Kittrell, North Carolina Property Taxes
The median property tax rate in Kittrell, NC is 1.06%, which is higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Kittrell at $72,369, the typical annual property tax bill reaches $737, still below the national median of $2,690. Property taxes in Kittrell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kittrell'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 Kittrell or another part of Vance County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kittrell, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$767
Ownwell’s Kittrell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kittrell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kittrell 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 Kittrell, North Carolina
Property taxes in Kittrell, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kittrell is 1.06%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Kittrell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kittrell 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 Kittrell's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27544 zip code has the highest median property tax rate of 1.06%, while the same zip code also has the lowest median tax rate of 1.06%. Understanding how these cities compare with Kittrell provides valuable insights into the varying tax landscape across Vance County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kittrell Tax Rate
1.06%
Average Vance County Tax Rate
1.16%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kittrell, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27544 | 0.67% | 0.98% | 1.06% | 1.18% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Kittrell, North Carolina
In Kittrell, 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 Vance 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 Kittrell, 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. The median home price in Kittrell is $72,369, with the 25th percentile tax bill at $455 and the 75th percentile tax bill at $1,249. The highest and lowest median tax bill is $737 in the 27544 zip code. Being aware of these valuation processes in Kittrell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kittrell Assessed Value
$72,369
Average Vance County Assessed Value
$63,100
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kittrell, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27544 | $21,056 | $47,238 | $72,369 | $127,181 | $195,204 |
Source: Ownwell
Property Tax Bills Across Kittrell, North Carolina
In Kittrell, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and reflects the market value of the property. For instance, in Vance County, the median home price is $72,369. The local tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as property improvements, neighborhood developments, and market trends can influence the assessed value. Homeowners in Kittrell can expect property tax bills that vary significantly. For example, the 25th percentile tax bill is $455, while the 75th percentile tax bill is $1,249, and the 90th percentile tax bill reaches $1,937. These variations can impact homeowners' budgets, especially when compared to the national median property tax rate of 0.99%. Understanding how these factors contribute to property tax bills helps homeowners in Kittrell manage their finances better and anticipate changes in their annual expenses.
Average Kittrell Tax Bill
$737
Average Vance County Tax Bill
$757
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Kittrell, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27544 | $261 | $455 | $737 | $1,249 | $1,937 |
Source: Ownwell