Swansboro, North Carolina Property Taxes
The median property tax rate in Swansboro, NC is 1.00%, slightly higher than the national median of 0.99% and significantly above the North Carolina state median of 0.82%. With a median home value of $261,354 in Swansboro, the typical annual property tax bill reaches $2,312, which is below the national median of $2,690. Property taxes in Swansboro are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Swansboro'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 Swansboro 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
Swansboro, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$2,614
Ownwell’s Swansboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Swansboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Swansboro 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 Swansboro, North Carolina
Property taxes in Swansboro, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Swansboro is 1.00%, slightly higher than the U.S. national median of 0.99%. Local government entities within Swansboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Swansboro 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 Swansboro's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28584 zip code has the highest median property tax rate of 1.00%, while the same zip code also has the lowest median tax rate of 1.00%. Understanding how these cities compare with Swansboro provides valuable insights into the varying tax landscape across Onslow County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Swansboro Tax Rate
1.00%
Average Onslow County Tax Rate
0.66%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Swansboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28584 | 0.65% | 0.66% | 1.00% | 1.01% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Swansboro, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Swansboro, North Carolina. 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 local authorities 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 Swansboro, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Swansboro, the median home price is $261,354, with the highest median tax bill at $2,312 in zip code 28584.
Property Tax Assessment Values Across Swansboro, North Carolina
Source: Ownwell
$90,896
$331,440
$571,984
Average Swansboro Assessed Value
$261,354
Average Onslow County Assessed Value
$189,006
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Swansboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28584 | $105,485 | $171,171 | $261,354 | $347,286 | $451,579 |
Source: Ownwell
Property Tax Bills Across Swansboro, North Carolina
In Swansboro, Onslow County, NC, property tax bills are determined based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is influenced by factors like property size, location, and condition. Homeowners in Swansboro can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,475, while the 75th percentile reaches $3,150, and the 90th percentile climbs to $3,794. Compared to the national median property tax rate of 0.99%, Swansboro's tax rates can result in substantial differences in annual bills. The highest median tax bill in Swansboro's zip code 28584 is $2,312, the same as the lowest median tax bill, indicating a uniformity in the tax rates within this zip code. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. For homeowners, understanding these factors helps in planning and budgeting for annual property expenses.
Average Swansboro Tax Bill
$2,312
Average Onslow County Tax Bill
$1,414
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Swansboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28584 | $845 | $1,475 | $2,312 | $3,150 | $3,794 |
Source: Ownwell