White Oak, North Carolina Property Taxes
The median property tax rate in White Oak, NC is 0.85%, slightly higher than the state median of 0.82% but lower than the national median of 0.99%. With the median home value in White Oak at $67,921, the typical annual property tax bill is $546, which is significantly below the national median of $2,690. Property taxes in White Oak are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding White Oak'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 White Oak or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
White Oak, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$577
$536
Ownwell’s White Oak Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in White Oak with just two simple data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Oak to provide an accurate estimate of your property tax bill. This valuable tool offers clarity on potential tax liabilities, making it easier to plan your finances. For those interested in more detailed insights at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Bladen County and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across White Oak, North Carolina
Property taxes in White Oak, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Oak is 0.85%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within White Oak set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Oak 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 White Oak's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28399 zip code has the highest median property tax rate of 0.85%, while the same 28399 zip code also has the lowest median tax rate of 0.85%. Understanding how these cities compare with White Oak 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 White Oak Tax Rate
0.85%
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 White Oak, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28399 | 0.78% | 0.84% | 0.85% | 0.85% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across White Oak, North Carolina
In White Oak, 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 White Oak, 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 White Oak helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in White Oak both stand at $546.00 in zip code 28399.
Property Tax Assessment Values Across White Oak, North Carolina
Source: Ownwell
$41,082
$97,728
$154,373
Average White Oak Assessed Value
$67,921
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 White Oak, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28399 | $11,347 | $25,800 | $67,921 | $126,021 | $217,454 |
Source: Ownwell
Property Tax Bills Across White Oak, North Carolina
Property tax bills in White Oak, Bladen County, NC, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county's assessor, who evaluates the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in White Oak, the median home price is $67,921, which serves as a baseline for calculating property taxes. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For example, the 25th percentile tax bill in White Oak is $190, while the 75th percentile tax bill is $1,029, indicating a significant range depending on these factors. The 90th percentile tax bill reaches $1,727, showing higher-end properties or those with fewer exemptions can see substantial tax bills. Compared to the national median property tax rate of 0.99%, White Oak's property tax rates can vary widely, impacting homeowners differently based on their property's assessed value and applicable exemptions.
Average White Oak Tax Bill
$546
Average Bladen County Tax Bill
$591
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across White Oak, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28399 | $82 | $190 | $546 | $1,029 | $1,727 |
Source: Ownwell