Clinton, North Carolina Property Taxes
The median property tax rate in Clinton, NC is 1.07%, which is considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Clinton at $89,068, the typical annual property tax bill reaches $918, still below the national median of $2,690. Property taxes in Clinton 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 Clinton'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 Clinton 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
Clinton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$953
Ownwell’s Clinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clinton 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 Clinton, North Carolina
Property taxes in Clinton, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clinton is 1.07%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Clinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clinton 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 Clinton's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 28328 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these rates compare with Clinton provides valuable insights into the varying tax landscape across Sampson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clinton Tax Rate
1.07%
Average Sampson County Tax Rate
0.92%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clinton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28328 | 0.82% | 0.92% | 1.07% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Clinton, North Carolina
In Clinton, 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 Sampson 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 Clinton, 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. The median home price in Clinton is $89,068, with tax bills ranging from $503 at the 25th percentile to $2,533 at the 90th percentile. The highest and lowest median tax bills both stand at $918 in zip code 28328. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clinton Assessed Value
$89,068
Average Sampson County Assessed Value
$85,659
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clinton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28328 | $32,495 | $52,107 | $89,068 | $147,046 | $235,804 |
Source: Ownwell
Property Tax Bills Across Clinton, North Carolina
In Clinton, located in Sampson County, NC, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the property's market value. For example, with a median home price of $89,068, homeowners can expect their tax bills to vary widely. The tax bill at the 25th percentile is around $503, while at the 75th percentile, it can rise to approximately $1,566. For those at the 90th percentile, tax bills can reach up to $2,533. These tax bills are influenced by a variety of factors, including the property's location, its size, and any improvements made. High property taxes can significantly impact homeowners by increasing their annual expenses. Compared to the national median property tax rate of 0.99%, Clinton's tax rates reflect a range that can either be relatively affordable or somewhat burdensome, depending on the specific assessed value of the property. This variability underscores the importance of understanding your property's assessment to anticipate your tax obligations accurately.
Average Clinton Tax Bill
$918
Average Sampson County Tax Bill
$790
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Clinton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28328 | $303 | $503 | $918 | $1,566 | $2,533 |
Source: Ownwell