Manson, North Carolina Property Taxes
The median property tax rate in Manson, NC is 1.02%, slightly higher than the national median of 0.99% and significantly above North Carolina's state median of 0.82%. With a median home value of $94,374 in Manson, the typical annual property tax bill amounts to $971, which is below the national median of $2,690. Property taxes in Manson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Manson'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 Manson 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
Manson, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$963
Ownwell’s Manson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manson 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 Manson, North Carolina
Property taxes in Manson, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manson is 1.02%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Manson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manson 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 Manson's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27553 zip code has the highest median property tax rate of 1.02%, while the 27553 zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Manson provides valuable insights into the varying tax landscape across Vance County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Manson Tax Rate
1.02%
Average Vance County Tax Rate
1.16%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27553 | 0.84% | 0.98% | 1.02% | 1.14% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Manson, North Carolina
In Manson, 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 Vance 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 Manson, 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 Manson 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 27553, with a median tax bill of $971.
Average Manson Assessed Value
$94,374
Average Vance County Assessed Value
$63,100
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Manson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27553 | $31,790 | $54,176 | $94,374 | $207,605 | $344,152 |
Source: Ownwell
Property Tax Bills Across Manson, North Carolina
In Manson, located in Vance County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county tax assessor and reflects the market value of the property. Homeowners in Manson face a property tax rate that is competitive when compared to the national median property tax rate of 0.99%. For a median home price of $94,374, the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $599, while those at the 75th percentile could see tax bills as high as $2,015. For properties in the 90th percentile, tax bills can reach up to $3,334. These variations are influenced by factors such as property improvements, neighborhood developments, and market trends. Understanding how these factors contribute to the overall tax bill is crucial for homeowners. It helps them plan their finances better and potentially explore opportunities for tax exemptions or appeals to reduce their tax burden.
Average Manson Tax Bill
$971
Average Vance County Tax Bill
$757
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Manson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27553 | $348 | $599 | $971 | $2,015 | $3,334 |
Source: Ownwell