Carolina Shores, North Carolina Property Taxes
The median property tax rate in Carolina Shores, NC is 0.44%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Carolina Shores at $292,140, the typical annual property tax bill reaches $1,249, well below the national median of $2,690. Property taxes in Carolina Shores are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Carolina Shores' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Carolina Shores or another part of Brunswick County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carolina Shores, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.44%
Estimate Property Tax Bill
$1,285
Ownwell’s Carolina Shores Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carolina Shores with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carolina Shores 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 Carolina Shores, North Carolina
Property taxes in Carolina Shores, North Carolina, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Carolina Shores is 0.44%, significantly lower than the U.S. national median of 0.99%. Local government entities within Carolina Shores set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carolina Shores 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 Carolina Shores' effective property tax rate to other counties in North Carolina and the national median. For comparison, the highest median property tax rate in Brunswick County is 0.44% in the 28467 zip code, while the lowest median tax rate is also 0.44% in the same zip code. Understanding how these cities compare with Carolina Shores 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 Carolina Shores Tax Rate
0.44%
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 Carolina Shores, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28467 | 0.40% | 0.42% | 0.44% | 0.47% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Carolina Shores, North Carolina
In Carolina Shores, North Carolina, understanding the difference between "market value" and "assessed value" is essential 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. Assessment notices in Carolina Shores 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 Carolina Shores helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Brunswick County, the highest and lowest median tax bills are both recorded at $1,249 in the 28467 zip code.
Property Tax Assessment Values Across Carolina Shores, North Carolina
Source: Ownwell
$90,960
$529,140
$967,320
Average Carolina Shores Assessed Value
$292,140
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 Carolina Shores, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28467 | $203,895 | $249,178 | $292,140 | $333,425 | $375,700 |
Source: Ownwell
Property Tax Bills Across Carolina Shores, North Carolina
Property tax bills in Carolina Shores, Brunswick County, NC, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and any improvements or additions to the property are considered in the assessment process. For homeowners in Carolina Shores, the median home price is $292,140. The tax bills can vary significantly, with the 25th percentile at $1,048 and the 75th percentile at $1,504. The 90th percentile tax bill reaches up to $1,807, indicating that higher-valued properties can incur more substantial tax obligations. This range highlights the impact of property value on tax bills, which can affect homeowners' annual expenses. The highest and lowest median tax bills in the area are both $1,249, reflecting a consistent tax rate within the zip code 28467. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Carolina Shores Tax Bill
$1,249
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 Carolina Shores, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28467 | $848 | $1,048 | $1,249 | $1,504 | $1,807 |
Source: Ownwell