Atkinson, North Carolina Property Taxes
The median property tax rate in Atkinson, NC is 0.99%, aligning with the national median of 0.99% and higher than the North Carolina state median of 0.82%. With the median home value in Atkinson at $75,914, the typical annual property tax bill is $756, significantly lower than the national median of $2,690. Property taxes in Atkinson 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 Atkinson'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 Atkinson 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
Atkinson, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$752
Ownwell’s Atkinson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atkinson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atkinson 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 Atkinson, North Carolina
Property taxes in Atkinson, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atkinson is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Atkinson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atkinson 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 Atkinson's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 28421 zip code has the highest median property tax rate of 0.99%, while the same zip code also has the lowest median tax rate of 0.99%. Understanding how these cities compare with Atkinson provides valuable insights into the varying tax landscape across Pender County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atkinson Tax Rate
0.99%
Average Pender County Tax Rate
0.88%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atkinson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28421 | 0.62% | 0.81% | 0.99% | 1.18% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Atkinson, North Carolina
In Atkinson, 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 Pender 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. Assessment notices in Atkinson 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 Atkinson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28421 has the highest and lowest median tax bill at $756.
Property Tax Assessment Values Across Atkinson, North Carolina
Source: Ownwell
$75,914
$253,666
$431,418
Average Atkinson Assessed Value
$75,914
Average Pender County Assessed Value
$183,803
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atkinson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28421 | $24,452 | $44,963 | $75,914 | $124,890 | $198,094 |
Source: Ownwell
Property Tax Bills Across Atkinson, North Carolina
In Atkinson, located in Pender County, NC, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor and is meant to reflect the market value of the property. Homeowners in Atkinson can expect their tax bills to vary significantly, with the 25th percentile tax bill standing at $474 and the 75th percentile reaching $1,181. The highest median tax bill recorded in the area is $756, which corresponds to the zip code 28421. Several factors influence the final tax bill, including property size, location, and market conditions. These elements contribute to the assessed value, which is then multiplied by the local tax rate to determine the total tax due. With a median home price of $75,914, the property tax rate in Atkinson is relatively low compared to the national median property tax rate of 0.99%. This system ensures that homeowners contribute to local services and infrastructure, impacting their overall financial planning and homeownership costs.
Average Atkinson Tax Bill
$756
Average Pender County Tax Bill
$1,515
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Atkinson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28421 | $167 | $474 | $756 | $1,181 | $1,655 |
Source: Ownwell