Middlesex, North Carolina Property Taxes
The median property tax rate in Middlesex, NC is 0.96%, 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 $84,950 in Middlesex, the typical annual property tax bill amounts to $808, which is significantly lower than the national median of $2,690. Property taxes in Middlesex are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Middlesex'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 Middlesex or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Middlesex, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$816
Ownwell’s Middlesex Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Middlesex with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Middlesex to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Middlesex, North Carolina
Property taxes in Middlesex, NC, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middlesex is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Middlesex set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middlesex 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 Middlesex's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27557 has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Middlesex provides valuable insights into the varying tax landscape across Nash County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Middlesex Tax Rate
0.96%
Average Nash County Tax Rate
0.72%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middlesex, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27557 | 0.77% | 0.87% | 0.96% | 1.23% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Middlesex, North Carolina
In Middlesex, 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 Nash 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. 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 Middlesex helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Middlesex is $84,950, with tax bills ranging from $578 at the 25th percentile to $1,956 at the 90th percentile. The highest and lowest median tax bills are both $808 in the 27557 zip code.
Property Tax Assessment Values Across Middlesex, North Carolina
Source: Ownwell
$29,310
$100,405
$171,500
Average Middlesex Assessed Value
$84,950
Average Nash County Assessed Value
$102,010
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Middlesex, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27557 | $37,118 | $59,500 | $84,950 | $136,015 | $211,674 |
Source: Ownwell
Property Tax Bills Across Middlesex, North Carolina
In Middlesex, Nash County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Nash County tax assessor and reflects the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. Middlesex's property tax rate is influenced by various factors, including local government budgets, school funding, and public services. For homeowners in Middlesex, the impact of property taxes can vary significantly. The median home price in the area is $84,950, with tax bills ranging from $578 at the 25th percentile to $1,296 at the 75th percentile, and up to $1,956 at the 90th percentile. The median tax bill in the area stands at $808, which is below the national median property tax rate of 0.99%. These taxes fund essential community services but can also represent a significant annual expense for homeowners.
Average Middlesex Tax Bill
$808
Average Nash County Tax Bill
$784
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Middlesex, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27557 | $377 | $578 | $808 | $1,296 | $1,956 |
Source: Ownwell