Black Creek, North Carolina Property Taxes
The median property tax rate in Black Creek, NC, is 1.39%, significantly higher than both the national median of 0.99% and North Carolina's state median of 0.82%. With the median home value in Black Creek at $77,232, the typical annual property tax bill reaches $1,038, surpassing the national median of $2,690. Property taxes in Black Creek 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 Black Creek'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 Black Creek 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
Black Creek, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$1,074
Ownwell’s Black Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Black Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Black Creek 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 Black Creek, North Carolina
Property taxes in Black Creek, 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 Black Creek is 1.39%, significantly higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Black Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Black Creek 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 Black Creek's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27813 has both the highest and lowest median property tax rate of 1.39%. Understanding how these cities compare with Black Creek provides valuable insights into the varying tax landscape across Wilson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Black Creek Tax Rate
1.39%
Average Wilson County Tax Rate
1.30%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Black Creek, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27813 | 0.90% | 1.38% | 1.39% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Black Creek, North Carolina
In Black Creek, 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 Wilson 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 Black Creek, 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. Black Creek's median home price is $77,232, with tax bills ranging from $838 at the 25th percentile to $1,588 at the 90th percentile. The zip code 27813 has both the highest and lowest median tax bill at $1,038. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Black Creek, North Carolina
Source: Ownwell
$66,768
$107,800
$148,831
Average Black Creek Assessed Value
$77,232
Average Wilson County Assessed Value
$97,889
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Black Creek, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27813 | $44,812 | $64,484 | $77,232 | $97,177 | $115,682 |
Source: Ownwell
Property Tax Bills Across Black Creek, North Carolina
In Black Creek, Wilson County, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is evaluated periodically by county officials. For instance, with a median home price of $77,232, homeowners can expect their tax bills to vary significantly based on their property's assessed value and location within the county. Factors influencing the tax bill include property size, improvements, and market trends. Tax bills in Black Creek range from the 25th percentile at $838 to the 90th percentile at $1,588. The median tax bill stands at $1,038, aligning with the highest and lowest median tax bills in the zip code 27813. Compared to the national median property tax rate of 0.99%, homeowners in Black Creek experience a diverse range of tax obligations, impacting their annual financial planning and homeownership costs.
Average Black Creek Tax Bill
$1,038
Average Wilson County Tax Bill
$1,033
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Black Creek, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27813 | $521 | $838 | $1,038 | $1,281 | $1,588 |
Source: Ownwell