Swansboro, North Carolina Property Taxes
The median property tax rate in Swansboro, NC is 0.62%, 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 $162,079 in Swansboro, the typical annual property tax bill is $977, which is also well below the national median of $2,690. Property taxes in Swansboro are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Swansboro'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 Swansboro 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
Swansboro, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$1,005
$933
Ownwell’s Swansboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Swansboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Swansboro 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 Carteret County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Swansboro, North Carolina
Property taxes in Swansboro, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Swansboro is 0.62%, lower than the U.S. national median of 0.99%. Local government entities within Swansboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Swansboro 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 Swansboro's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28584 has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these areas compare with Swansboro 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 Swansboro Tax Rate
0.62%
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 Swansboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28584 | 0.51% | 0.56% | 0.62% | 0.68% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Swansboro, North Carolina
In Swansboro, 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 Swansboro, 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. Swansboro's median home price is $162,079, with tax bills ranging from $642 at the 25th percentile to $2,081 at the 90th percentile. The zip code 28584 has both the highest and lowest median tax bill at $977. 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 Swansboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Swansboro, North Carolina
Source: Ownwell
$70,790
$314,164
$557,538
Average Swansboro Assessed Value
$162,079
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 Swansboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28584 | $57,750 | $100,970 | $162,079 | $242,713 | $352,167 |
Source: Ownwell
Property Tax Bills Across Swansboro, North Carolina
In Swansboro, property tax bills are calculated based on the assessed value of the property and the local tax rate set by Carteret County. The assessed value is determined by the county assessor and typically reflects the market value of the home. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Swansboro, the median home price is $162,079. Property tax bills can vary significantly, with the 25th percentile tax bill at $642 and the 75th percentile at $1,380, indicating a range of what homeowners might expect to pay. At the 90th percentile, the tax bill can reach up to $2,081. Compared to the national median property tax rate of 0.99%, Swansboro's property tax bills are relatively moderate. These taxes fund essential community services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Understanding how these factors interplay can help homeowners better anticipate their annual property tax obligations.
Average Swansboro Tax Bill
$977
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 Swansboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28584 | $434 | $642 | $977 | $1,380 | $2,081 |
Source: Ownwell