Maysville, North Carolina Property Taxes
The median property tax rate in Maysville, NC is 0.57%, which is 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 $152,306 in Maysville, the typical annual property tax bill is approximately $934, well below the national median of $2,690. Property taxes in Maysville 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 Maysville'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 Maysville 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
Maysville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$868
$806
Ownwell’s Maysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maysville 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 Maysville, North Carolina
Property taxes in Maysville, 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 Maysville is 0.57%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Maysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maysville 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. For comparison, the highest and lowest median property tax rates in Carteret County are both 0.57%, found in the 28555 zip code. Understanding how these cities compare with Maysville 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 Maysville Tax Rate
0.57%
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 Maysville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28555 | 0.45% | 0.49% | 0.57% | 0.59% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Maysville, North Carolina
In Maysville, 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 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 Maysville, 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 Maysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28555 has the highest and lowest median tax bill of $934.
Property Tax Assessment Values Across Maysville, North Carolina
Source: Ownwell
$70,790
$314,164
$557,538
Average Maysville Assessed Value
$152,306
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 Maysville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28555 | $109,931 | $125,822 | $152,306 | $194,824 | $220,334 |
Source: Ownwell
Property Tax Bills Across Maysville, North Carolina
In Maysville, Carteret County, NC, property tax bills are calculated based on the assessed value of a homeowner's property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. For instance, with a median home price of $152,306, homeowners can expect their property tax bill to vary. Factors such as property location, size, and improvements are considered during the assessment. The local tax rate is then applied to this assessed value to calculate the annual tax bill. In Maysville, the tax bill for the 25th percentile is around $672, while the 75th percentile reaches $1,146, and the 90th percentile peaks at $1,274. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Maysville's tax rates offer a relatively affordable option for homeowners.
Average Maysville Tax Bill
$934
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 Maysville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28555 | $515 | $672 | $934 | $1,146 | $1,274 |
Source: Ownwell