Maple, North Carolina Property Taxes
The median property tax rate in Maple, NC is 0.70%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Maple at $176,800, the typical annual property tax bill amounts to $1,146, which is below the national median of $2,690. Property taxes in Maple are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Maple'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 Maple or another part of Currituck County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maple, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,238
$1,148
Ownwell’s Maple Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maple with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maple 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 Maple, North Carolina
Property taxes in Maple, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maple is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Maple set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maple 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 Maple's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27956 has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these areas compare with Maple 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 Maple Tax Rate
0.70%
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 Maple, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27956 | 0.56% | 0.59% | 0.70% | 0.75% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Maple, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Maple, NC. 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 Maple, 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. The median home price in Maple is $176,800, with tax bills ranging from $888 at the 25th percentile to $2,454 at the 90th percentile. The highest and lowest median tax bills are both $1,146, found in the 27956 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Maple Assessed Value
$176,800
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 Maple, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27956 | $98,100 | $124,075 | $176,800 | $293,600 | $379,460 |
Source: Ownwell
Property Tax Bills Across Maple, North Carolina
In Maple, located in Currituck County, NC, property tax bills are determined by assessing the market value of a property and applying the local tax rate. The median home price in Maple is $176,800, and the tax rate is calculated based on this assessed value. Homeowners can expect their tax bills to vary significantly; for instance, the 25th percentile tax bill is $888, while the 75th percentile tax bill reaches $1,905. The highest tax bills, around the 90th percentile, can be as much as $2,454. Factors influencing property tax bills include the property's assessed value, local tax rates, and any applicable exemptions. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services. Homeowners in Maple should be aware that their property tax bills may fluctuate based on changes in property values and local tax policies. Comparing this to the national median property tax rate of 0.99%, Maple's tax rates are relatively moderate, making it an attractive place for homeowners seeking manageable tax obligations.
Average Maple Tax Bill
$1,146
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 Maple, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27956 | $709 | $888 | $1,146 | $1,905 | $2,454 |
Source: Ownwell