Winton, North Carolina Property Taxes
The median property tax rate in Winton, NC is 1.49%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Winton at $48,704, the typical annual property tax bill reaches $645, which is still below the national median of $2,690. Property taxes in Winton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Winton'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 Winton 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
Winton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$726
Ownwell’s Winton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Winton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winton to provide an accurate estimate of your property tax bill. This intuitive tool offers valuable insights into potential tax liabilities, helping you make informed decisions. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is the figure determined by Hertford County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Winton, North Carolina
Property taxes in Winton, 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 Winton is 1.49%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Winton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winton 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 Winton's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27986 has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Winton provides valuable insights into the varying tax landscape across Hertford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winton Tax Rate
1.49%
Average Hertford County Tax Rate
1.29%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27986 | 0.84% | 1.02% | 1.49% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Winton, North Carolina
In Winton, 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 Hertford 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 Winton, 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 Winton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $645 in zip code 27986, which aligns with the lowest median tax bill, indicating a consistent tax rate across the region.
Average Winton Assessed Value
$48,704
Average Hertford County Assessed Value
$63,714
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27986 | $11,112 | $22,323 | $48,704 | $95,750 | $193,362 |
Source: Ownwell
Property Tax Bills Across Winton, North Carolina
In Winton, NC, property tax bills are calculated based on the assessed value of a home, which is determined by Hertford County. The assessed value is typically a percentage of the market value of the property. Homeowners in Winton can expect a median tax bill of $645, which is significantly lower than the national median property tax rate of 0.99%. Factors such as the property's location, size, and condition all play a role in determining its assessed value. For instance, homes in the 25th percentile have tax bills around $290, while those in the 75th percentile see bills of approximately $1167. At the higher end, the 90th percentile tax bill can reach up to $2039. This variance reflects the diverse range of property values within the city. Lower property tax bills can make homeownership more affordable, but they also mean that local governments have less revenue to fund public services, which can impact community resources and infrastructure.
Average Winton Tax Bill
$645
Average Hertford County Tax Bill
$793
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Winton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27986 | $142 | $290 | $645 | $1,167 | $2,039 |
Source: Ownwell