Carteret County, North Carolina Property Taxes
The median property tax rate in Carteret County is 0.55%, which is 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 Carteret County at $225,462, the typical annual property tax bill is approximately $1,125, well below the national median of $2,690. Property taxes in Carteret County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Carteret County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Beaufort or another part of Carteret County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carteret County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,240
$1,151
Ownwell’s Carteret County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Carteret County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Carteret County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Carteret County, North Carolina
Property taxes in Carteret County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Carteret County is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Carteret County set these rates annually, and they can vary significantly between different areas within the county. Each year, Carteret County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Beaufort has one of the higher property tax rates in North Carolina at 0.77%, while the city of Havelock boasts one of the lowest at 0.52%. Analyzing how Carteret County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Carteret County Tax Rate
0.55%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carteret County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlantic | 0.56% | 0.61% | 0.69% | 0.80% | 1.18% |
| Atlantic Beach | 0.34% | 0.34% | 0.34% | 0.35% | 0.36% |
| Beaufort | 0.53% | 0.59% | 0.77% | 0.89% | 0.93% |
| Cape Carteret | 0.58% | 0.68% | 0.69% | 0.69% | 0.69% |
| Cedar Island | 0.60% | 0.63% | 0.68% | 0.77% | 1.07% |
| Cedar Point | 0.59% | 0.62% | 0.62% | 0.62% | 0.63% |
| Davis | 0.55% | 0.60% | 0.66% | 0.74% | 0.91% |
| Emerald Isle | 0.54% | 0.56% | 0.59% | 0.62% | 0.65% |
| Gloucester | 0.56% | 0.59% | 0.64% | 0.81% | 1.34% |
| Harkers Island | 0.46% | 0.50% | 0.55% | 0.61% | 0.71% |
| Havelock | N/A | N/A | N/A | N/A | N/A |
| Marshallberg | 0.56% | 0.59% | 0.65% | 0.72% | 0.94% |
| Maysville | N/A | N/A | N/A | N/A | N/A |
| Morehead City | 0.34% | 0.35% | 0.35% | 0.51% | 0.55% |
| Newport | 0.35% | 0.46% | 0.53% | 0.61% | 0.75% |
| Peletier | N/A | N/A | N/A | N/A | N/A |
| Pine Knoll Shores | N/A | N/A | N/A | N/A | N/A |
| Sealevel | 0.57% | 0.61% | 0.72% | 0.92% | 1.58% |
| Smyrna | 0.54% | 0.58% | 0.64% | 0.73% | 1.17% |
| Stacy | 0.49% | 0.59% | 0.66% | 0.74% | 0.95% |
| Stella | 0.49% | 0.55% | 0.58% | 0.65% | 0.74% |
| Swansboro | 0.51% | 0.56% | 0.62% | 0.68% | 0.78% |
| Williston | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Carteret County, North Carolina
In Carteret County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Carteret County Appraisal District. The assessed value, however, 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. Assessment notices in Carteret County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Emerald Isle has the highest median tax bill at $2,206, while Sealevel has the lowest at $548. Being aware of these valuation processes in Carteret County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Carteret County, North Carolina
Source: Ownwell
$70,790
$224,368
$377,945
Average Carteret County Assessed Value
$225,462
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carteret County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlantic | $32,820 | $60,764 | $93,064 | $159,152 | $264,213 |
| Atlantic Beach | $116,000 | $192,908 | $305,000 | $468,592 | $745,793 |
