Kenansville, North Carolina Property Taxes
The median property tax rate in Kenansville, NC is 0.97%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $74,000 in Kenansville, the typical annual property tax bill amounts to $774, which is significantly lower than the national median of $2,690. Property taxes in Kenansville are determined based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding the intricacies of Kenansville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kenansville or another part of Duplin County, gaining a comprehensive understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kenansville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$718
Ownwell’s Kenansville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kenansville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kenansville 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 Kenansville, North Carolina
Property taxes in Kenansville, 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 Kenansville is 0.97%, closely aligning with the North Carolina state median and slightly below the U.S. national median of 0.99%. Local government entities within Kenansville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenansville 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 Kenansville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28349 has both the highest and lowest median property tax rate of 0.97%. Understanding how these areas compare with Kenansville provides valuable insights into the varying tax landscape across Duplin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kenansville Tax Rate
0.97%
Average Duplin County Tax Rate
0.96%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kenansville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28349 | 0.79% | 0.88% | 0.97% | 1.23% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Kenansville, North Carolina
In Kenansville, 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 Duplin 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 Kenansville, 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. The median home price in Kenansville is $74,000, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $512, while the 75th percentile tax bill is $1,334, and the 90th percentile tax bill reaches $2,024. 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 Kenansville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kenansville, North Carolina
Source: Ownwell
$61,300
$73,650
$86,000
Average Kenansville Assessed Value
$74,000
Average Duplin County Assessed Value
$70,400
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kenansville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28349 | $19,400 | $46,275 | $74,000 | $120,875 | $200,160 |
Source: Ownwell
Property Tax Bills Across Kenansville, North Carolina
In Kenansville, located in Duplin County, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in Kenansville is $74,000, which serves as a baseline for tax calculations. Local authorities assess property values annually to ensure they reflect current market conditions. The property tax rate in Kenansville is compared to the national median property tax rate of 0.99%. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. For instance, homeowners in the 25th percentile pay around $512 annually, while those in the 75th percentile face tax bills of approximately $1,334. At the 90th percentile, the tax bill can reach up to $2,024. The highest and lowest median tax bills in the area are both $774, indicating a relatively consistent tax rate across different properties. This system ensures that property taxes are fairly distributed, impacting homeowners based on the assessed value of their properties.
Average Kenansville Tax Bill
$774
Average Duplin County Tax Bill
$757
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Kenansville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28349 | $326 | $512 | $774 | $1,334 | $2,024 |
Source: Ownwell