Salemburg, North Carolina Property Taxes
The median property tax rate in Salemburg, NC is 0.93%, 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 $85,753 in Salemburg, the typical annual property tax bill amounts to $791, which is significantly below the national median of $2,690. Property taxes in Salemburg are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Salemburg'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 Salemburg or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Salemburg, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$798
Ownwell’s Salemburg Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Salemburg with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Salemburg 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 Salemburg, North Carolina
Property taxes in Salemburg, 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 Salemburg is 0.93%, which is slightly below the U.S. national median of 0.99%. Local government entities within Salemburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Salemburg 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 Salemburg's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28385, which includes Salemburg, has the highest median property tax rate of 0.93%, as well as the lowest median tax rate of 0.93%. Understanding how these cities compare with Salemburg provides valuable insights into the varying tax landscape across Sampson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Salemburg Tax Rate
0.93%
Average Sampson County Tax Rate
0.92%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Salemburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28385 | 0.89% | 0.92% | 0.93% | 0.93% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Salemburg, North Carolina
In Salemburg, 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 Sampson 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 Salemburg, 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 Salemburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 28385, with a median tax bill of $791.
Property Tax Assessment Values Across Salemburg, North Carolina
Source: Ownwell
$57,254
$195,731
$334,207
Average Salemburg Assessed Value
$85,753
Average Sampson County Assessed Value
$85,659
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Salemburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28385 | $30,000 | $48,183 | $85,753 | $152,482 | $242,707 |
Source: Ownwell
Property Tax Bills Across Salemburg, North Carolina
In Salemburg, property tax bills are calculated based on the assessed value of a property, which is determined by the Sampson County tax assessor. This assessed value is then multiplied by the local tax rate to generate the annual tax bill. For homeowners in Salemburg, the median home price is $85,753. Property tax bills can vary significantly, with the 25th percentile tax bill at $439 and the 75th percentile tax bill at $1,387. The 90th percentile tax bill can reach up to $2,252. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Salemburg's rates can be considered moderate. Homeowners should be aware that higher assessed values or changes in local tax rates can lead to increased tax bills. Understanding these factors helps homeowners budget for their annual property taxes and potentially seek exemptions or appeals if they believe their property is over-assessed.
Average Salemburg Tax Bill
$791
Average Sampson County Tax Bill
$790
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Salemburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28385 | $268 | $439 | $791 | $1,387 | $2,252 |
Source: Ownwell