Maury, North Carolina Property Taxes
The median property tax rate in Maury, NC is 0.95%, 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 $106,065 in Maury, the typical annual property tax bill is $1,018, which is lower than the national median of $2,690. Property taxes in Maury are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Maury'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 Maury 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
Maury, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$1,008
Ownwell’s Maury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maury 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 Maury, North Carolina
Property taxes in Maury, 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 Maury is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Maury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maury 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 Maury's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28554 zip code has the highest median property tax rate of 0.95%, while the same zip code also has the lowest median tax rate of 0.95%. Understanding how these cities compare with Maury provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maury Tax Rate
0.95%
Average Greene County Tax Rate
0.97%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maury, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28554 | 0.92% | 0.94% | 0.95% | 0.99% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Maury, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Maury, North Carolina. The market value represents 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 local 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 Maury, 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. For instance, the 25th percentile tax bill in Maury is $664, while the 75th percentile tax bill is $1,267. The highest median tax bill is $1,018 in zip code 28554, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Maury Assessed Value
$106,065
Average Greene County Assessed Value
$87,680
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maury, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28554 | $56,407 | $81,082 | $106,065 | $134,552 | $153,621 |
Source: Ownwell
Property Tax Bills Across Maury, North Carolina
In Maury, North Carolina, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Maury can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $664 and the 75th percentile reaching $1267. The 90th percentile tax bill can go up to $1435, indicating a range of tax burdens depending on property values and assessments. Several factors influence the property tax bill, including the property's location, size, and condition. Tax rates set by local government entities are applied to the assessed value to determine the final tax bill. For homeowners, understanding these factors is crucial as they directly impact annual financial obligations. Compared to the national median property tax rate of 0.99%, Maury's tax rates offer a diverse range, making it essential for homeowners to stay informed about local assessments and tax rate changes.
Average Maury Tax Bill
$1,018
Average Greene County Tax Bill
$818
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Maury, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28554 | $458 | $664 | $1,018 | $1,267 | $1,435 |
Source: Ownwell