Delco, North Carolina Property Taxes
The median property tax rate in DELCO, NC is 0.49%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in DELCO, the typical annual property tax bill reaches $443, far below the national median of $2,690. Property taxes in DELCO are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding DELCO'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 DELCO 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
Delco, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$446
$414
Ownwell’s DELCO Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in DELCO using just two key data points. By inputting your property's estimated assessed value, the calculator utilizes the median tax rate in DELCO to provide an accurate estimate of your property tax bill. This valuable resource aids in understanding potential tax liabilities and planning accordingly. For those interested in more detailed insights, scrolling down reveals trends and information at the neighborhood level. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Delco, North Carolina
Property taxes in DELCO, 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 DELCO is 0.49%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within DELCO set these rates annually, and they can vary across different neighborhoods. Each year, DELCO 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. Understanding how DELCO's effective property tax rate compares to other regions in North Carolina and the national median 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 Delco Tax Rate
0.49%
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 Delco, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28436 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Delco, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in DELCO, 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 DELCO, 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 DELCO helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $443, with the zip code 28436 representing both extremes.
Average Delco Assessed Value
$90,960
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 Delco, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28436 | $90,960 | $90,960 | $90,960 | $90,960 | $90,960 |
Source: Ownwell
Property Tax Bills Across Delco, North Carolina
In Delco, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Delco is $90,960. To determine the tax bill, the assessed value is multiplied by the property tax rate set by the local government. In Brunswick County, where Delco is located, the property tax rate is applied uniformly, leading to a median tax bill of $443. This figure is consistent across various percentiles, including the 25th, 75th, and 90th, indicating a stable and predictable tax environment for homeowners. Factors considered in the assessment include the property's market value and any improvements or changes to the property. The relatively low tax bill in Delco can be beneficial for homeowners, making it an attractive location compared to the national median property tax rate of 0.99%. Lower property taxes can help reduce the overall cost of homeownership, allowing residents to allocate their finances more effectively.
Average Delco Tax Bill
$443
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 Delco, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28436 | $443 | $443 | $443 | $443 | $443 |
Source: Ownwell