Havelock, North Carolina Property Taxes
The median property tax rate in Havelock, NC is 1.15%, which is considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Havelock at $155,560, the typical annual property tax bill reaches $1,515, still below the national median of $2,690. Property taxes in Havelock are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Havelock'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 Havelock 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
Havelock, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,789
$1,660
Ownwell’s Havelock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Havelock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Havelock 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 Havelock, North Carolina
Property taxes in Havelock, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Havelock is 1.15%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Havelock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Havelock 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 Havelock's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28532 zip code has both the highest and lowest median property tax rate of 1.15%. Understanding how these areas compare with Havelock provides valuable insights into the varying tax landscape across Craven County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Havelock Tax Rate
1.15%
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 Havelock, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28532 | 0.51% | 0.53% | 1.15% | 1.17% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Havelock, North Carolina
In Havelock, 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 Craven 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 Havelock, 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 Havelock helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Havelock is $155,560, with tax bills ranging from $957 at the 25th percentile to $2,568 at the 90th percentile. The zip code 28532 has the highest and lowest median tax bill of $1,515.
Property Tax Assessment Values Across Havelock, North Carolina
Source: Ownwell
$106,165
$346,580
$586,995
Average Havelock Assessed Value
$155,560
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 Havelock, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28532 | $69,646 | $119,690 | $155,560 | $213,380 | $279,620 |
Source: Ownwell
Property Tax Bills Across Havelock, North Carolina
In Havelock, Craven County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. Homeowners in Havelock experience a range of property tax bills, influenced by the assessed value of their homes and the local tax rate. For instance, the median home price in Havelock is $155,560. Property tax bills can vary significantly, with the 25th percentile at $957 and the 75th percentile reaching $1,957. The 90th percentile tax bill can go up to $2,568. This variability highlights how different property values and specific local tax rates impact the final tax bill. Comparatively, the national median property tax rate is 0.99%, which can help homeowners in Havelock gauge where they stand in relation to the broader national landscape. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and plan their finances accordingly.
Average Havelock Tax Bill
$1,515
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 Havelock, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28532 | $518 | $957 | $1,515 | $1,957 | $2,568 |
Source: Ownwell