Winterville, North Carolina Property Taxes
The median property tax rate in Winterville, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Winterville at $272,400, the typical annual property tax bill is $1,090, which is well below the national median of $2,690. Property taxes in Winterville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Winterville'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 Winterville 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
Winterville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,090
$1,011
Ownwell’s Winterville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winterville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winterville 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 Winterville, North Carolina
Property taxes in Winterville, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winterville is 0.74%, which is higher than the North Carolina state median of 0.70% but still below the U.S. national median of 0.99%. Local government entities within Winterville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winterville 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 Winterville's effective property tax rate to other counties in North Carolina and the national median. For comparison, zip code 27534 has the highest median property tax rate of 1.07%, while zip code 27858 has the lowest median tax rate of 0.74%. Understanding how these cities compare with Winterville provides valuable insights into the varying tax landscape across Pitt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Winterville Tax Rate
0.40%
Average Avery County Tax Rate
0.40%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winterville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28590 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Winterville, North Carolina
In Winterville, NC, 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 Avery 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 Winterville, 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 Winterville is $272,400, and the median property tax bill is $1,090, which is significantly lower than the national median property tax rate of 0.99%. 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 Winterville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Winterville, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Winterville Assessed Value
$272,400
Average Avery County Assessed Value
$135,500
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Winterville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28590 | $272,400 | $272,400 | $272,400 | $272,400 | $272,400 |
Source: Ownwell
Property Tax Bills Across Winterville, North Carolina
Property tax bills in Winterville, Avery County, NC, are determined based on the assessed value of a property and the local tax rate. The assessed value is an estimate of the property's market value as determined by the county assessor. This value is then multiplied by the local tax rate to calculate the annual property tax bill. In Winterville, the median home price stands at $272,400, which significantly influences the tax bills. Various factors, such as property size, location, and improvements, are considered in the assessment process. Homeowners in Winterville can expect a median property tax bill of $1,090, which remains consistent across different percentiles, including the 25th, 75th, and 90th percentiles. This uniformity suggests a stable property tax environment in the area. When compared to the national median property tax rate of 0.99%, Winterville's property tax rate offers a predictable financial expectation for homeowners, impacting their overall housing costs and budgeting.
Average Winterville Tax Bill
$1,090
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Winterville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28590 | $1,090 | $1,090 | $1,090 | $1,090 | $1,090 |
Source: Ownwell