Pikeville, North Carolina Property Taxes
The median property tax rate in Pikeville, NC is 0.75%, 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 Pikeville at $166,900, the typical annual property tax bill comes to $1,252, significantly below the national median of $2,690. Property taxes in Pikeville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pikeville'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 Pikeville or another part of Johnston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pikeville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$1,252
Ownwell’s Pikeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pikeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pikeville 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 Pikeville, North Carolina
Property taxes in Pikeville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pikeville is 0.75%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Pikeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pikeville 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 Pikeville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27863 zip code has the highest median property tax rate of 0.75%, while the same 27863 zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Pikeville provides valuable insights into the varying tax landscape across Johnston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pikeville Tax Rate
0.75%
Average Johnston County Tax Rate
0.81%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pikeville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27863 | 0.75% | 0.75% | 0.75% | 0.75% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Pikeville, North Carolina
In Pikeville, 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 Johnston 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 Pikeville, 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. The median home price in Pikeville is $166,900, with the 25th percentile tax bill at $1,121 and the 75th percentile tax bill at $1,343. The highest median tax bill is $1,525, found in the 27863 zip code, which also has the lowest median tax bill at $1,252. 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 Pikeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pikeville, North Carolina
Source: Ownwell
$91,150
$173,400
$255,650
Average Pikeville Assessed Value
$166,900
Average Johnston County Assessed Value
$190,250
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pikeville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27863 | $112,620 | $149,490 | $166,900 | $179,130 | $203,280 |
Source: Ownwell
Property Tax Bills Across Pikeville, North Carolina
Property tax bills in Pikeville, located in Johnston County, NC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. In Pikeville, the median home price is $166,900. The local tax rate is applied to this assessed value to calculate the annual property tax bill. Homeowners in Pikeville experience varying tax bills depending on where their property falls within the value spectrum. For example, the tax bill at the 25th percentile is $1,121, while at the 75th percentile, it reaches $1,343. At the 90th percentile, it can go up to $1,525. The highest and lowest median tax bills in the area both stand at $1,252, indicating a relatively uniform distribution of property taxes across different zip codes. Compared to the national median property tax rate of 0.99%, Pikeville's property tax rates are competitive, providing a balanced approach for homeowners in the area. This system ensures that property taxes are equitably distributed, reflecting the market value and maintaining fairness across the community.
Average Pikeville Tax Bill
$1,252
Average Johnston County Tax Bill
$1,676
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pikeville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27863 | $845 | $1,121 | $1,252 | $1,343 | $1,525 |
Source: Ownwell