Poplar Branch, North Carolina Property Taxes
The median property tax rate in Poplar Branch, NC is 0.69%, 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 Poplar Branch at $154,000, the typical annual property tax bill is $1,050, which is below the national median of $2,690. Property taxes in Poplar Branch 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 Poplar Branch'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 Poplar Branch or another part of Currituck County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Poplar Branch, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,063
Ownwell’s Poplar Branch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Poplar Branch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Poplar Branch 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 Poplar Branch, North Carolina
Property taxes in Poplar Branch, 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 Poplar Branch is 0.69%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Poplar Branch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poplar Branch 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 Poplar Branch's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27965 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Poplar Branch provides valuable insights into the varying tax landscape across Currituck County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Poplar Branch Tax Rate
0.69%
Average Currituck County Tax Rate
0.71%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poplar Branch, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27965 | 0.56% | 0.60% | 0.69% | 0.77% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Poplar Branch, North Carolina
In Poplar Branch, 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 Currituck 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 Poplar Branch, 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 Poplar Branch helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 27965 has both the highest and lowest median tax bill at $1,050, which is above the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Poplar Branch, North Carolina
Source: Ownwell
$97,200
$300,600
$504,000
Average Poplar Branch Assessed Value
$154,000
Average Currituck County Assessed Value
$330,900
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Poplar Branch, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27965 | $56,960 | $98,650 | $154,000 | $228,525 | $374,710 |
Source: Ownwell
Property Tax Bills Across Poplar Branch, North Carolina
In Poplar Branch, Currituck County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $154,000. Homeowners in Poplar Branch can expect their tax bills to vary depending on several factors, including the assessed value of their property and the specific tax rate applied by local authorities. For instance, the 25th percentile tax bill is $743, while the 75th percentile tax bill is $1,514. At the 90th percentile, the tax bill can reach up to $2,090. These property tax bills are influenced by the county's median tax rate, which is compared against the national median property tax rate of 0.99%. Homeowners should be aware that higher assessed property values and local tax rates can significantly impact their annual tax obligations. Understanding these factors can help homeowners in Poplar Branch better anticipate their property tax responsibilities and plan accordingly.
Average Poplar Branch Tax Bill
$1,050
Average Currituck County Tax Bill
$2,308
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Poplar Branch, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27965 | $428 | $743 | $1,050 | $1,514 | $2,090 |
Source: Ownwell