Ivanhoe, North Carolina Property Taxes
The median property tax rate in Ivanhoe, NC is 0.96%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $105,791 in Ivanhoe, the typical annual property tax bill amounts to $925, which is lower than the national median of $2,690. Property taxes in Ivanhoe are calculated based on the tax assessed value, often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ivanhoe'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 Ivanhoe or another part of Pender County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ivanhoe, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,016
Ownwell’s Ivanhoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ivanhoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ivanhoe 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 Ivanhoe, North Carolina
Property taxes in Ivanhoe, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ivanhoe is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Ivanhoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ivanhoe 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 Ivanhoe's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28447 zip code has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these cities compare with Ivanhoe 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 Ivanhoe Tax Rate
0.96%
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 Ivanhoe, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28447 | 0.43% | 0.81% | 0.96% | 1.07% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Ivanhoe, North Carolina
In Ivanhoe, 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. In Ivanhoe, 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 Ivanhoe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Ivanhoe are both $925, found in the zip code 28447.
Average Ivanhoe Assessed Value
$105,791
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 Ivanhoe, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28447 | $29,098 | $70,448 | $105,791 | $164,828 | $254,996 |
Source: Ownwell
Property Tax Bills Across Ivanhoe, North Carolina
In Ivanhoe, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the Pender County tax assessor. The median home price in Ivanhoe is $105,791, and the property tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including the property's location, size, and condition. Homeowners in Ivanhoe can expect their tax bills to fall within a range, with the 25th percentile at $603 and the 75th percentile at $1,436. For those in the 90th percentile, tax bills can reach up to $2,073. The median tax bill in the region is $925, which is slightly below the national median property tax rate of 0.99%. This means that Ivanhoe homeowners generally pay a lower percentage of their home’s value in property taxes compared to the national average. Understanding these factors can help homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Ivanhoe Tax Bill
$925
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 Ivanhoe, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28447 | $211 | $603 | $925 | $1,436 | $2,073 |
Source: Ownwell