Pendleton, North Carolina Property Taxes
The median property tax rate in Pendleton, NC is 1.00%, slightly higher than the national median of 0.99% and significantly above the North Carolina state median of 0.82%. With the median home value in Pendleton at $87,324, the typical annual property tax bill reaches $885, which is below the national median of $2,690. Property taxes in Pendleton are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pendleton'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 Pendleton 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
Pendleton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$873
Ownwell’s Pendleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pendleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pendleton 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 Pendleton, North Carolina
Property taxes in Pendleton, 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 Pendleton is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Pendleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pendleton 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 Pendleton's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27862 has both the highest and lowest median property tax rate of 1.00%. Understanding how these cities compare with Pendleton 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 Pendleton Tax Rate
1.00%
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 Pendleton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27862 | 0.81% | 0.84% | 1.00% | 1.13% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Pendleton, North Carolina
In Pendleton, 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 Pendleton, 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 Pendleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 27862 has the highest and lowest median tax bill at $885.
Property Tax Assessment Values Across Pendleton, North Carolina
Source: Ownwell
$13,345
$187,955
$362,565
Average Pendleton Assessed Value
$87,324
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 Pendleton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27862 | $11,031 | $31,870 | $87,324 | $132,249 | $230,974 |
Source: Ownwell
Property Tax Bills Across Pendleton, North Carolina
In Pendleton, Northampton County, NC, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the market value of your property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Pendleton, the median home price is $87,324. Property tax bills can vary significantly, with the 25th percentile tax bill at $427 and the 75th percentile at $1,288. The 90th percentile tax bill can reach up to $1,976, indicating a wide range of property tax obligations based on home values and specific assessments. Compared to the national median property tax rate of 0.99%, homeowners in Pendleton experience varying tax burdens, which can significantly impact their annual expenses. Understanding these factors is crucial for homeowners to anticipate their financial responsibilities accurately.
Average Pendleton Tax Bill
$885
Average Northampton County Tax Bill
$808
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pendleton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27862 | $106 | $427 | $885 | $1,288 | $1,976 |
Source: Ownwell