Pollocksville, Craven County, North Carolina Property Taxes
The median property tax rate in Pollocksville, NC is 0.48%, 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 $398,090 in Pollocksville, the typical annual property tax bill amounts to $1,890, which is well below the national median of $2,690. Property taxes in Pollocksville are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Pollocksville'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 Pollocksville or another part of Craven County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pollocksville, Craven County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.48%
Estimate Property Tax Bill
$1,911
$1,773
Ownwell’s Pollocksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pollocksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pollocksville 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 Pollocksville, Craven County, North Carolina
Property taxes in Pollocksville, 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 Pollocksville is 0.48%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Pollocksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pollocksville 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 Pollocksville's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28573 has both the highest and lowest median property tax rate of 0.48%. Understanding how these areas compare with Pollocksville 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.
Property Tax Rates Across Pollocksville, Craven County, North Carolina
Source: Ownwell
0.48%
0.82%
1.15%
Average Pollocksville Tax Rate
0.48%
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 Pollocksville, Craven County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28573 | 0.47% | 0.48% | 0.48% | 0.48% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Pollocksville, Craven County, North Carolina
In Pollocksville, 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 Pollocksville, 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 Pollocksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pollocksville is $398,090, with the 25th percentile tax bill at $1,594 and the 75th percentile tax bill at $2,464. Interestingly, the zip code 28573 holds both the highest and lowest median tax bill at $1,890.
Property Tax Assessment Values Across Pollocksville, Craven County, North Carolina
Source: Ownwell
$106,165
$252,128
$398,090
Average Pollocksville Assessed Value
$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 Pollocksville, Craven County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28573 | $304,680 | $330,005 | $398,090 | $528,510 | $609,980 |
Source: Ownwell
Property Tax Bills Across Pollocksville, Craven County, North Carolina
In Pollocksville, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the Craven County tax assessor and reflects the market value of the property. Homeowners in Pollocksville can expect their property tax bills to vary within a certain range. For instance, the tax bill at the 25th percentile is approximately $1,594, while at the 75th percentile, it rises to about $2,464. The highest tax bills, around the 90th percentile, can reach up to $2,895. When compared to the national median property tax rate of 0.99%, Pollocksville's tax rates can significantly impact homeowners. Factors such as property size, location, and market conditions play crucial roles in determining the assessed value, which in turn influences the tax bill. Understanding these elements helps homeowners anticipate their financial responsibilities and plan accordingly. The highest and lowest median tax bills in Pollocksville are both recorded at $1,890, indicating a relatively consistent tax environment within the zip code 28573.
Property Tax Bills Across Pollocksville, Craven County, North Carolina
Source: Ownwell
$588
$1,312
$2,036
Average Pollocksville Tax Bill
$1,890
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 Pollocksville, Craven County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28573 | $1,476 | $1,594 | $1,890 | $2,464 | $2,895 |
Source: Ownwell