.92%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belhaven, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27810 | 0.75% | 0.79% | 0.89% | 1.32% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Belhaven, North Carolina
In Belhaven, 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 Beaufort 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 Belhaven, 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 Belhaven helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,018 in the 27810 zip code, while the lowest median tax bill is also $1,018, reflecting a consistent tax environment across the region.
Property Tax Assessment Values Across Belhaven, North Carolina
Source: Ownwell
$50,925
$132,433
$213,941
Average Belhaven Assessed Value
$104,496
Average Beaufort County Assessed Value
$101,488
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belhaven, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27810 | $33,177 | $53,062 | $104,496 | $213,350 | $326,893 |
Source: Ownwell
Property Tax Bills Across Belhaven, North Carolina
In Belhaven, located in Beaufort 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 assessor and reflects the market value of the property. Homeowners in Belhaven see a range of tax bills depending on their property's value. For instance, the 25th percentile tax bill is around $620, while those in the 75th percentile pay approximately $1792. At the higher end, the 90th percentile tax bill reaches up to $2619. Compared to the national median property tax rate of 0.99%, Belhaven's property taxes can be seen as relatively moderate, but they still represent a significant expense for homeowners. These tax bills fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners need to be aware of these costs as they can significantly affect their annual budgeting and overall financial planning.
Average Belhaven Tax Bill
$1,018
Average Beaufort County Tax Bill
$970
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Belhaven, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27810 | $422 | $620 | $1,018 | $1,792 | $2,619 |
Source: Ownwell