Belville, North Carolina Property Taxes
The median property tax rate in Belville, NC is 0.47%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $261,060 in Belville, the typical annual property tax bill is around $1,211, well below the national median of $2,690. Property taxes in Belville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Belville'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 Belville or another part of Brunswick County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$1,227
$1,139
Ownwell’s BELVILLE Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in BELVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BELVILLE to provide an estimated property tax bill. This valuable tool helps you gauge potential tax liabilities. For those interested in neighborhood-specific trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Belville, North Carolina
Property taxes in Belville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belville is 0.47%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Belville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belville 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 Belville's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 28451 zip code has both the highest and lowest median property tax rate of 0.47%. Understanding how these areas compare with Belville provides valuable insights into the varying tax landscape across Brunswick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belville Tax Rate
0.47%
Average Brunswick County Tax Rate
0.43%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28451 | 0.42% | 0.45% | 0.47% | 0.52% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Belville, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Belville, North Carolina. 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 Brunswick 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 Belville, 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. For instance, the median home price in Belville is $261,060, with the 25th percentile tax bill at $1,034 and the 75th percentile tax bill at $1,555. The highest and lowest median tax bills are both $1,211 in the 28451 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Belville, North Carolina
Source: Ownwell
$90,960
$529,140
$967,320
Average Belville Assessed Value
$261,060
Average Brunswick County Assessed Value
$338,175
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28451 | $208,112 | $228,945 | $261,060 | $310,620 | $419,051 |
Source: Ownwell
Property Tax Bills Across Belville, North Carolina
In Belville, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Brunswick County, where Belville is located, see varying property tax bills depending on several factors, including the assessed value of their property and the local tax rate. For example, the median home price in Belville is $261,060. Property tax bills in this area can range significantly, from around $1,034 at the 25th percentile to $2,338 at the 90th percentile. The highest and lowest median tax bills are both $1,211 in the 28451 zip code, which suggests a level of consistency in tax assessments within that area. Compared to the national median property tax rate of 0.99%, homeowners in Belville may find their property tax rates to be competitive, potentially impacting their overall housing costs and financial planning.
Average Belville Tax Bill
$1,211
Average Brunswick County Tax Bill
$1,377
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Belville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28451 | $911 | $1,034 | $1,211 | $1,555 | $2,338 |
Source: Ownwell