Smyrna, North Carolina Property Taxes
The median property tax rate in Smyrna, NC is 0.64%, 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 Smyrna, the typical annual property tax bill is $930, which is well below the national median of $2,690. Property taxes in Smyrna are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Smyrna'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 Smyrna or another part of Carteret County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Smyrna, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$855
$794
Ownwell’s Smyrna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Smyrna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Smyrna 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 Smyrna, North Carolina
Property taxes in Smyrna, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Smyrna is 0.64%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Smyrna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Smyrna 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 Smyrna's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28579 has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Smyrna 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 Smyrna Tax Rate
0.64%
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 Smyrna, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28579 | 0.54% | 0.58% | 0.64% | 0.73% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Smyrna, North Carolina
In Smyrna, 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 Smyrna, 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 Smyrna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Smyrna is $133,615, with tax bills ranging from $618 at the 25th percentile to $2,040 at the 90th percentile. The highest and lowest median tax bills, both $930, are found in the 28579 zip code.
Average Smyrna Assessed Value
$133,615
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 Smyrna, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28579 | $41,552 | $82,633 | $133,615 | $223,649 | $341,802 |
Source: Ownwell
Property Tax Bills Across Smyrna, North Carolina
In Smyrna, Carteret County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. 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 $133,615, homeowners can expect a range of tax bills. The 25th percentile tax bill is approximately $618, while the 75th percentile tax bill reaches around $1,486, and the 90th percentile tax bill can be as high as $2,040. Several factors influence the assessed value, including the property's market value, location, and any improvements made to the home. These property taxes fund essential local services such as schools, road maintenance, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, homeowners in Smyrna experience a varied tax burden, reflecting the diverse property values within the area.
Average Smyrna Tax Bill
$930
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 Smyrna, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28579 | $377 | $618 | $930 | $1,486 | $2,040 |
Source: Ownwell