Tar Heel, North Carolina Property Taxes
The median property tax rate in Tar Heel, NC is 0.88%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Tar Heel at $72,813, the typical annual property tax bill amounts to $624, which is significantly lower than the national median of $2,690. Property taxes in Tar Heel are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Tar Heel'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 Tar Heel 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
Tar Heel, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$641
$595
Ownwell’s TAR HEEL Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in TAR HEEL using just two key data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in TAR HEEL to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Bladen County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Tar Heel, North Carolina
Property taxes in Tar Heel, 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 Tar Heel is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Tar Heel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tar Heel 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 Tar Heel's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28392 has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these areas compare with Tar Heel 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 Tar Heel 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 Tar Heel, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28392 | 0.71% | 0.88% | 0.88% | 0.89% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Tar Heel, North Carolina
In Tar Heel, 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 Tar Heel, 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 Tar Heel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in Tar Heel is $72,813, with the highest median tax bill recorded at $624 in zip code 28392.
Average Tar Heel Assessed Value
$72,813
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 Tar Heel, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28392 | $12,340 | $32,113 | $72,813 | $127,082 | $197,273 |
Source: Ownwell
Property Tax Bills Across Tar Heel, North Carolina
Property tax bills in Tar Heel, Bladen County, NC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. In Tar Heel, the median home price is $72,813. Homeowners can expect to pay a tax bill that ranges significantly; the 25th percentile tax bill is $253, while the 75th percentile reaches $1,062. For those at the 90th percentile, the tax bill can be as high as $1,582. Compared to the national median property tax rate of 0.99%, the tax rate in Tar Heel can lead to relatively modest tax bills, offering some financial relief to homeowners. However, these taxes are crucial for funding local services like schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Tar Heel Tax Bill
$624
Average Bladen County Tax Bill
$591
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Tar Heel, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28392 | $91 | $253 | $624 | $1,062 | $1,582 |
Source: Ownwell