Garysburg, North Carolina Property Taxes
The median property tax rate in Garysburg, NC is 1.13%, which is 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 Garysburg at $52,059, the typical annual property tax bill reaches $650, exceeding the national median of $2,690. Property taxes in Garysburg 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 Garysburg'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 Garysburg 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
Garysburg, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$588
Ownwell’s Garysburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Garysburg with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Garysburg to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, offering peace of mind and financial clarity. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Garysburg, North Carolina
Property taxes in Garysburg, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Garysburg is 1.13%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Garysburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garysburg 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 Garysburg's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27831 zip code has the highest median property tax rate of 1.13%, while the 27831 zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Garysburg provides valuable insights into the varying tax landscape across Northampton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Garysburg Tax Rate
1.13%
Average Northampton County Tax Rate
1.04%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Garysburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27831 | 0.84% | 0.91% | 1.13% | 1.34% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Garysburg, North Carolina
In Garysburg, 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 Northampton 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 Garysburg, 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. The median home price in Garysburg is $52,059, with tax bills ranging from $321 at the 25th percentile to $1,539 at the 90th percentile. The zip code with the highest and lowest median tax bill is 27831, both at $650. Being aware of these valuation processes in Garysburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Garysburg, North Carolina
Source: Ownwell
$13,345
$187,955
$362,565
Average Garysburg Assessed Value
$52,059
Average Northampton County Assessed Value
$67,893
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Garysburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27831 | $1,909 | $14,445 | $52,059 | $88,732 | $147,498 |
Source: Ownwell
Property Tax Bills Across Garysburg, North Carolina
Property tax bills in Garysburg, located in Northampton County, NC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, determined by the county's tax assessor. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Several factors are considered in this calculation, including property size, location, and any improvements made to the property. Homeowners in Garysburg should be aware that their property tax bill can vary significantly. For example, the median home price in the area is $52,059, resulting in tax bills that range from the 25th percentile at $321 to the 90th percentile at $1,539. These taxes fund essential public services such as schools, infrastructure, and emergency services. While the median tax bill in Garysburg is $650, which is below the national median property tax rate of 0.99%, it still represents a significant expense for homeowners, impacting their overall cost of living.
Average Garysburg Tax Bill
$650
Average Northampton County Tax Bill
$808
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Garysburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27831 | $59 | $321 | $650 | $992 | $1,539 |
Source: Ownwell