Greenville, North Carolina Property Taxes
The median property tax rate in Greenville, NC is 0.86%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $89,728 in Greenville, the typical annual property tax bill amounts to $803, which is significantly lower than the national median of $2,690. Property taxes in Greenville are based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Greenville'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 Greenville or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Greenville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$772
$716
Ownwell’s Greenville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenville 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 Greenville, North Carolina
Property taxes in Greenville, 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 Greenville is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Greenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenville 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 Greenville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27834 has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these areas compare with Greenville 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 Greenville 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 Greenville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27834 | 0.61% | 0.73% | 0.86% | 0.91% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Greenville, North Carolina
In Greenville, 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 local 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 Greenville, 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 Greenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Greenville is $89,728, with the highest median tax bill in zip code 27834 being $803.
Property Tax Assessment Values Across Greenville, North Carolina
Source: Ownwell
$50,925
$132,433
$213,941
Average Greenville Assessed Value
$89,728
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 Greenville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27834 | $36,438 | $54,477 | $89,728 | $114,404 | $139,213 |
Source: Ownwell
Property Tax Bills Across Greenville, North Carolina
In Greenville, 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 reflects the market value of the property. Homeowners in Greenville can expect their tax bills to vary depending on the value of their homes. For instance, the median home price in Greenville is $89,728, and the property tax bill for homes in the 25th percentile is around $469, while those in the 75th percentile pay approximately $918. For properties in the 90th percentile, the tax bill can go up to $1,064. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Greenville may find their tax bills relatively moderate. Factors such as the location within the city, property improvements, and changes in market conditions can also influence the assessed value and, subsequently, the tax bill. Understanding how these elements contribute to property tax calculations helps homeowners plan their finances more effectively.
Average Greenville Tax Bill
$803
Average Beaufort County Tax Bill
$970
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27834 | $308 | $469 | $803 | $918 | $1,064 |
Source: Ownwell