Elizabethtown, North Carolina Property Taxes
The median property tax rate in Elizabethtown, NC is 0.79%, 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 Elizabethtown, the typical annual property tax bill reaches $658, significantly below the national median of $2,690. Property taxes in Elizabethtown 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 Elizabethtown'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 Elizabethtown 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
Elizabethtown, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$646
Ownwell’s Elizabethtown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elizabethtown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elizabethtown 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 Elizabethtown, North Carolina
Property taxes in Elizabethtown, 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 Elizabethtown is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Elizabethtown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elizabethtown 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 Elizabethtown's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28337 has both the highest and lowest median property tax rate of 0.79%. Understanding how these areas compare with Elizabethtown provides valuable insights into the varying tax landscape across Bladen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elizabethtown Tax Rate
0.79%
Average Bladen County Tax Rate
0.84%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elizabethtown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28337 | 0.78% | 0.78% | 0.79% | 0.88% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Elizabethtown, North Carolina
In Elizabethtown, 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 Bladen 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 Elizabethtown, 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 Elizabethtown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Elizabethtown is $81,808, with the highest and lowest median tax bills both being $658 in the 28337 zip code.
Property Tax Assessment Values Across Elizabethtown, North Carolina
Source: Ownwell
$41,082
$97,728
$154,373
Average Elizabethtown Assessed Value
$81,808
Average Bladen County Assessed Value
$73,187
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elizabethtown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28337 | $11,234 | $32,302 | $81,808 | $149,846 | $244,957 |
Source: Ownwell
Property Tax Bills Across Elizabethtown, North Carolina
In Elizabethtown, Bladen County, NC, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $81,808. To determine the tax bill, the assessed value is multiplied by the local property tax rate. Factors influencing the tax bill include the property's location, size, and any improvements made. Homeowners in Elizabethtown can expect a range of tax bills; the 25th percentile tax bill is $249, while the 75th percentile reaches $1,220, and the 90th percentile climbs to $1,991. The highest and lowest median tax bills in the area are both $658, found in the 28337 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Elizabethtown may find their tax bills to be relatively manageable, depending on their property’s assessed value and specific circumstances. These property taxes fund essential community services, including schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Elizabethtown Tax Bill
$658
Average Bladen County Tax Bill
$591
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Elizabethtown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28337 | $87 | $249 | $658 | $1,220 | $1,991 |
Source: Ownwell