East Bend, North Carolina Property Taxes
The median property tax rate in East Bend, NC is 0.74%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in East Bend at $149,751, the typical annual property tax bill is approximately $1,249, significantly below the national median of $2,690. Property taxes in East Bend are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding East Bend'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 East Bend 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
East Bend, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,108
Ownwell’s East Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Bend 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 East Bend, North Carolina
Property taxes in East Bend, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Bend is 0.74%, lower than the U.S. national median of 0.99%. Local government entities within East Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Bend 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 East Bend's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27018 zip code has the highest median property tax rate of 0.74%, while the 27018 zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with East Bend provides valuable insights into the varying tax landscape across Yadkin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Bend Tax Rate
0.74%
Average Yadkin County Tax Rate
0.74%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Bend, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27018 | 0.58% | 0.72% | 0.74% | 0.78% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across East Bend, North Carolina
In East Bend, 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 Yadkin 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 East Bend, 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. The median home price in East Bend is $149,751, with tax bills ranging from $724 at the 25th percentile to $2,479 at the 90th percentile. The zip code 27018 has the highest and lowest median tax bill at $1,249. 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 East Bend, North Carolina
Source: Ownwell
$114,852
$182,286
$249,719
Average East Bend Assessed Value
$149,751
Average Yadkin County Assessed Value
$133,219
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Bend, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27018 | $12,087 | $67,126 | $149,751 | $236,090 | $335,855 |
Source: Ownwell
Property Tax Bills Across East Bend, North Carolina
In East Bend, Yadkin County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price here is $149,751. Homeowners' tax bills can vary widely, influenced by factors such as property size, location, and improvements. For instance, the 25th percentile tax bill is around $724, while the 75th percentile tax bill can reach $1,807. At the higher end, the 90th percentile tax bill is about $2,479. These figures reflect how property taxes can impact homeowners differently based on their property's assessed value. In comparison to the national median property tax rate of 0.99%, East Bend's property taxes provide a useful benchmark for understanding local tax burdens. The highest and lowest median tax bills in the area are both $1,249, indicating a relatively consistent tax environment within the zip code 27018. This consistency offers homeowners a predictable financial landscape, essential for long-term budgeting and financial planning.
Average East Bend Tax Bill
$1,249
Average Yadkin County Tax Bill
$1,085
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across East Bend, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27018 | $459 | $724 | $1,249 | $1,807 | $2,479 |
Source: Ownwell