Manson, North Carolina Property Taxes
The median property tax rate in Manson, NC is 0.99%, aligning with the national median but higher than the North Carolina state median of 0.82%. With a median home value of $85,694 in Manson, the typical annual property tax bill is $806, which is significantly lower than the national median of $2,690. Property taxes in Manson are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Manson'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 Manson or another part of Warren County, grasping 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
0.99%
Estimate Property Tax Bill
$848
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Manson is 0.99%, aligning with 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 zip code 27553 has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Manson provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Manson Tax Rate
0.99%
Average Warren County Tax Rate
0.98%
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 | 0.69% | 0.90% | 0.99% | 1.13% | 1.26% |
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 Warren 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 median home price in the area is $85,694, with tax bills ranging from $484 at the 25th percentile to $2,347 at the 90th percentile. Notably, the zip code 27553 has both the highest and lowest median tax bill at $806.
Average Manson Assessed Value
$85,694
Average Warren County Assessed Value
$84,230
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 | $24,704 | $46,179 | $85,694 | $172,495 | $259,120 |
Source: Ownwell
Property Tax Bills Across Manson, North Carolina
In Manson, located in Warren County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors who evaluate the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the property tax bill. For instance, with the median home price in Manson being $85,694, homeowners can expect a range of tax bills depending on their property's value. The 25th percentile tax bill is around $484, while the 75th percentile reaches $1,572, and the 90th percentile goes up to $2,347. These tax bills can significantly impact homeowners, with even the lowest median tax bill in the area being $806. Comparatively, the national median property tax rate is 0.99%, which can provide some perspective on how local rates align with broader trends. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Manson Tax Bill
$806
Average Warren County Tax Bill
$857
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 | $267 | $484 | $806 | $1,572 | $2,347 |
Source: Ownwell