Aurora, North Carolina Property Taxes
The median property tax rate in Aurora, NC is 0.93%, slightly below the national median of 0.99% but higher than North Carolina's state median of 0.82%. With the median home value in Aurora at $63,219, the typical annual property tax bill amounts to $637, which is significantly lower than the national median of $2,690. Property taxes in Aurora are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Aurora'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 Aurora or another part of Beaufort County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aurora, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$588
$546
Ownwell’s Aurora Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aurora with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aurora 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 Aurora, North Carolina
Property taxes in Aurora, 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 Aurora is 0.93%, slightly below the U.S. national median of 0.99%. Local government entities within Aurora set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aurora 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 Aurora's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27806 within Beaufort County has both the highest and lowest median property tax rate of 0.93%. Understanding how these areas compare with Aurora provides valuable insights into the varying tax landscape across Beaufort County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aurora Tax Rate
0.93%
Average Beaufort County Tax Rate
0.92%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aurora, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27806 | 0.69% | 0.78% | 0.93% | 1.22% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Aurora, North Carolina
In Aurora, 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 Beaufort 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 Aurora, 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 Aurora is $63,219, with tax bills ranging from $420 at the 25th percentile to $1,822 at the 90th percentile. 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 Aurora helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Aurora Assessed Value
$63,219
Average Beaufort County Assessed Value
$101,488
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aurora, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27806 | $19,182 | $35,876 | $63,219 | $115,420 | $216,413 |
Source: Ownwell
Property Tax Bills Across Aurora, North Carolina
In Aurora, located in Beaufort County, 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 assessor and represents the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $63,219, homeowners can expect their tax bills to vary. The 25th percentile tax bill is around $420, while those in the 75th percentile might pay approximately $1,047. At the higher end, the 90th percentile tax bill reaches about $1,822. Compared to the national median property tax rate of 0.99%, Aurora's tax rates can be seen as relatively manageable, given the lower median home prices. These taxes fund essential public services such as schools, roads, and emergency services, directly impacting the quality of life for Aurora residents. Understanding how these factors interplay helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Aurora Tax Bill
$637
Average Beaufort County Tax Bill
$970
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Aurora, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27806 | $262 | $420 | $637 | $1,047 | $1,822 |
Source: Ownwell