Council, North Carolina Property Taxes
The median property tax rate in Council, NC is 0.84%, slightly higher than the state median of 0.82% but lower than the national median of 0.99%. With the median home value in Council at $77,724, the typical annual property tax bill is $622, which is significantly below the national median of $2,690. Property taxes in Council are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Council'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 Council 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
Council, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$653
Ownwell’s Council Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Council with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Council 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 Council, North Carolina
Property taxes in Council, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Council is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Council set these rates annually, and they can vary significantly across different neighborhoods. Each year, Council 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 Council's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28434 has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these areas compare with Council 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 Council Tax Rate
0.84%
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 Council, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28434 | 0.62% | 0.83% | 0.84% | 0.85% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Council, North Carolina
In Council, 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 authorities 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. 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 Council helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 28434 has both the highest and lowest median tax bill at $622.
Average Council Assessed Value
$77,724
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 Council, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28434 | $13,440 | $30,110 | $77,724 | $129,446 | $202,928 |
Source: Ownwell
Property Tax Bills Across Council, North Carolina
In Council, Bladen County, NC, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and reflects the market value of the property. The tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as location, property size, and improvements can influence the assessed value, thereby impacting the tax bill. For instance, with the median home price in Council being $77,724, homeowners can expect varying tax bills. The 25th percentile tax bill is around $229, while the 75th percentile reaches $1,012, and the 90th percentile goes up to $1,519. These variations reflect differences in property values and assessments within the area. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. In Council, these property taxes can significantly impact homeowners' annual expenses, influencing decisions on homeownership and property investments.
Average Council Tax Bill
$622
Average Bladen County Tax Bill
$591
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Council, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28434 | $92 | $229 | $622 | $1,012 | $1,519 |
Source: Ownwell