Craven County, North Carolina Property Taxes
The median property tax rate in Craven County is 0.66%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $192,005 in Craven County, the typical annual property tax bill comes to $1,328, significantly below the national median of $2,690. Property taxes in Craven County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Craven County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in New Bern or another part of Craven County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Craven County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,267
$1,176
Ownwell’s Craven County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Craven County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Craven County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Craven County, North Carolina
Property taxes in Craven County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Craven County is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Craven County set these rates annually, and they can vary significantly between different areas within the county. Each year, Craven County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Havelock has one of the higher property tax rates in the region at 1.15%, while the city of Pollocksville boasts one of the lowest at 0.48%. Analyzing how Craven County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Craven County Tax Rate
0.66%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Craven County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bridgeton | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
| Cove City | 0.49% | 0.51% | 0.54% | 0.58% | 0.78% |
| Dover | 0.51% | 0.54% | 0.56% | 0.66% | 0.89% |
| Ernul | 0.47% | 0.49% | 0.52% | 0.54% | 0.56% |
| Grifton | 0.46% | 0.48% | 0.51% | 0.53% | 0.65% |
| Havelock | 0.51% | 0.53% | 1.15% | 1.17% | 1.18% |
| Kinston | N/A | N/A | N/A | N/A | N/A |
| New Bern | 0.48% | 0.50% | 0.73% | 0.85% | 0.88% |
| Newport | N/A | N/A | N/A | N/A | N/A |
| Pollocksville | 0.47% | 0.48% | 0.48% | 0.48% | 0.49% |
| Trent Woods | 0.65% | 0.66% | 0.66% | 0.67% | 0.67% |
| Vanceboro | 0.46% | 0.48% | 0.50% | 0.53% | 0.90% |
Source: Ownwell
Property Tax Assessment Values Across Craven County, North Carolina
In Craven County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Craven County Appraisal District. The assessed value, however, 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. Assessment notices in Craven County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in the county is $2,989 in Newport, while the lowest is $588 in Grifton. Being aware of these valuation processes in Craven County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Craven County, North Carolina
Source: Ownwell
$106,165
$252,128
$398,090
Average Craven County Assessed Value
$192,005
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Craven County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bridgeton | $55,368 | $99,540 | $162,260 | $223,640 | $326,642 |
| Cove City | $18,000 | $67,602 | $125,230 | $189,315 | $258,440 |
| Dover | $16,200 | $51,838 | $106,165 | $156,075 | $220,494 |
| Ernul | $22,072 | $96,515 | $142,265 | $198,082 | $279,627 |
| Grifton | $14,067 | $29,435 | $112,560 | $183,192 | $280,482 |
| Havelock | $69,646 | $119,690 | $155,560 | $213,380 | $279,620 |
| Kinston | N/A | N/A | N/A | N/A | N/A |
| New Bern | $72,425 | $134,692 | $213,300 | $301,528 | $417,510 |
| Newport | N/A | N/A | N/A | N/A | N/A |
| Pollocksville | $304,680 | $330,005 | $398,090 | $528,510 | $609,980 |
| Trent Woods | $212,362 | $245,180 | $308,730 | $440,652 | $677,902 |
| Vanceboro | $17,256 | $66,200 | $126,070 | $185,160 | $264,944 |
Source: Ownwell
Property Tax Bills Across Craven County, North Carolina
In Craven County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Craven County experience a range of tax bills, with the 25th percentile paying around $784 and the 75th percentile paying approximately $1,926. For those in the 90th percentile, the tax bill can reach up to $2,773. The median home price in Craven County is $192,005, and the property tax rate is influenced by this assessed value. Compared to the national median property tax rate of 0.99%, Craven County's rates can vary significantly, affecting homeowners differently based on their property's value. For instance, residents in Newport face the highest median tax bill at $2,989, while those in Grifton enjoy the lowest median tax bill at $588. These variations highlight the importance of understanding local property tax calculations and their impact on homeowners.
Average Craven County Tax Bill
$1,328
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Craven County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bridgeton | $591 | $959 | $1,737 | $2,197 | $2,943 |
| Cove City | $101 | $367 | $710 | $1,041 | $1,406 |
| Dover | $98 | $314 | $622 | $941 | $1,273 |
| Ernul | $127 | $477 | $754 | $1,004 | $1,422 |
| Grifton | $102 | $236 | $588 | $961 | $1,376 |
| Havelock | $518 | $957 | $1,515 | $1,957 | $2,568 |
| Kinston | N/A | N/A | N/A | N/A | N/A |
| New Bern | $444 | $874 | $1,355 | $1,998 | $2,915 |
| Newport | N/A | N/A | N/A | N/A | N/A |
| Pollocksville | $1,476 | $1,594 | $1,890 | $2,464 | $2,895 |
| Trent Woods | $1,409 | $1,622 | $2,036 | $2,876 | $4,421 |
| Vanceboro | $92 | $332 | $657 | $1,011 | $1,441 |
Source: Ownwell
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