Vandemere, North Carolina Property Taxes
The median property tax rate in Vandemere, NC is 0.90%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Vandemere at $75,650, the typical annual property tax bill amounts to $703, which is significantly below the national median of $2,690. Property taxes in Vandemere are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Vandemere's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Vandemere or another part of Pamlico County, getting a grasp on the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vandemere, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$681
Ownwell’s Vandemere Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Vandemere with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vandemere to provide an accurate estimate of 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 Pamlico County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Vandemere, North Carolina
Property taxes in Vandemere, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vandemere is 0.90%, slightly lower than the U.S. national median of 0.99%. Local government entities within Vandemere set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vandemere 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 Vandemere's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28587 zip code has both the highest and lowest median property tax rate of 0.90%. Understanding how these areas compare with Vandemere provides valuable insights into the varying tax landscape across Pamlico County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vandemere Tax Rate
0.90%
Average Pamlico County Tax Rate
0.69%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vandemere, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28587 | 0.68% | 0.81% | 0.90% | 0.91% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Vandemere, North Carolina
In Vandemere, 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 Pamlico 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 Vandemere, 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 Vandemere helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $703 in the 28587 zip code, which is also the lowest median tax bill recorded.
Property Tax Assessment Values Across Vandemere, North Carolina
Source: Ownwell
$7,506
$116,946
$226,386
Average Vandemere Assessed Value
$75,650
Average Pamlico County Assessed Value
$145,305
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vandemere, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28587 | $24,211 | $43,169 | $75,650 | $149,022 | $290,922 |
Source: Ownwell
Property Tax Bills Across Vandemere, North Carolina
In Vandemere, Pamlico County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county's tax assessor and reflects the property's market value. Homeowners in Vandemere can expect their property tax bills to vary significantly depending on their home's assessed value and the specific tax rate applied by local authorities. For instance, the median home price in Vandemere is $75,650. Property tax bills in the area range from the 25th percentile at $356 to the 90th percentile at $2,550, with the median tax bill being $703. This means that while some homeowners may pay as little as $356 annually, others could see bills as high as $2,550, depending on their property's value. These property taxes fund essential community services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Vandemere's rates demonstrate the variability in tax burdens that homeowners can experience based on local assessments and property values.
Average Vandemere Tax Bill
$703
Average Pamlico County Tax Bill
$1,045
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Vandemere, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28587 | $201 | $356 | $703 | $1,340 | $2,550 |
Source: Ownwell