Jackson, North Carolina Property Taxes
The median property tax rate in Jackson, NC is 1.07%, 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 Jackson, the typical annual property tax bill reaches $734, exceeding the national median of $2,690. Property taxes in Jackson 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 Jackson'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 Jackson 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
Jackson, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$716
Ownwell’s Jackson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jackson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jackson 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 Jackson, North Carolina
Property taxes in Jackson, 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 Jackson is 1.07%, higher than both the North Carolina state median of 0.77% and the U.S. national median of 0.99%. Local government entities within Jackson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jackson 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 Jackson's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27845 zip code has the highest median property tax rate of 1.07%, while the 27845 zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Jackson 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 Jackson Tax Rate
1.07%
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 Jackson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27845 | 0.74% | 0.87% | 1.07% | 1.27% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Jackson, North Carolina
In Jackson, 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 Jackson, 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 Jackson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Jackson is $734.00, and the lowest median tax bill is also $734.00, both in the 27845 zip code.
Average Jackson Assessed Value
$66,884
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 Jackson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27845 | $8,499 | $24,910 | $66,884 | $107,388 | $170,668 |
Source: Ownwell
Property Tax Bills Across Jackson, North Carolina
In Jackson, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the Northampton County tax assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the home's location, size, and any improvements can influence the assessed value. For instance, the median home price in Jackson is $66,884, and property tax bills can vary widely. Homeowners in the 25th percentile pay around $381 annually, while those in the 75th percentile face bills of approximately $1,092. At the higher end, the 90th percentile sees tax bills reaching up to $1,660. The highest median tax bill in the area is $734, found in the 27845 zip code. Compared to the national median property tax rate of 0.99%, Jackson homeowners experience a range of tax burdens, impacting their overall cost of homeownership.
Average Jackson Tax Bill
$734
Average Northampton County Tax Bill
$808
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Jackson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27845 | $92 | $381 | $734 | $1,092 | $1,660 |
Source: Ownwell