Riegelwood, North Carolina Property Taxes
The median property tax rate in Riegelwood, NC is 0.91%, just below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $68,834, the typical annual property tax bill in Riegelwood is $636, significantly lower than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Riegelwood'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 Riegelwood or elsewhere in Bladen County, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Riegelwood, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$626
Ownwell’s Riegelwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riegelwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riegelwood 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 Riegelwood, North Carolina
Property taxes in Riegelwood, 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 Riegelwood is 0.91%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Riegelwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riegelwood 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 Riegelwood's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28456 has both the highest and lowest median property tax rate of 0.91%, highlighting the uniformity within this region. Understanding how these areas compare with Riegelwood 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 Riegelwood Tax Rate
0.91%
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 Riegelwood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28456 | 0.78% | 0.84% | 0.91% | 1.26% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Riegelwood, North Carolina
In Riegelwood, North Carolina, understanding the distinction between "market value" and "assessed value" is essential for navigating property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Bladen County Appraisal District for tax purposes. The assessed value, on the other hand, is the market value minus any applicable exemptions or limits based on local laws and available programs. This assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Riegelwood, 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. For example, the median home price in Riegelwood is $68,834, with tax bills varying significantly. The 25th percentile tax bill is around $198, while the 75th percentile reaches $1,178, and the 90th percentile climbs to $1,654. The zip code 28456 has both the highest and lowest median tax bill at $636. Understanding these valuation processes helps property owners identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Riegelwood, North Carolina
Source: Ownwell
$41,082
$97,728
$154,373
Average Riegelwood Assessed Value
$68,834
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 Riegelwood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28456 | $9,224 | $21,374 | $68,834 | $120,610 | $177,381 |
Source: Ownwell
Property Tax Bills Across Riegelwood, North Carolina
In Riegelwood, Bladen County, NC, property tax bills are calculated based on the assessed value of a home. The median home price in Riegelwood stands at $68,834. Property tax rates in this region are applied to the assessed value, which is often a percentage of the market value. The property tax bill can vary significantly, with the 25th percentile paying around $198, while those in the 75th percentile pay approximately $1,178. At the 90th percentile, tax bills can reach up to $1,654. Several factors influence these tax bills, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, these taxes can represent a significant annual expense. Compared to the national median property tax rate of 0.99%, Riegelwood's rates might seem relatively manageable, yet they still impact household budgets. Understanding how these elements come together helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Riegelwood Tax Bill
$636
Average Bladen County Tax Bill
$591
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Riegelwood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28456 | $84 | $198 | $636 | $1,178 | $1,654 |
Source: Ownwell