Surf City, North Carolina Property Taxes
The median property tax rate in Surf City, NC is 0.74%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $297,921 in Surf City, the typical annual property tax bill amounts to $2,087, falling below the national median of $2,690. Property taxes in Surf City are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Surf City'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 Surf City 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
Surf City, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$2,205
Ownwell’s Surf City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Surf City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Surf City 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 Surf City, North Carolina
Property taxes in Surf City, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Surf City is 0.74%, lower than the U.S. national median of 0.99%. Local government entities within Surf City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Surf City 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 Surf City's effective property tax rate to other areas in North Carolina 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 Surf City 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 Surf City 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 Surf City, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28445 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Surf City, North Carolina
In Surf City, 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 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 Surf City, 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 Surf City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,087, found in the zip code 28445.
Property Tax Assessment Values Across Surf City, North Carolina
Source: Ownwell
$75,914
$253,666
$431,418
Average Surf City Assessed Value
$297,921
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 Surf City, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28445 | $154,249 | $195,921 | $297,921 | $421,168 | $527,929 |
Source: Ownwell
Property Tax Bills Across Surf City, North Carolina
In Surf City, Pender County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Surf City stands at $297,921. Property tax rates are applied to this assessed value to determine the annual tax bill. For Surf City, the median property tax bill is $2,087, aligning with the national median property tax rate of 0.99%. Various factors influence the tax bill, including the assessed value of the property and any applicable exemptions. Homeowners in Surf City can expect tax bills that vary significantly, with the 25th percentile at $1,376 and the 75th percentile at $2,954. At the higher end, the 90th percentile tax bill reaches $3,814. These variations reflect differences in property values and potential exemptions. Understanding how these factors interplay helps homeowners anticipate their financial obligations. Accurate assessments ensure fair tax distribution, impacting homeowners' budget planning and overall financial health.
Average Surf City Tax Bill
$2,087
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 Surf City, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28445 | $1,017 | $1,376 | $2,087 | $2,954 | $3,814 |
Source: Ownwell