Hookerton, North Carolina Property Taxes
The median property tax rate in Hookerton, NC is 0.96%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $84,315 in Hookerton, the typical annual property tax bill amounts to $780, which is significantly below the national median of $2,690. Property taxes in Hookerton 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 Hookerton'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 Hookerton or another part of Greene County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hookerton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$809
Ownwell’s Hookerton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hookerton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hookerton 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 Hookerton, North Carolina
Property taxes in Hookerton, 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 Hookerton is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Hookerton set these rates annually, and they can vary across different neighborhoods. Each year, Hookerton 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 Hookerton's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28538 in Greene County has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these cities compare with Hookerton provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hookerton Tax Rate
0.96%
Average Greene County Tax Rate
0.97%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hookerton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28538 | 0.45% | 0.84% | 0.96% | 1.01% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Hookerton, North Carolina
In Hookerton, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 the Greene 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 Hookerton, 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. Awareness of these valuation processes in Hookerton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Hookerton is 28538, with a median tax bill of $780.
Property Tax Assessment Values Across Hookerton, North Carolina
Source: Ownwell
$55,950
$81,008
$106,065
Average Hookerton Assessed Value
$84,315
Average Greene County Assessed Value
$87,680
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hookerton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28538 | $41,445 | $62,702 | $84,315 | $121,380 | $186,800 |
Source: Ownwell
Property Tax Bills Across Hookerton, North Carolina
In Hookerton, located in Greene County, NC, property tax bills are determined based on the assessed value of a home, which is derived from the median home price of $84,315. The tax rate is applied to this assessed value to calculate the annual tax bill. Various factors influence this bill, including the property's location, size, and any applicable exemptions or deductions. Homeowners in Hookerton can expect their tax bills to range significantly. For example, those in the 25th percentile might pay around $541, while those in the 75th percentile could see bills closer to $1,074. At the higher end, the 90th percentile tax bill reaches approximately $1,521. The median tax bill for the area stands at $780, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable in Hookerton compared to other regions, offering financial relief to local residents.
Average Hookerton Tax Bill
$780
Average Greene County Tax Bill
$818
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Hookerton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28538 | $329 | $541 | $780 | $1,074 | $1,521 |
Source: Ownwell