| Beaufort | $59,375 | $107,022 | $188,545 | $317,514 | $474,528 |
| Cape Carteret | $140,800 | $188,759 | $234,255 | $294,724 | $422,798 |
| Cedar Island | $38,421 | $72,025 | $112,672 | $172,103 | $230,682 |
| Cedar Point | $129,950 | $187,530 | $280,170 | $379,304 | $517,217 |
| Davis | $49,047 | $82,451 | $112,344 | $162,747 | $294,638 |
| Emerald Isle | $184,760 | $282,150 | $377,945 | $552,522 | $793,440 |
| Gloucester | $26,681 | $60,922 | $132,882 | $209,660 | $358,894 |
| Harkers Island | $67,774 | $110,214 | $173,767 | $306,018 | $496,972 |
| Havelock | N/A | N/A | N/A | N/A | N/A |
| Marshallberg | $50,684 | $88,524 | $127,009 | $198,422 | $314,866 |
| Maysville | N/A | N/A | N/A | N/A | N/A |
| Morehead City | $107,500 | $156,542 | $221,694 | $315,406 | $488,826 |
| Newport | $53,013 | $98,694 | $155,144 | $244,624 | $359,968 |
| Peletier | N/A | N/A | N/A | N/A | N/A |
| Pine Knoll Shores | N/A | N/A | N/A | N/A | N/A |
| Sealevel | $17,100 | $40,416 | $70,790 | $137,041 | $250,442 |
| Smyrna | $41,552 | $82,633 | $133,615 | $223,649 | $341,802 |
| Stacy | $41,543 | $69,062 | $110,769 | $160,739 | $255,862 |
| Stella | $75,108 | $115,498 | $194,256 | $277,062 | $423,380 |
| Swansboro | $57,750 | $100,970 | $162,079 | $242,713 | $352,167 |
| Williston | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Carteret County, North Carolina
In Carteret County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area stands at $225,462. Homeowners in Carteret County can expect their property tax bills to vary widely, with the 25th percentile paying around $669 and the 75th percentile facing bills of approximately $1852. For those in the 90th percentile, tax bills can reach up to $2899. Several factors influence these tax bills, including the assessed value of the property, any applicable exemptions, and the specific tax rate set by local authorities. The highest median tax bill in the county is found in Emerald Isle at $2206, while Sealevel has the lowest at $548. Compared to the national median property tax rate of 0.99%, Carteret County’s tax rates can significantly affect homeowners, making it essential for residents to understand how their tax bills are determined and explore any available exemptions to potentially lower their obligations.
Average Carteret County Tax Bill
$1,125
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Carteret County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Atlantic | $324 | $469 | $649 | $1,016 | $1,684 |
| Atlantic Beach | $409 | $671 | $1,062 | $1,625 | $2,568 |
| Beaufort | $463 | $765 | $1,320 | $2,301 | $3,555 |
| Cape Carteret | $859 | $1,241 | $1,557 | $1,969 | $2,783 |
| Cedar Island | $360 | $561 | $799 | $1,143 | $1,434 |
| Cedar Point | $811 | $1,108 | $1,706 | $2,345 | $3,243 |
| Davis | $409 | $562 | $757 | $1,078 | $1,917 |
| Emerald Isle | $1,197 | $1,721 | $2,206 | $3,121 | $4,456 |
| Gloucester | $312 | $491 | $903 | $1,333 | $2,342 |
| Harkers Island | $453 | $635 | $959 | $1,551 | $2,390 |
| Havelock | N/A | N/A | N/A | N/A | N/A |
| Marshallberg | $433 | $606 | $818 | $1,238 | $1,966 |
| Maysville | N/A | N/A | N/A | N/A | N/A |
| Morehead City | $387 | $585 | $969 | $1,318 | $2,033 |
| Newport | $342 | $502 | $804 | $1,251 | $1,847 |
| Peletier | N/A | N/A | N/A | N/A | N/A |
| Pine Knoll Shores | N/A | N/A | N/A | N/A | N/A |
| Sealevel | $251 | $337 | $548 | $946 | $1,575 |
| Smyrna | $377 | $618 | $930 | $1,486 | $2,040 |
| Stacy | $363 | $481 | $724 | $1,030 | $1,603 |
| Stella | $541 | $725 | $1,136 | $1,603 | $2,294 |
| Swansboro | $434 | $642 | $977 | $1,380 | $2,081 |
| Williston | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell