Kelford, North Carolina Property Taxes
The median property tax rate in Kelford, NC is 0.90%, slightly below the national median of 0.99% but higher than North Carolina's state median of 0.82%. With the median home value in Kelford at $39,976, the typical annual property tax bill amounts to $375, which is significantly lower than the national median of $2,690. Property taxes in Kelford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Kelford'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 Kelford 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
Kelford, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$360
Ownwell’s Kelford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kelford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kelford 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 Kelford, North Carolina
Property taxes in Kelford, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kelford is 0.90%, slightly lower than the U.S. national median of 0.99%. Local government entities within Kelford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kelford 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 Kelford's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27847 has the highest median property tax rate of 0.90%, while the same zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Kelford provides valuable insights into the varying tax landscape across Bertie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kelford Tax Rate
0.90%
Average Bertie County Tax Rate
0.90%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kelford, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27847 | 0.45% | 0.90% | 0.90% | 1.25% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Kelford, North Carolina
In Kelford, 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 Bertie 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 Kelford, 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 Kelford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kelford are both $375, found in the zip code 27847.
Average Kelford Assessed Value
$39,976
Average Bertie County Assessed Value
$56,495
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kelford, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27847 | $13,643 | $26,847 | $39,976 | $59,328 | $81,526 |
Source: Ownwell
Property Tax Bills Across Kelford, North Carolina
In Kelford, located in Bertie County, NC, property tax bills are calculated based on the assessed value of a home. The median home price in Kelford is $39,976, and the property tax rate is applied to this assessed value to determine the tax bill. The assessed value is influenced by factors such as property size, location, and market conditions. Homeowners in Kelford can expect their property tax bills to vary, with the 25th percentile tax bill at $220 and the 75th percentile tax bill at $556. For those at the higher end, the 90th percentile tax bill reaches $775. The highest median tax bill in the area is $375, which is consistent across the zip code 27847. Compared to the national median property tax rate of 0.99%, Kelford's property taxes can significantly impact homeowners, particularly in terms of annual budgeting and financial planning. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Kelford Tax Bill
$375
Average Bertie County Tax Bill
$505
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Kelford, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27847 | $107 | $220 | $375 | $556 | $775 |
Source: Ownwell