Watha, North Carolina Property Taxes
The median property tax rate in Watha, NC is 0.89%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $83,491 in Watha, the typical annual property tax bill amounts to $692, which is significantly below the national median of $2,690. Property taxes in Watha are calculated based on the assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Watha'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 Watha or another part of Pender County, becoming well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Watha, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$743
Ownwell’s Watha Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Watha with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Watha 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 Watha, North Carolina
Property taxes in Watha, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Watha is 0.89%, slightly below the U.S. national median of 0.99%. Local government entities within Watha set these rates annually, and they can vary significantly across different neighborhoods. Each year, Watha 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 Watha's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28478 has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Watha 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 Watha Tax Rate
0.89%
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 Watha, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28478 | 0.48% | 0.84% | 0.89% | 0.99% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Watha, North Carolina
In Watha, 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 Watha, 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 Watha helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Watha is $83,491, with the highest median tax bill found in zip code 28478, amounting to $692.
Average Watha Assessed Value
$83,491
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 Watha, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28478 | $26,855 | $42,766 | $83,491 | $123,578 | $169,387 |
Source: Ownwell
Property Tax Bills Across Watha, North Carolina
In Watha, 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 Watha is $83,491, and property taxes are levied accordingly. Homeowners can expect their tax bills to vary significantly, with the 25th percentile tax bill at $308 and the 75th percentile reaching up to $1,033. For those at the 90th percentile, tax bills can be as high as $1,299. The calculation involves multiplying the assessed value of the property by the local tax rate, which is influenced by factors like local government budgets and public service funding. These taxes are crucial for maintaining community services such as schools, roads, and emergency services. Compared to the national median property tax rate of 0.99%, Watha's property tax bills reflect the local economic conditions and public service needs. The highest and lowest median tax bills in Watha are both recorded at $692 in the 28478 zip code, indicating a relatively consistent tax environment within that area.
Average Watha Tax Bill
$692
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 Watha, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28478 | $137 | $308 | $692 | $1,033 | $1,299 |
Source: Ownwell