Macclesfield, North Carolina Property Taxes
The median property tax rate in Macclesfield, NC is 1.20%, significantly higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $71,927 in Macclesfield, the typical annual property tax bill amounts to $870, which is below the national median of $2,690. Property taxes in Macclesfield are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Macclesfield's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Macclesfield or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Macclesfield, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$863
Ownwell’s Macclesfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Macclesfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Macclesfield 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 Macclesfield, North Carolina
Property taxes in Macclesfield, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Macclesfield is 1.20%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Macclesfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Macclesfield 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 Macclesfield's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27852 zip code has the highest median property tax rate of 1.20%, while the 27852 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Macclesfield provides valuable insights into the varying tax landscape across Edgecombe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Macclesfield Tax Rate
1.20%
Average Edgecombe County Tax Rate
0.95%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macclesfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27852 | 1.05% | 1.12% | 1.20% | 1.32% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Macclesfield, North Carolina
In Macclesfield, 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 Edgecombe 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 Macclesfield, 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 Macclesfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 27852 has the highest and lowest median tax bill at $870, making it essential for residents to stay informed and proactive.
Property Tax Assessment Values Across Macclesfield, North Carolina
Source: Ownwell
$54,253
$70,164
$86,074
Average Macclesfield Assessed Value
$71,927
Average Edgecombe County Assessed Value
$68,521
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Macclesfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27852 | $21,265 | $41,652 | $71,927 | $109,510 | $167,320 |
Source: Ownwell
Property Tax Bills Across Macclesfield, North Carolina
In Macclesfield, located in Edgecombe County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Macclesfield typically see tax bills ranging from $514 at the 25th percentile to $1,277 at the 75th percentile, with the 90th percentile reaching up to $1,944. The median home price in the area is $71,927, which influences the overall tax burden. Several factors contribute to determining the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, the highest median tax bill in the area is $870, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can be a financial relief for homeowners, allowing them to allocate more resources towards other expenses or investments. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances more effectively.
Average Macclesfield Tax Bill
$870
Average Edgecombe County Tax Bill
$709
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Macclesfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27852 | $268 | $514 | $870 | $1,277 | $1,944 |
Source: Ownwell