Ennice, North Carolina Property Taxes
The median property tax rate in Ennice, NC is 0.55%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Ennice at $119,330, the typical annual property tax bill amounts to $659, well below the national median of $2,690. Property taxes in Ennice are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ennice'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 Ennice or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ennice, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$656
Ownwell’s Ennice Property Tax Bill Calculator is an essential tool for any homeowner, real estate investor, or potential buyer looking to estimate their annual property taxes in Ennice. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Ennice to provide an accurate estimate of your property tax bill. This valuable resource helps you better understand your potential tax liabilities. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Ennice, North Carolina
Property taxes in Ennice, 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 Ennice is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Ennice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ennice 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 Ennice's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28623 has both the highest and lowest median property tax rate of 0.55%. Understanding how these areas compare with Ennice provides valuable insights into the varying tax landscape across Surry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ennice Tax Rate
0.55%
Average Surry County Tax Rate
0.55%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ennice, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28623 | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Ennice, North Carolina
In Ennice, 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 Surry 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 Ennice, 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. For instance, the median home price in Ennice is $119,330, and the median tax bill is consistently $659, with zip code 28623 having the highest and lowest median tax bills at $659. 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 Ennice helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ennice Assessed Value
$119,330
Average Surry County Assessed Value
$114,900
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ennice, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28623 | $119,330 | $119,330 | $119,330 | $119,330 | $119,330 |
Source: Ownwell
Property Tax Bills Across Ennice, North Carolina
In Ennice, located in Surry County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county's property assessor and reflects the estimated market value of the property. The tax rate is then applied to this assessed value to determine the tax bill. For homeowners in Ennice, the median home price is $119,330, and the property tax rate is significantly lower than the national median of 0.99%. This results in a median tax bill of $659, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. Factors such as property improvements, changes in market conditions, and local government budgets can influence the assessed value and, consequently, the tax bill. For homeowners, understanding these factors is crucial as they directly impact annual expenses. Lower property tax rates in Ennice provide a financial advantage, making homeownership more affordable compared to regions with higher tax rates.
Average Ennice Tax Bill
$659
Average Surry County Tax Bill
$544
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Ennice, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28623 | $659 | $659 | $659 | $659 | $659 |
Source: Ownwell