Calabash, North Carolina Property Taxes
The median property tax rate in Calabash, NC is 0.40%, significantly lower than both the national median of 0.99% and North Carolina’s state median of 0.82%. With a median home value of $300,500 in Calabash, the typical annual property tax bill amounts to $1,095, which is well below the national median of $2,690. Property taxes in Calabash are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Calabash'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 Calabash or another part of Brunswick County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Calabash, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,202
Ownwell’s Calabash Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calabash with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calabash 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 Calabash, North Carolina
Property taxes in Calabash, 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 Calabash is 0.40%, significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Calabash set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calabash 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 Calabash's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28467 zip code in Brunswick County has the highest median property tax rate of 0.40%, while the same zip code also has the lowest median tax rate of 0.40%. Understanding how these cities compare with Calabash provides valuable insights into the varying tax landscape across Brunswick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calabash Tax Rate
0.40%
Average Brunswick County Tax Rate
0.43%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calabash, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28467 | 0.28% | 0.34% | 0.40% | 0.46% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Calabash, North Carolina
In Calabash, 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 Brunswick 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 Calabash, 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 Calabash helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Calabash is $300,500, with tax bills ranging from $719 at the 25th percentile to $2,171 at the 90th percentile. The zip code 28467 has both the highest and lowest median tax bill at $1,095.
Property Tax Assessment Values Across Calabash, North Carolina
Source: Ownwell
$90,960
$529,140
$967,320
Average Calabash Assessed Value
$300,500
Average Brunswick County Assessed Value
$338,175
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calabash, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28467 | $143,946 | $227,755 | $300,500 | $399,160 | $494,086 |
Source: Ownwell
Property Tax Bills Across Calabash, North Carolina
In Calabash, Brunswick County, NC, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and is intended to reflect the market value of your property. Once the assessed value is established, it is multiplied by the local tax rate to determine your annual property tax bill. For example, with a median home price of $300,500, homeowners can expect a varied range in their tax bills. The 25th percentile tax bill is around $719, while the 75th percentile reaches $1,710, and the 90th percentile can go up to $2,171. This means that even within the same area, tax bills can differ significantly based on property values and specific assessments. Comparatively, the national median property tax rate is 0.99%, highlighting that local rates and assessed values can substantially impact what homeowners pay. Understanding these factors can help homeowners in Calabash better anticipate their property tax obligations.
Average Calabash Tax Bill
$1,095
Average Brunswick County Tax Bill
$1,377
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Calabash, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28467 | $353 | $719 | $1,095 | $1,710 | $2,171 |
Source: Ownwell