Maxton, North Carolina Property Taxes
The median property tax rate in Maxton, NC is 1.09%, which is higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $65,120 in Maxton, the typical annual property tax bill amounts to $685, which is below the national median of $2,690. Property taxes in Maxton are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Maxton's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Maxton or elsewhere in the city, a thorough understanding of the local property tax system is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Maxton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$710
Ownwell’s Maxton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maxton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maxton 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 Maxton, North Carolina
Property taxes in Maxton, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maxton is 0.99%, which aligns with the U.S. national median of 0.99%. Local government entities within Maxton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maxton 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 Maxton's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28364 zip code has a median property tax rate of 0.99%. Understanding how these cities compare with Maxton provides valuable insights into the varying tax landscape across Scotland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maxton Tax Rate
1.09%
Average Scotland County Tax Rate
1.11%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maxton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28364 | 0.68% | 1.03% | 1.09% | 1.21% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Maxton, North Carolina
In Maxton, 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 Scotland 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 Maxton, 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 Maxton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 28364, both at $685.
Average Maxton Assessed Value
$65,120
Average Scotland County Assessed Value
$54,325
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maxton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28364 | $11,595 | $39,575 | $65,120 | $114,890 | $139,437 |
Source: Ownwell
Property Tax Bills Across Maxton, North Carolina
In Maxton, located in Scotland County, NC, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Maxton can expect a median property tax bill of approximately $685, which is significantly lower than the national median property tax rate of 0.99%. Factors such as the property’s location, size, and condition play a crucial role in determining its assessed value. For instance, a home with a median price of $65,120 would yield varying tax bills, with the 25th percentile at $402 and the 75th percentile reaching $1,182. The tax bill can go as high as $1,414 for properties in the 90th percentile. These property taxes are essential for funding local services such as schools, infrastructure, and emergency services. Lower property tax bills in Maxton can be a financial relief for homeowners, making it an attractive place for property investment.
Average Maxton Tax Bill
$685
Average Scotland County Tax Bill
$594
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Maxton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28364 | $203 | $402 | $685 | $1,182 | $1,414 |
Source: Ownwell