Pamlico County Property Taxes
The median property tax rate in Pamlico County is 0.69%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $145,305, the typical annual property tax bill in Pamlico County is $1,045, significantly below the national median of $2,690. Property taxes in Pamlico County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Pamlico County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Bayboro or another part of Pamlico County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pamlico County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,003
Ownwell’s Pamlico County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pamlico County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Pamlico County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Pamlico County, North Carolina
Property taxes in Pamlico County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Pamlico County is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Pamlico County set these rates annually, and they can vary significantly between different areas within the county. Each year, Pamlico County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Pamlico County's effective property tax rate with other areas in North Carolina and the national median. For comparison, the city of Vandemere has one of the higher property tax rates in North Carolina at 0.90%, while the city of Oriental boasts one of the lowest at 0.68%. Analyzing how Pamlico County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Pamlico County Tax Rate
0.69%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pamlico County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alliance | 0.69% | 0.70% | 0.71% | 0.71% | 0.71% |
| Arapahoe | 0.66% | 0.67% | 0.68% | 0.78% | 0.79% |
| Bayboro | 0.66% | 0.68% | 0.70% | 0.97% | 1.25% |
| Grantsboro | 0.67% | 0.67% | 0.70% | 0.75% | 0.76% |
| Hobucken | 0.68% | 0.68% | 0.69% | 0.69% | 0.69% |
| Lowland | 0.68% | 0.68% | 0.69% | 0.69% | 0.69% |
| Merritt | 0.67% | 0.69% | 0.69% | 0.69% | 0.69% |
| Mesic | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
| Minnesott Beach | 0.63% | 0.78% | 0.78% | 0.79% | 0.79% |
| New Bern | 0.68% | 0.70% | 0.71% | 0.71% | 0.71% |
| Oriental | 0.65% | 0.66% | 0.68% | 0.87% | 0.88% |
| Stonewall | 0.77% | 0.77% | 0.78% | 0.78% | 0.78% |
| Vandemere | 0.68% | 0.81% | 0.90% | 0.91% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Pamlico County, North Carolina
In Pamlico County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Pamlico County Appraisal District. The assessed value, however, 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 in Pamlico County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, property owners in Oriental face the highest median tax bill at $1,664, while those in Lowland experience the lowest at $368. Being aware of these valuation processes in Pamlico County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Pamlico County, North Carolina
Source: Ownwell
$7,506
$116,946
$226,386
Average Pamlico County Assessed Value
$145,305
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pamlico County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alliance | $17,637 | $57,275 | $92,516 | $128,205 | $161,161 |
| Arapahoe | $65,236 | $107,170 | $180,835 | $284,414 | $398,859 |
| Bayboro | $26,454 | $52,398 | $87,577 | $138,538 | $248,976 |
| Grantsboro | $30,100 | $61,048 | $104,718 | $164,400 | $250,095 |
| Hobucken | $21,875 | $39,409 | $60,838 | $87,106 | $141,348 |
| Lowland | $15,137 | $28,005 | $53,718 | $84,194 | $123,979 |
| Merritt | $53,620 | $94,849 | $183,818 | $289,558 | $393,324 |
| Mesic | $6,045 | $6,593 | $7,506 | $8,418 | $8,966 |
| Minnesott Beach | $28,552 | $98,829 | $197,467 | $197,467 | $332,219 |
| New Bern | $40,301 | $85,943 | $131,204 | $187,884 | $258,673 |
| Oriental | $66,630 | $134,947 | $226,386 | $332,898 | $455,370 |
| Stonewall | $16,082 | $54,890 | $77,662 | $142,400 | $231,009 |
| Vandemere | $24,211 | $43,169 | $75,650 | $149,022 | $290,922 |
Source: Ownwell
Property Tax Bills Across Pamlico County, North Carolina
In Pamlico County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The assessed value is a percentage of the market value of the property. Factors such as location, property size, and improvements can influence this assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Pamlico County, the tax bill can vary significantly. The 25th percentile tax bill is around $544, while the 75th percentile reaches $1,807, and the 90th percentile can be as high as $2,734. These figures highlight the range of property tax burdens within the county. For comparison, the national median property tax rate is 0.99%. In Pamlico County, the town of Oriental has the highest median tax bill at $1,664, while Lowland has the lowest at $368. This variation underscores how property location and value impact tax obligations, directly affecting homeowners' annual expenses.
Average Pamlico County Tax Bill
$1,045
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pamlico County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alliance | $138 | $379 | $602 | $906 | $1,160 |
| Arapahoe | $385 | $775 | $1,282 | $2,065 | $2,963 |
| Bayboro | $192 | $402 | $697 | $1,078 | $1,843 |
| Grantsboro | $192 | $395 | $701 | $1,153 | $1,728 |
| Hobucken | $150 | $270 | $417 | $597 | $963 |
| Lowland | $104 | $180 | $368 | $568 | $877 |
| Merritt | $331 | $635 | $1,230 | $1,971 | $2,677 |
| Mesic | $52 | $56 | $64 | $72 | $77 |
| Minnesott Beach | $221 | $776 | $1,550 | $1,550 | $2,608 |
| New Bern | $244 | $556 | $895 | $1,274 | $1,800 |
| Oriental | $455 | $974 | $1,664 | $2,466 | $3,467 |
| Stonewall | $79 | $390 | $593 | $1,095 | $1,625 |
| Vandemere | $201 | $356 | $703 | $1,340 | $2,550 |
Source: Ownwell