Winnabow, North Carolina Property Taxes
The median property tax rate in Winnabow, NC is 0.52%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $313,420 in Winnabow, the typical annual property tax bill amounts to $1,545, significantly below the national median of $2,690. Property taxes in Winnabow are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Navigating Winnabow's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Understanding the local property tax system is beneficial for both homeowners and real estate investors, whether you're situated in the heart of Winnabow or elsewhere in Brunswick County.
Last Updated June 14, 2024
Winnabow, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$1,630
Ownwell’s Winnabow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winnabow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winnabow 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 Winnabow, North Carolina
Property taxes in Winnabow, 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 Winnabow is 0.52%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Winnabow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winnabow 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 Winnabow's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28479 has both the highest and lowest median property tax rate of 0.52%. Understanding how these areas compare with Winnabow 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 Winnabow Tax Rate
0.52%
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 Winnabow, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28479 | 0.41% | 0.48% | 0.52% | 0.57% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Winnabow, North Carolina
In Winnabow, 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 Winnabow, 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 Winnabow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Winnabow is $1545, both in the zip code 28479. The 25th percentile tax bill is $778, the 75th percentile is $2085, and the 90th percentile is $2549.
Property Tax Assessment Values Across Winnabow, North Carolina
Source: Ownwell
$90,960
$529,140
$967,320
Average Winnabow Assessed Value
$313,420
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 Winnabow, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28479 | $83,414 | $178,790 | $313,420 | $385,690 | $444,800 |
Source: Ownwell
Property Tax Bills Across Winnabow, North Carolina
In Winnabow, Brunswick County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Winnabow can expect their property tax bills to vary significantly depending on their property's assessed value and the applicable tax rate. For instance, the median home price in Winnabow is $313,420. Property tax bills in this area range widely, with the 25th percentile paying around $778 and the 75th percentile facing bills up to $2,085. Those in the 90th percentile could see tax bills as high as $2,549. The median tax bill in the area stands at $1,545, which is notably lower than the national median property tax rate of 0.99%. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners need to budget accordingly, as these taxes can significantly impact annual expenses.
Average Winnabow Tax Bill
$1,545
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 Winnabow, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28479 | $414 | $778 | $1,545 | $2,085 | $2,549 |
Source: Ownwell