Marshallberg, North Carolina Property Taxes
The median property tax rate in Marshallberg, NC is 0.65%, which is 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 Marshallberg at $127,009, the typical annual property tax bill reaches $818, falling well below the national median of $2,690. Property taxes in Marshallberg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Marshallberg'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 Marshallberg 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
Marshallberg, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$826
Ownwell’s Marshallberg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marshallberg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marshallberg 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 Marshallberg, North Carolina
Property taxes in Marshallberg, 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 Marshallberg is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Marshallberg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marshallberg 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 Marshallberg's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28553 has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Marshallberg provides valuable insights into the varying tax landscape across Carteret County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marshallberg Tax Rate
0.65%
Average Carteret County Tax Rate
0.55%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marshallberg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28553 | 0.56% | 0.59% | 0.65% | 0.72% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Marshallberg, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Marshallberg, NC. 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 Carteret 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 Marshallberg, 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 Marshallberg is $127,009, with tax bills ranging from $606 at the 25th percentile to $1,966 at the 90th percentile. The zip code 28553 holds both the highest and lowest median tax bills at $818. 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 Marshallberg, North Carolina
Source: Ownwell
$70,790
$314,164
$557,538
Average Marshallberg Assessed Value
$127,009
Average Carteret County Assessed Value
$225,462
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marshallberg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28553 | $50,684 | $88,524 | $127,009 | $198,422 | $314,866 |
Source: Ownwell
Property Tax Bills Across Marshallberg, North Carolina
In Marshallberg, located in Carteret County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county's tax assessor and reflects the market value of the property. Homeowners in Marshallberg can expect their tax bills to vary significantly depending on their property's assessed value. For instance, the 25th percentile tax bill is around $606, while the 75th percentile tax bill reaches up to $1,238. The highest median tax bill in the area is $818, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property location, size, and market conditions. These taxes fund essential local services such as schools, emergency services, and infrastructure maintenance. Homeowners should be aware that fluctuations in property market values can lead to changes in their tax assessments, impacting their annual tax obligations. Understanding these factors can help homeowners better anticipate and manage their property tax expenses.
Average Marshallberg Tax Bill
$818
Average Carteret County Tax Bill
$1,125
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshallberg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28553 | $433 | $606 | $818 | $1,238 | $1,966 |
Source: Ownwell