Sealevel, North Carolina Property Taxes
The median property tax rate in SEALEVEL, NC is 0.72%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in SEALEVEL at $70,790, the typical annual property tax bill is $548, significantly below the national median of $2,690. Property taxes in SEALEVEL are determined based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of SEALEVEL's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of SEALEVEL or another part of Carteret County, comprehending the local property tax system will greatly benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sealevel, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$510
Ownwell’s SEALEVEL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SEALEVEL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SEALEVEL 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 Sealevel, North Carolina
Property taxes in SEALEVEL, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in SEALEVEL is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within SEALEVEL set these rates annually, and they can vary significantly across different neighborhoods. Each year, SEALEVEL 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 SEALEVEL's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28577 zip code has both the highest and lowest median property tax rate of 0.72%. Understanding how these cities compare with SEALEVEL 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 Sealevel Tax Rate
0.72%
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 Sealevel, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28577 | 0.57% | 0.61% | 0.72% | 0.92% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Sealevel, North Carolina
In SEALEVEL, 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 SEALEVEL, 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 SEALEVEL helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in SEALEVEL is $548.00 in zip code 28577, while the lowest median tax bill is also $548.00 in the same zip code.
Property Tax Assessment Values Across Sealevel, North Carolina
Source: Ownwell
$70,790
$314,164
$557,538
Average Sealevel Assessed Value
$70,790
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 Sealevel, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28577 | $17,100 | $40,416 | $70,790 | $137,041 | $250,442 |
Source: Ownwell
Property Tax Bills Across Sealevel, North Carolina
In SEALEVEL, located in Carteret County, NC, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $70,790. Local tax authorities determine the assessed value, which is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence this assessment, including the home's market value, location, and any improvements made to the property. For homeowners in SEALEVEL, property tax bills can vary significantly. At the 25th percentile, the tax bill is about $337, while at the 75th percentile, it rises to approximately $946. The highest tax bills, at the 90th percentile, reach up to $1,575. Compared to the national median property tax rate of 0.99%, the rates in SEALEVEL are relatively modest, which can be beneficial for homeowners looking to manage their annual expenses. These property taxes fund essential local services, such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Sealevel Tax Bill
$548
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 Sealevel, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28577 | $251 | $337 | $548 | $946 | $1,575 |
Source: Ownwell