Manns Harbor, North Carolina Property Taxes
The median property tax rate in Manns Harbor, NC is 0.57%, significantly lower than both the national median of 0.99% and North Carolina's state median of 0.82%. With the median home value in Manns Harbor at $167,600, the typical annual property tax bill reaches $863, well below the national median of $2,690. Property taxes in Manns Harbor are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Manns Harbor'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 Manns Harbor or another part of Dare County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Manns Harbor, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$955
$887
Ownwell’s Manns Harbor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manns Harbor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manns Harbor 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 Manns Harbor, North Carolina
Property taxes in Manns Harbor, North Carolina, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Manns Harbor is 0.57%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Manns Harbor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manns Harbor 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 Manns Harbor's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27953 has both the highest and lowest median property tax rate of 0.57%. Understanding how these areas compare with Manns Harbor provides valuable insights into the varying tax landscape across Dare County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Manns Harbor Tax Rate
0.57%
Average Dare County Tax Rate
0.64%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manns Harbor, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27953 | 0.51% | 0.51% | 0.57% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Manns Harbor, North Carolina
In Manns Harbor, 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 Dare 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 Manns Harbor, 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 Manns Harbor is $167,600, with tax bills ranging from $612 at the 25th percentile to $2,257 at the 90th percentile. The zip code 27953 records the highest median tax bill at $863. 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 Manns Harbor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Manns Harbor, North Carolina
Source: Ownwell
$167,600
$362,100
$556,600
Average Manns Harbor Assessed Value
$167,600
Average Dare County Assessed Value
$355,020
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Manns Harbor, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27953 | $77,157 | $116,550 | $167,600 | $264,750 | $410,882 |
Source: Ownwell
Property Tax Bills Across Manns Harbor, North Carolina
In Manns Harbor, located in Dare 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 this area is $167,600. Property taxes are determined by multiplying the assessed value of the property by the tax rate set by the county. For instance, homeowners in Manns Harbor can expect tax bills that range significantly; the 25th percentile tax bill is $612, while the 75th percentile tax bill is $1,408. At the 90th percentile, the tax bill can reach up to $2,257. These figures demonstrate how property taxes can vary widely within the same area, influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, homeowners in Manns Harbor experience a range of tax burdens, which can impact their overall cost of living and financial planning.
Average Manns Harbor Tax Bill
$863
Average Dare County Tax Bill
$2,313
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Manns Harbor, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27953 | $378 | $612 | $863 | $1,408 | $2,257 |
Source: Ownwell