Holly Ridge, North Carolina Property Taxes
The median property tax rate in Holly Ridge, NC is 0.74%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Holly Ridge at $371,880, the typical annual property tax bill is $2,683, just below the national median of $2,690. Property taxes in Holly Ridge are based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Holly Ridge'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 Holly Ridge 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
Holly Ridge, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$2,752
Ownwell’s Holly Ridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holly Ridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holly Ridge 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 Holly Ridge, North Carolina
Property taxes in Holly Ridge, 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 Holly Ridge is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Holly Ridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holly Ridge 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 Holly Ridge's effective property tax rate to other areas in Pender County and the national median. For comparison, the zip code 28445 has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these areas compare with Holly Ridge provides valuable insights into the varying tax landscape across Pender County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holly Ridge Tax Rate
0.74%
Average Pender County Tax Rate
0.88%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holly Ridge, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28445 | 0.73% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Holly Ridge, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Holly Ridge, NC. 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 Pender 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 Holly Ridge, 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. For example, in zip code 28445, the median tax bill is $2,683. Being aware of these valuation processes in Holly Ridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Holly Ridge, North Carolina
Source: Ownwell
$75,914
$253,666
$431,418
Average Holly Ridge Assessed Value
$371,880
Average Pender County Assessed Value
$183,803
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holly Ridge, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28445 | $167,717 | $265,581 | $371,880 | $517,905 | $644,621 |
Source: Ownwell
Property Tax Bills Across Holly Ridge, North Carolina
In HOLLY RIDGE, located in Pender County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $371,880, which significantly influences the tax bill. Homeowners in HOLLY RIDGE can expect their property tax bills to vary widely. For instance, the tax bill at the 25th percentile is approximately $1,758, while at the 75th percentile, it rises to around $3,811. The 90th percentile sees even higher tax bills, reaching up to $4,742. The assessed value of a property is determined by the local tax assessor and is meant to reflect the market value of the home. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. These taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the tax rates in HOLLY RIDGE can significantly impact homeowners' finances, making it essential to understand how these bills are calculated.
Average Holly Ridge Tax Bill
$2,683
Average Pender County Tax Bill
$1,515
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Holly Ridge, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28445 | $460 | $1,758 | $2,683 | $3,811 | $4,742 |
Source: Ownwell