Riegelwood, North Carolina Property Taxes
The median property tax rate in Riegelwood, NC is 0.42%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Riegelwood at $157,210, the typical annual property tax bill is $640, well below the national median of $2,690. Property taxes in Riegelwood 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 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 another part of Brunswick County, understanding 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
0.42%
Estimate Property Tax Bill
$660
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, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Riegelwood is 0.42%, which is 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 0.42%. Understanding how these cities compare with Riegelwood 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 Riegelwood Tax Rate
0.42%
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 Riegelwood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28456 | 0.32% | 0.37% | 0.42% | 0.53% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Riegelwood, North Carolina
In Riegelwood, 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 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 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The median home price in Riegelwood is $157,210, with annual tax bills ranging from $432 at the 25th percentile to $1,160 at the 90th percentile. The zip code 28456 has both the highest and lowest median tax bill at $640. 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 Riegelwood, North Carolina
Source: Ownwell
$90,960
$529,140
$967,320
Average Riegelwood Assessed Value
$157,210
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 Riegelwood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28456 | $27,636 | $105,175 | $157,210 | $211,490 | $281,062 |
Source: Ownwell
Property Tax Bills Across Riegelwood, North Carolina
Property tax bills in Riegelwood, located in Brunswick County, NC, are determined by assessing the value of a property and applying the local tax rate to this assessed value. The median home price in Riegelwood is $157,210. To calculate the property tax, the assessed value of the home is multiplied by the local tax rate. Homeowners in Riegelwood can expect to pay a median property tax bill of $640 annually, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and specific local tax rates. For instance, tax bills in the 25th percentile are around $432, while those in the 75th percentile are approximately $903. At the higher end, the 90th percentile tax bill can reach up to $1,160. These variations can significantly impact homeowners, affecting their annual financial planning and overall cost of homeownership.
Average Riegelwood Tax Bill
$640
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 Riegelwood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28456 | $194 | $432 | $640 | $903 | $1,160 |
Source: Ownwell