Havelock, North Carolina Property Taxes
The median property tax rate in Havelock, NC is 0.52%, 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 $259,660 in Havelock, the typical annual property tax bill is $898, which is well below the national median of $2,690. Property taxes in Havelock are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Havelock'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 Havelock or another part of Carteret County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Havelock, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$1,350
$1,253
Ownwell’s Havelock Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Havelock with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Havelock to provide an estimate of your property tax bill. This valuable tool helps you anticipate potential tax liabilities. For those interested in more detailed information, you can explore neighborhood-level trends further down the page. 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 Havelock, North Carolina
Property taxes in Havelock, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Havelock is 0.52%, which is significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Havelock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Havelock 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 Havelock's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28532 zip code has the highest median property tax rate of 0.52%, while the same zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Havelock provides valuable insights into the varying tax landscape across Carteret County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Havelock Tax Rate
0.52%
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 Havelock, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28532 | 0.38% | 0.43% | 0.52% | 0.65% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Havelock, North Carolina
In Havelock, 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 Carteret County Tax Office 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 Havelock, 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 Havelock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $259,660, with tax bills ranging from $696 at the 25th percentile to $1,428 at the 90th percentile. The zip code 28532 has the highest and lowest median tax bill at $898.
Property Tax Assessment Values Across Havelock, North Carolina
Source: Ownwell
$70,790
$314,164
$557,538
Average Havelock Assessed Value
$259,660
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 Havelock, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28532 | $102,849 | $161,653 | $259,660 | $280,730 | $293,373 |
Source: Ownwell
Property Tax Bills Across Havelock, North Carolina
In Havelock, located in Carteret County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Havelock is $259,660, which provides a benchmark for understanding property tax obligations in the area. Homeowners in Havelock can expect their property tax bills to vary. For instance, the 25th percentile tax bill is approximately $696, while the 75th percentile tax bill reaches around $1229. At the higher end, the 90th percentile tax bill can go up to $1428. These figures indicate that property taxes can significantly impact household budgets, depending on the assessed value of the property. Comparatively, Carteret County's median tax bill is $898, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can make Havelock an attractive place for homeowners who are mindful of their property tax expenses.
Average Havelock Tax Bill
$898
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 Havelock, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28532 | $574 | $696 | $898 | $1,229 | $1,428 |
Source: Ownwell