Pinetown, North Carolina Property Taxes
The median property tax rate in Pinetown, NC is 0.91%, slightly below the national median of 0.99% but higher than North Carolina's state median of 0.82%. With a median home value of $81,335 in Pinetown, the typical annual property tax bill amounts to $730, which is significantly lower than the national median of $2,690. Property taxes in Pinetown are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Pinetown's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pinetown or another part of Beaufort County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pinetown, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$740
$687
Ownwell’s Pinetown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pinetown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pinetown 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 Pinetown, North Carolina
Property taxes in Pinetown, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pinetown is 0.91%, slightly lower than the U.S. national median of 0.99%. Local government entities within Pinetown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pinetown 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 Pinetown's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27865 zip code has both the highest and lowest median property tax rate of 0.91%. Understanding how these cities compare with Pinetown 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 Pinetown Tax Rate
0.91%
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 Pinetown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27865 | 0.70% | 0.82% | 0.91% | 1.03% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Pinetown, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pinetown, North Carolina. 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 Pinetown, 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. For instance, the median home price is $81,335, with tax bills ranging from $527 at the 25th percentile to $1,361 at the 90th percentile. The highest and lowest median tax bills are both $730, found in the zip code 27865. Being aware of these valuation processes in Pinetown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pinetown, North Carolina
Source: Ownwell
$50,925
$132,433
$213,941
Average Pinetown Assessed Value
$81,335
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 Pinetown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27865 | $34,673 | $53,404 | $81,335 | $121,935 | $187,010 |
Source: Ownwell
Property Tax Bills Across Pinetown, North Carolina
In Pinetown, located in Beaufort County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value considers factors such as the home's market value, location, and property characteristics. Homeowners in Pinetown can expect their tax bills to vary significantly depending on these factors. For instance, the median home price in Pinetown is $81,335. Property tax bills in this area range from $527 at the 25th percentile to $1,361 at the 90th percentile, reflecting the variability in property values and assessments. The median property tax bill in the highest-taxed zip code, 27865, stands at $730, which is below the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting homeowners by contributing to the quality of life in the community. Understanding how these taxes are calculated can help homeowners plan their finances and anticipate their annual tax obligations.
Average Pinetown Tax Bill
$730
Average Beaufort County Tax Bill
$970
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pinetown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27865 | $384 | $527 | $730 | $1,003 | $1,361 |
Source: Ownwell