Clarkton, North Carolina Property Taxes
The median property tax rate in Clarkton, 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 $66,188, the typical annual property tax bill in Clarkton is $538, significantly lower than the national median of $2,690. Property taxes in Clarkton are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Clarkton'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 Clarkton or another part of Bladen County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarkton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$569
-$5,965
Ownwell’s Clarkton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarkton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarkton 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 Clarkton, North Carolina
Property taxes in Clarkton, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarkton is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Clarkton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarkton 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 Clarkton's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28433 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 cities compare with Clarkton 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 Clarkton Tax Rate
0.86%
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 Clarkton, North Carolina
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
28433 | 0.65% | 0.79% | 0.86% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Clarkton, North Carolina
In Clarkton, 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 Clarkton, 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 Clarkton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28433 in Clarkton has the highest and lowest median tax bill, both at $538.
Average Clarkton Assessed Value
$66,188
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 Clarkton, North Carolina
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
28433 | $8,993 | $24,724 | $66,188 | $114,803 | $180,015 |
Source: Ownwell
Property Tax Bills Across Clarkton, North Carolina
In Clarkton, Bladen County, NC, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The median home price in Clarkton is $66,188, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners, the property tax bill can vary significantly. The 25th percentile tax bill is around $177, while the 75th percentile tax bill reaches $925. At the 90th percentile, homeowners might see a tax bill as high as $1,425. Compared to the national median property tax rate of 0.99%, Clarkton's property tax bills highlight the variability within the region. The highest and lowest median tax bills in the area are both $538, indicating some level of consistency in tax assessments within the same zip code. Understanding these factors helps homeowners anticipate their annual property tax obligations.
Average Clarkton Tax Bill
$538
Average Bladen County Tax Bill
$591
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarkton, North Carolina
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
28433 | $68 | $177 | $538 | $925 | $1,425 |
Source: Ownwell