Harbinger, North Carolina Property Taxes
The median property tax rate in Harbinger, NC is 0.63%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Harbinger at $259,600, the typical annual property tax bill reaches $1,620, which is significantly below the national median of $2,690. Property taxes in Harbinger 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 Harbinger'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 Harbinger 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
Harbinger, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,635
Ownwell’s Harbinger Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harbinger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harbinger 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 Harbinger, North Carolina
Property taxes in Harbinger, 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 Harbinger is 0.63%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Harbinger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harbinger 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 Harbinger's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27941 zip code has both the highest and lowest median property tax rate of 0.63%. Understanding how these cities compare with Harbinger provides valuable insights into the varying tax landscape across Currituck County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harbinger Tax Rate
0.63%
Average Currituck County Tax Rate
0.71%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harbinger, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27941 | 0.54% | 0.56% | 0.63% | 0.67% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Harbinger, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Harbinger, North Carolina. The market value represents 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 Currituck County 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 Harbinger, 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 Harbinger helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Harbinger is $1,620 in zip code 27941, while the lowest median tax bill is also $1,620 in the same zip code.
Property Tax Assessment Values Across Harbinger, North Carolina
Source: Ownwell
$97,200
$300,600
$504,000
Average Harbinger Assessed Value
$259,600
Average Currituck County Assessed Value
$330,900
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harbinger, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27941 | $110,100 | $181,500 | $259,600 | $357,700 | $520,800 |
Source: Ownwell
Property Tax Bills Across Harbinger, North Carolina
In Harbinger, Currituck County, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. For instance, with a median home price of $259,600, the tax bill can vary significantly. The tax bill at the 25th percentile is around $1,088, while at the 75th percentile, it rises to approximately $2,214. At the 90th percentile, homeowners can expect to pay about $3,139. These figures are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. The local tax rate in Harbinger is competitive when compared to the national median property tax rate of 0.99%. This means homeowners in Harbinger might experience relatively moderate property tax bills compared to other regions. Understanding these variables can help homeowners better anticipate their annual tax obligations and manage their finances more effectively.
Average Harbinger Tax Bill
$1,620
Average Currituck County Tax Bill
$2,308
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Harbinger, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27941 | $555 | $1,088 | $1,620 | $2,214 | $3,139 |
Source: Ownwell