Emporia, North Carolina Property Taxes
The median property tax rate in Emporia, NC is 1.03%, slightly higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Emporia, the typical annual property tax bill reaches $1,824, which is below the national median of $2,690. Property taxes in Emporia 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 Emporia'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 Emporia or another part of Northampton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Emporia, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,826
Ownwell’s Emporia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Emporia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Emporia 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 Emporia, North Carolina
Property taxes in Emporia, 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 Emporia is 1.03%, higher than the U.S. national median of 0.99%. Local government entities within Emporia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Emporia 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 Emporia's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 23847 zip code has both the highest and lowest median property tax rate of 1.03%. Understanding how these areas compare with Emporia provides valuable insights into the varying tax landscape across Northampton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Emporia Tax Rate
1.03%
Average Northampton County Tax Rate
1.04%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Emporia, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23847 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Emporia, North Carolina
In Emporia, 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 Northampton 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 Emporia, 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 Emporia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 23847 at $1,824, which is also the lowest median tax bill in the area.
Average Emporia Assessed Value
$177,301
Average Northampton County Assessed Value
$67,893
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Emporia, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23847 | $177,301 | $177,301 | $177,301 | $177,301 | $177,301 |
Source: Ownwell
Property Tax Bills Across Emporia, North Carolina
In Emporia, located in Northampton County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. In Emporia, the median home price is $177,301, and homeowners can expect a median property tax bill of $1,824. This figure is consistent across different percentiles, indicating a stable tax rate in the area. The tax bill is influenced by various factors including property size, location, and any improvements made to the property. For homeowners, these property taxes fund essential public services such as schools, emergency services, and infrastructure. Although the median property tax rate in Emporia is higher than the national median of 0.99%, it ensures that the community benefits from well-maintained public resources and services.
Average Emporia Tax Bill
$1,824
Average Northampton County Tax Bill
$808
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Emporia, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 23847 | $1,824 | $1,824 | $1,824 | $1,824 | $1,824 |
Source: Ownwell