Aydlett, North Carolina Property Taxes
The median property tax rate in Aydlett, NC is 0.64%, 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 $209,700 in Aydlett, the typical annual property tax bill is about $1,357, significantly less than the national median of $2,690. Property taxes in Aydlett are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Aydlett's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Aydlett or another part of Currituck County, mastering the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aydlett, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,342
$1,245
Ownwell’s Aydlett Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aydlett with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aydlett 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 Aydlett, North Carolina
Property taxes in Aydlett, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aydlett is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Aydlett set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aydlett 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 Aydlett's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27916 within Currituck County has the same median property tax rate of 0.64%. Understanding how these areas compare with Aydlett provides valuable insights into the varying tax landscape across Currituck County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aydlett Tax Rate
0.64%
Average Currituck County Tax Rate
0.71%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aydlett, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27916 | 0.56% | 0.56% | 0.64% | 0.69% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Aydlett, North Carolina
In Aydlett, 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 Currituck 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 Aydlett, 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 Aydlett helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Aydlett is $209,700, with tax bills ranging from $966 at the 25th percentile to $3,007 at the 90th percentile. The highest and lowest median tax bills are both $1,357 in the zip code 27916.
Average Aydlett Assessed Value
$209,700
Average Currituck County Assessed Value
$330,900
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aydlett, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27916 | $80,560 | $143,250 | $209,700 | $331,375 | $529,040 |
Source: Ownwell
Property Tax Bills Across Aydlett, North Carolina
In Aydlett, located in Currituck County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Aydlett is $209,700, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as the property's location, size, and any applicable exemptions are also considered. For example, the 25th percentile tax bill is $966, indicating that a quarter of homeowners pay this amount or less annually. On the higher end, the 75th percentile tax bill is $1,963, while the 90th percentile reaches $3,007. Comparatively, the highest and lowest median tax bills in the area are both $1,357, aligning with the zip code 27916. Understanding these figures helps homeowners anticipate their financial obligations and manage their budgets accordingly, especially when compared to the national median property tax rate of 0.99%.
Average Aydlett Tax Bill
$1,357
Average Currituck County Tax Bill
$2,308
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Aydlett, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27916 | $485 | $966 | $1,357 | $1,963 | $3,007 |
Source: Ownwell