White Oak, North Carolina Property Taxes
The median property tax rate in White Oak, NC is 1.16%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in White Oak at $98,134, the typical annual property tax bill reaches $1,092, exceeding the national median of $2,690. Property taxes in White Oak are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding White Oak'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 White Oak 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
White Oak, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$1,138
Ownwell’s White Oak Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Oak with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Oak 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 White Oak, North Carolina
Property taxes in White Oak, 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 White Oak is 1.16%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within White Oak set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Oak 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 White Oak's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28399 zip code has the highest median property tax rate of 1.16%, while 28399 also has the lowest median tax rate of 1.16%. Understanding how these cities compare with White Oak provides valuable insights into the varying tax landscape across Cumberland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average White Oak Tax Rate
1.16%
Average Cumberland County Tax Rate
1.48%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Oak, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28399 | 1.02% | 1.11% | 1.16% | 1.21% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across White Oak, North Carolina
In White Oak, 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 Cumberland 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 White Oak, 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 White Oak helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28399 has the same median tax bill of $1092.00, which is the highest and lowest in the area.
Property Tax Assessment Values Across White Oak, North Carolina
Source: Ownwell
$22,900
$86,172
$149,444
Average White Oak Assessed Value
$98,134
Average Cumberland County Assessed Value
$115,098
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across White Oak, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28399 | $40,295 | $46,371 | $98,134 | $144,521 | $171,211 |
Source: Ownwell
Property Tax Bills Across White Oak, North Carolina
In White Oak, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the Cumberland County assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $98,134, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $800, while the 75th percentile tax bill reaches up to $1,531, and the 90th percentile tax bill is $1,677. These figures indicate a range of possible tax obligations, reflecting differences in property values and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, White Oak's property tax rates can vary, impacting homeowners differently based on their property's assessed value. For those in the highest median tax bill zip code 28399, the tax bill stands at $1,092. Understanding these factors helps homeowners in White Oak plan their finances and anticipate their annual property tax obligations.
Average White Oak Tax Bill
$1,092
Average Cumberland County Tax Bill
$1,668
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across White Oak, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28399 | $488 | $800 | $1,092 | $1,531 | $1,677 |
Source: Ownwell