Everetts, North Carolina Property Taxes
The median property tax rate in Everetts, NC is 1.29%, significantly higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Everetts at $92,910, the typical annual property tax bill reaches $1,203, surpassing the national median of $2,690. Property taxes in Everetts 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 Everetts' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Everetts or another part of Martin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Everetts, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$1,199
Ownwell’s Everetts Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Everetts with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Everetts 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 Everetts, North Carolina
Property taxes in Everetts, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Everetts is 1.29%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Everetts set these rates annually, and they can vary significantly across different neighborhoods. Each year, Everetts 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 Everetts' effective property tax rate to other areas in North Carolina and the national median. For comparison, the 27825 zip code has both the highest and lowest median property tax rate of 1.29%. Understanding how these cities compare with Everetts provides valuable insights into the varying tax landscape across Martin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Everetts Tax Rate
1.29%
Average Martin County Tax Rate
1.26%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Everetts, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27825 | 1.29% | 1.29% | 1.29% | 1.29% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Everetts, North Carolina
In Everetts, 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 Martin 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 Everetts, 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 Everetts helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1,203, found in the 27825 zip code, which reflects the consistency in property tax assessments across the area.
Average Everetts Assessed Value
$92,910
Average Martin County Assessed Value
$43,060
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Everetts, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27825 | $92,910 | $92,910 | $92,910 | $92,910 | $92,910 |
Source: Ownwell
Property Tax Bills Across Everetts, North Carolina
In Everetts, Martin County, NC, property tax bills are calculated based on the assessed value of the property. The local tax rate is applied to this assessed value to determine the final tax bill. The median home price in Everetts is $92,910, and the property tax rate is 1.29%, which is higher than the national median property tax rate of 0.99%. This results in a typical tax bill of $1,203, a figure that remains consistent across various percentiles, indicating a uniform tax application within the region. Factors such as the property's location, size, and improvements can affect its assessed value, ultimately influencing the tax bill. Higher assessed values lead to higher tax bills, impacting homeowners by increasing their annual expenses. This consistency in tax bills, regardless of property value percentiles, suggests a stable tax environment for residents. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Everetts Tax Bill
$1,203
Average Martin County Tax Bill
$622
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Everetts, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27825 | $1,203 | $1,203 | $1,203 | $1,203 | $1,203 |
Source: Ownwell