Shallotte, North Carolina Property Taxes
The median property tax rate in Shallotte, NC is 0.55%, 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 Shallotte at $201,765, the typical annual property tax bill amounts to $835, well below the national median of $2,690. Property taxes in Shallotte are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Shallotte'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 Shallotte 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
Shallotte, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,110
Ownwell’s Shallotte Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shallotte with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shallotte 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 Shallotte, North Carolina
Property taxes in Shallotte, North Carolina, are instrumental in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shallotte is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Shallotte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shallotte 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 Shallotte's effective property tax rate to other areas in Brunswick County and the national median. For comparison, the zip code 28470 has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these cities compare with Shallotte provides valuable insights into the varying tax landscape across Brunswick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shallotte Tax Rate
0.55%
Average Brunswick County Tax Rate
0.43%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shallotte, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28470 | 0.33% | 0.40% | 0.55% | 0.67% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Shallotte, North Carolina
In Shallotte, 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 Brunswick 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 Shallotte, 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. The median home price in Shallotte is $201,765, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $426, while the 75th percentile tax bill is $1,649, and the 90th percentile tax bill reaches $2,350. The highest and lowest median tax bills are both $835 in the 28470 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Shallotte, North Carolina
Source: Ownwell
$90,960
$529,140
$967,320
Average Shallotte Assessed Value
$201,765
Average Brunswick County Assessed Value
$338,175
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shallotte, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28470 | $24,700 | $102,252 | $201,765 | $310,832 | $415,052 |
Source: Ownwell
Property Tax Bills Across Shallotte, North Carolina
In Shallotte, located in Brunswick 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 Shallotte can expect a median property tax rate that is reflective of Brunswick County's standards. The tax bill is influenced by various factors, including the property's assessed value and any applicable exemptions or deductions. For instance, the 25th percentile of tax bills in Shallotte is around $426, while the 75th percentile reaches $1,649, and the 90th percentile can go up to $2,350. These figures indicate a range of tax obligations depending on the value and characteristics of the property. Compared to the national median property tax rate of 0.99%, Shallotte's property taxes are relatively moderate, providing a balanced financial impact on homeowners. This system ensures that property taxes are proportionate to the property's value, allowing for fair and equitable contributions to local services and infrastructure.
Average Shallotte Tax Bill
$835
Average Brunswick County Tax Bill
$1,377
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Shallotte, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28470 | $180 | $426 | $835 | $1,649 | $2,350 |
Source: Ownwell