Mesic, North Carolina Property Taxes
The median property tax rate in Mesic, NC is 0.85%, slightly higher than the state median of 0.82% but lower than the national median of 0.99%. With the median home value in Mesic, the typical annual property tax bill amounts to $64, significantly below the national median of $2,690. Property taxes in Mesic are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mesic's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mesic 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
Mesic, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$64
Ownwell’s MESIC Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in MESIC with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MESIC to estimate your property tax bill. This valuable 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 Mesic, North Carolina
Property taxes in Mesic, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mesic is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Mesic set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mesic 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 Mesic's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28515 has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these areas compare with Mesic provides valuable insights into the varying tax landscape across Pamlico County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mesic Tax Rate
0.85%
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 Mesic, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28515 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Mesic, North Carolina
In Mesic, 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 Pamlico 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 Mesic, 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 Mesic helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Mesic, zip codes with the highest tax bills reach up to $77, while those with the lowest tax bills are around $56.
Average Mesic Assessed Value
$7,506
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 Mesic, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28515 | $6,045 | $6,593 | $7,506 | $8,418 | $8,966 |
Source: Ownwell
Property Tax Bills Across Mesic, North Carolina
In Mesic, Pamlico County, NC, property tax bills are calculated using the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and is based on various factors such as the property's market value, location, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine your annual property tax bill. For homeowners in Mesic, the median home price is $7,506. With a local tax rate that translates to a median property tax bill significantly lower than the national median rate of 0.99%, homeowners can expect more affordable property taxes. Specifically, tax bills in the 25th percentile are around $56, while those in the 75th percentile are approximately $72. At the 90th percentile, the tax bill reaches about $77. These lower tax bills can be a financial relief for homeowners, making Mesic an attractive location for property investments.
Average Mesic Tax Bill
$64
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 Mesic, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28515 | $52 | $56 | $64 | $72 | $77 |
Source: Ownwell