Bolton, North Carolina Property Taxes
The median property tax rate in Bolton, NC is 0.88%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $91,369 in Bolton, the typical annual property tax bill amounts to $799, which is significantly below the national median of $2,690. Property taxes in Bolton are determined based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Bolton's property tax system, exploring available exemptions, and identifying potential opportunities for reductions can lead to substantial annual savings. Whether you're situated in the heart of Bolton or another area within Bladen County, familiarizing yourself with the local property tax system can provide valuable benefits for both homeowners and real estate investors.
Last Updated June 14, 2024
Bolton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$804
Ownwell’s Bolton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bolton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bolton 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 Bolton, North Carolina
Property taxes in Bolton, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bolton is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Bolton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bolton 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 Bolton's effective property tax rate to other areas in Bladen County and the national median. For comparison, the zip code 28423 has both the highest and lowest median property tax rate of 0.88%. Understanding how these areas compare with Bolton provides valuable insights into the varying tax landscape across Bladen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bolton Tax Rate
0.88%
Average Bladen County Tax Rate
0.84%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bolton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28423 | 0.81% | 0.87% | 0.88% | 0.88% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Bolton, North Carolina
In Bolton, 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 Bladen 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 Bolton, 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 Bolton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bolton is $91,369, with annual tax bills ranging from $352 at the 25th percentile to $1,634 at the 90th percentile. The zip code with the highest and lowest median tax bill is 28423, both at $799.
Average Bolton Assessed Value
$91,369
Average Bladen County Assessed Value
$73,187
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bolton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28423 | $16,179 | $39,508 | $91,369 | $143,065 | $184,838 |
Source: Ownwell
Property Tax Bills Across Bolton, North Carolina
In Bolton, located in Bladen 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 is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Bolton, the median home price is $91,369. This valuation, when combined with the local tax rate, results in varying tax bills. For instance, homeowners in the 25th percentile pay around $352 annually, while those in the 75th percentile see bills closer to $1,252. At the 90th percentile, tax bills can reach up to $1,634. The highest and lowest median tax bills in the area are both recorded at $799 in the 28423 zip code. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. With a national median property tax rate of 0.99%, Bolton's property taxes offer a comparative perspective for homeowners evaluating their financial commitments.
Average Bolton Tax Bill
$799
Average Bladen County Tax Bill
$591
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Bolton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28423 | $142 | $352 | $799 | $1,252 | $1,634 |
Source: Ownwell