Peletier, North Carolina Property Taxes
The median property tax rate in Peletier, NC is 0.55%, 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 Peletier at $292,612, the typical annual property tax bill is $1,615, well below the national median of $2,690. Property taxes in Peletier 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 Peletier'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 Peletier or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Peletier, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,609
$1,493
Ownwell’s Peletier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Peletier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Peletier 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 Peletier, North Carolina
Property taxes in Peletier, 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 Peletier is 0.55%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Peletier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Peletier 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 Peletier's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28584 zip code has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these cities compare with Peletier 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 Peletier Tax Rate
0.55%
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 Peletier, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28584 | 0.52% | 0.52% | 0.55% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Peletier, North Carolina
In Peletier, 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 Peletier, 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 Peletier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Peletier is $292,612, with tax bills ranging from $1,415 at the 25th percentile to $1,802 at the 75th percentile. The highest and lowest median tax bills, both valued at $1,615, are found in zip code 28584.
Property Tax Assessment Values Across Peletier, North Carolina
Source: Ownwell
$70,790
$314,164
$557,538
Average Peletier Assessed Value
$292,612
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 Peletier, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28584 | $264,618 | $271,607 | $292,612 | $310,530 | $311,960 |
Source: Ownwell
Property Tax Bills Across Peletier, North Carolina
In Peletier, Carteret County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $292,612, homeowners can expect tax bills to vary. In Peletier, the 25th percentile tax bill is around $1,415, while the 75th percentile reaches $1,802. The highest median tax bill in the area is $1,615, which is consistent across the zip code 28584. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Peletier offers relatively competitive rates, providing some relief to homeowners. Understanding these calculations can help homeowners anticipate their annual expenses and plan accordingly, ensuring they are prepared for their property tax obligations.
Average Peletier Tax Bill
$1,615
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 Peletier, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28584 | $1,385 | $1,415 | $1,615 | $1,802 | $1,810 |
Source: Ownwell