Blounts Creek, North Carolina Property Taxes
The median property tax rate in Blounts Creek, NC is 0.86%, slightly higher than the state median of 0.82% but below the national median of 0.99%. With a median home value of $79,462, the typical annual property tax bill in Blounts Creek is $733, which is significantly lower than the national median of $2,690. Property taxes in Blounts Creek are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Blounts Creek'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 Blounts Creek 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
Blounts Creek, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$683
$634
Ownwell’s Blounts Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blounts Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blounts Creek 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 Blounts Creek, North Carolina
Property taxes in Blounts Creek, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blounts Creek is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Blounts Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blounts Creek 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 Blounts Creek's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27814 zip code has both the highest and lowest median property tax rate of 0.86%. Understanding how these areas compare with Blounts Creek 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 Blounts Creek Tax Rate
0.86%
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 Blounts Creek, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27814 | 0.72% | 0.77% | 0.86% | 1.04% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Blounts Creek, North Carolina
In Blounts Creek, 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 Blounts Creek, 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. Blounts Creek has a median home price of $79,462, with median tax bills ranging from $469 at the 25th percentile to $2,417 at the 90th percentile. The highest and lowest median tax bill in the area is $733, both in zip code 27814. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Blounts Creek, North Carolina
Source: Ownwell
$50,925
$132,433
$213,941
Average Blounts Creek Assessed Value
$79,462
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 Blounts Creek, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27814 | $25,074 | $44,710 | $79,462 | $188,921 | $330,337 |
Source: Ownwell
Property Tax Bills Across Blounts Creek, North Carolina
In Blounts Creek, Beaufort County, NC, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. Homeowners in Blounts Creek experience property tax bills that vary widely. For example, the tax bill for the 25th percentile is $469, while the 75th percentile sees a tax bill of $1,466. The 90th percentile can reach up to $2,417. The median home price in Blounts Creek is $79,462, and the local property tax rate is compared against the national median property tax rate of 0.99%. These factors combined determine the final tax bill, which directly impacts homeowners' annual expenses. Understanding these variables helps homeowners anticipate their property tax obligations and manage their finances more effectively. With the highest and lowest median tax bills both at $733 in the zip code 27814, residents can gauge their potential tax liabilities within a predictable range.
Average Blounts Creek Tax Bill
$733
Average Beaufort County Tax Bill
$970
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Blounts Creek, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27814 | $307 | $469 | $733 | $1,466 | $2,417 |
Source: Ownwell