Maysville, North Carolina Property Taxes
The median property tax rate in Maysville, NC is 0.65%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Maysville, the typical annual property tax bill reaches $1,084, significantly below the national median of $2,690. Property taxes in Maysville 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 Maysville'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 Maysville 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
Maysville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,118
Ownwell’s Maysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maysville 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 Maysville, North Carolina
Property taxes in Maysville, 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 Maysville is 0.65%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Maysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maysville 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 Maysville's effective property tax rate to other areas in Onslow County and the national median. For comparison, the zip code 28555 has both the highest and lowest median property tax rate in the area, standing at 0.65%. Understanding how these rates compare with Maysville provides valuable insights into the varying tax landscape across Onslow County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maysville Tax Rate
0.65%
Average Onslow County Tax Rate
0.66%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maysville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28555 | 0.55% | 0.65% | 0.65% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Maysville, North Carolina
In Maysville, 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 Onslow 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 Maysville, 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 Maysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Maysville is $172,073, with tax bills ranging from $649 at the 25th percentile to $1,781 at the 90th percentile. The zip code 28555 has the highest median tax bill at $1,084, which is still below the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Maysville, North Carolina
Source: Ownwell
$90,896
$331,440
$571,984
Average Maysville Assessed Value
$172,073
Average Onslow County Assessed Value
$189,006
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maysville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28555 | $66,393 | $104,016 | $172,073 | $225,840 | $279,595 |
Source: Ownwell
Property Tax Bills Across Maysville, North Carolina
Property tax bills in Maysville, located in Onslow County, NC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. Homeowners in Maysville experience property tax bills that vary significantly. For instance, the 25th percentile tax bill is $649, while the 75th percentile tax bill is $1,440, and the 90th percentile tax bill reaches $1,781. The median home price in Maysville is $172,073. These tax bills are influenced by factors such as property size, location, and any improvements made to the property. Compared to the national median property tax rate of 0.99%, Maysville's property tax bills reflect a range that can affect homeowners differently. Higher property taxes can impact affordability, while lower taxes may make owning a home more attractive. Understanding how these factors interplay helps homeowners anticipate their financial obligations and plan accordingly.
Average Maysville Tax Bill
$1,084
Average Onslow County Tax Bill
$1,414
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Maysville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28555 | $407 | $649 | $1,084 | $1,440 | $1,781 |
Source: Ownwell