Shiloh, North Carolina Property Taxes
The median property tax rate in Shiloh, NC is 0.64%, 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 Shiloh, the typical annual property tax bill reaches $1,131, significantly less than the national median of $2,690. Property taxes in Shiloh 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 Shiloh'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 Shiloh 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
Shiloh, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,164
Ownwell’s Shiloh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shiloh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shiloh 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 Shiloh, North Carolina
Property taxes in Shiloh, 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 Shiloh is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Shiloh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shiloh 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 Shiloh's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27974 zip code has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Shiloh provides valuable insights into the varying tax landscape across Camden County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shiloh Tax Rate
0.64%
Average Camden County Tax Rate
0.62%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shiloh, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27974 | 0.53% | 0.60% | 0.64% | 0.70% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Shiloh, North Carolina
In Shiloh, 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 Camden 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 Shiloh, 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 Shiloh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Shiloh are both $1131, with the zip code 27974 reflecting this value.
Average Shiloh Assessed Value
$181,884
Average Camden County Assessed Value
$282,772
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shiloh, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27974 | $60,174 | $114,448 | $181,884 | $282,438 | $428,260 |
Source: Ownwell
Property Tax Bills Across Shiloh, North Carolina
In Shiloh, Camden County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Shiloh, the median home price is $181,884. Tax bills can vary significantly, with the 25th percentile tax bill being $700 and the 75th percentile tax bill reaching $1,751. The 90th percentile tax bill can go up to $2,540, indicating a wide range in property tax liabilities. The highest and lowest median tax bill in the area is $1,131, which is notably higher than the national median property tax rate of 0.99%. These taxes fund essential public services such as schools, infrastructure, and emergency services, impacting the overall quality of life for homeowners. Understanding how these factors influence property tax bills can help homeowners in Shiloh better plan their finances and anticipate future tax obligations.
Average Shiloh Tax Bill
$1,131
Average Camden County Tax Bill
$1,669
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Shiloh, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27974 | $390 | $700 | $1,131 | $1,751 | $2,540 |
Source: Ownwell