Pine Level, North Carolina Property Taxes
The median property tax rate in Pine Level, NC is 1.20%, 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 Pine Level at $122,070, the typical annual property tax bill reaches $1,460, exceeding the national median of $2,690. Property taxes in Pine Level 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 Pine Level'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 Pine Level 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
Pine Level, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,465
Ownwell’s Pine Level Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Level with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Level 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 Pine Level, North Carolina
Property taxes in Pine Level, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Level is 1.20%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Pine Level set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Level 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 Pine Level's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27568 zip code has the highest median property tax rate of 1.20%, while the 27568 zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Pine Level 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 Pine Level Tax Rate
1.20%
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 Pine Level, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27568 | 1.17% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Pine Level, North Carolina
In Pine Level, 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. 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 Pine Level helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Pine Level is $1,460 in the 27568 zip code, while the lowest is also $1,460 in the same zip code.
Property Tax Assessment Values Across Pine Level, North Carolina
Source: Ownwell
$91,150
$173,400
$255,650
Average Pine Level Assessed Value
$122,070
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 Pine Level, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27568 | $56,582 | $84,960 | $122,070 | $172,030 | $216,228 |
Source: Ownwell
Property Tax Bills Across Pine Level, North Carolina
In Pine Level, located in Johnston County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Pine Level is $122,070, and the tax rate is applied to this assessed value to determine the annual tax bill. The property tax rate in this area is comparable to the national median property tax rate of 0.99%. Homeowners in Pine Level can expect their tax bills to vary significantly. For example, those at the 25th percentile pay around $943, while those at the 75th percentile face bills closer to $2,057. At the 90th percentile, tax bills can reach up to $2,574. These variations depend on factors like property size, location, and improvements. For homeowners, understanding these factors is crucial, as property taxes directly impact annual expenses. Keeping abreast of local property assessments and potential exemptions can help manage these costs effectively.
Average Pine Level Tax Bill
$1,460
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 Pine Level, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27568 | $602 | $943 | $1,460 | $2,057 | $2,574 |
Source: Ownwell