Albertson, North Carolina Property Taxes
The median property tax rate in Albertson, NC is 0.96%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Albertson at $73,300, the typical annual property tax bill is $799, which is considerably lower than the national median of $2,690. Property taxes in Albertson are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Albertson'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 Albertson or another part of Duplin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Albertson, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$704
$653
Ownwell’s Albertson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Albertson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Albertson 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 Albertson, North Carolina
Property taxes in Albertson, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Albertson is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Albertson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Albertson 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 Albertson's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28508 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these cities compare with Albertson provides valuable insights into the varying tax landscape across Duplin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Albertson Tax Rate
0.96%
Average Duplin County Tax Rate
0.96%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Albertson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28508 | 0.81% | 0.88% | 0.96% | 1.07% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Albertson, North Carolina
In Albertson, 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 Duplin 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 Albertson, 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 Albertson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 28508, with a median tax bill of $799.
Average Albertson Assessed Value
$73,300
Average Duplin County Assessed Value
$70,400
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Albertson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28508 | $12,200 | $45,600 | $73,300 | $121,400 | $190,100 |
Source: Ownwell
Property Tax Bills Across Albertson, North Carolina
In Albertson, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate in Duplin County is applied to this assessed value to derive the annual tax bill. For homeowners in Albertson, the median home price stands at $73,300. Property tax bills can vary significantly, with the 25th percentile paying around $535, while those in the 75th percentile face a bill of approximately $1,297. At the higher end, the 90th percentile sees tax bills reaching up to $2,365. These tax bills are influenced by various factors, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. The median property tax rate in Duplin County is notably lower than the national median of 0.99%. This relatively lower tax burden can make homeownership more affordable in Albertson, especially when compared to regions with higher tax rates.
Average Albertson Tax Bill
$799
Average Duplin County Tax Bill
$757
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Albertson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28508 | $370 | $535 | $799 | $1,297 | $2,365 |
Source: Ownwell