Bath, North Carolina Property Taxes
The median property tax rate in Bath, NC is 0.80%, slightly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value in Bath of $213,941, the typical annual property tax bill is $1,741, which is significantly below the national median of $2,690. Property taxes in Bath are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bath'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 Bath 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
Bath, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,712
Ownwell’s Bath Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bath with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bath 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 Bath, North Carolina
Property taxes in Bath, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bath is 0.80%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Bath set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bath 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 Bath's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27808 zip code has the highest median property tax rate of 0.80%, while the 27808 zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with Bath 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 Bath Tax Rate
0.80%
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 Bath, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27808 | 0.74% | 0.76% | 0.80% | 0.94% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Bath, North Carolina
In Bath, 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 Bath, 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 Bath helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bath is $213,941, with the highest and lowest median tax bills both being $1,741 in zip code 27808.
Average Bath Assessed Value
$213,941
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 Bath, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27808 | $57,103 | $105,271 | $213,941 | $328,346 | $434,492 |
Source: Ownwell
Property Tax Bills Across Bath, North Carolina
In Bath, Beaufort County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Bath is $213,941, and the property tax rate is applied to this value to determine the annual tax bill. Homeowners in Bath can expect their tax bills to vary significantly, with the 25th percentile paying around $914, while those in the 75th percentile pay approximately $2,554. The top 10% of homeowners may see tax bills as high as $3,384. Several factors influence these tax bills, including the home's assessed value, which is determined by the county assessor, and any applicable exemptions or deductions. These taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Bath's property tax rates are competitive, making it a relatively affordable place for homeowners. Understanding these factors helps homeowners plan their finances and anticipate annual property tax obligations.
Average Bath Tax Bill
$1,741
Average Beaufort County Tax Bill
$970
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Bath, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27808 | $567 | $914 | $1,741 | $2,554 | $3,384 |
Source: Ownwell