Bridgeton, North Carolina Property Taxes
The median property tax rate in Bridgeton, NC is 0.98%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $162,260 in Bridgeton, the typical annual property tax bill amounts to $1,737, which is below the national median of $2,690. Property taxes in Bridgeton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Bridgeton'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 Bridgeton 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
Bridgeton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,590
Ownwell’s Bridgeton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bridgeton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bridgeton 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 Bridgeton, North Carolina
Property taxes in Bridgeton, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bridgeton is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Bridgeton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bridgeton 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 Bridgeton's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28519 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Bridgeton provides valuable insights into the varying tax landscape across Craven County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bridgeton Tax Rate
0.98%
Average Craven County Tax Rate
0.66%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bridgeton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28519 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Bridgeton, North Carolina
In Bridgeton, 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 Craven 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 Bridgeton, 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 Bridgeton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 28519, with a median tax bill of $1,737.
Property Tax Assessment Values Across Bridgeton, North Carolina
Source: Ownwell
$106,165
$346,580
$586,995
Average Bridgeton Assessed Value
$162,260
Average Craven County Assessed Value
$192,005
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bridgeton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28519 | $55,368 | $99,540 | $162,260 | $223,640 | $326,642 |
Source: Ownwell
Property Tax Bills Across Bridgeton, North Carolina
Property tax bills in Bridgeton, 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. For homeowners in Bridgeton, the median home price is $162,260, and property tax bills can vary significantly. At the 25th percentile, tax bills are around $959, while at the 75th percentile, they rise to $2,197. The highest tax bills, at the 90th percentile, can reach up to $2,943. Several factors influence these tax bills, including property size, location, and improvements made to the property. The tax rate in Bridgeton is influenced by the funding needs of local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Bridgeton's tax rates can significantly impact homeowners, especially those with properties at higher assessed values. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Bridgeton Tax Bill
$1,737
Average Craven County Tax Bill
$1,328
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Bridgeton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28519 | $591 | $959 | $1,737 | $2,197 | $2,943 |
Source: Ownwell