Beulaville, North Carolina Property Taxes
The median property tax rate in Beulaville, NC is 0.90%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Beulaville at $72,000, the typical annual property tax bill amounts to $681, which is significantly below the national median of $2,690. Property taxes in Beulaville are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Beulaville'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 Beulaville 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
Beulaville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$648
$601
Ownwell’s Beulaville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beulaville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beulaville 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 Beulaville, North Carolina
Property taxes in Beulaville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beulaville is 0.90%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Beulaville set these rates annually, and they can vary across different neighborhoods. Each year, Beulaville 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 Beulaville's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28518 has both the highest and the lowest median property tax rate of 0.90%. Understanding how these areas compare with Beulaville 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 Beulaville Tax Rate
0.90%
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 Beulaville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28518 | 0.73% | 0.79% | 0.90% | 1.00% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Beulaville, North Carolina
In Beulaville, 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 Beulaville, 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. For instance, the median home price in Beulaville is $72,000, with tax bills ranging from $474 at the 25th percentile to $1,614 at the 90th percentile. The zip code 28518 has the highest and lowest median tax bill at $681. 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 Beulaville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Beulaville, North Carolina
Source: Ownwell
$61,300
$73,650
$86,000
Average Beulaville Assessed Value
$72,000
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 Beulaville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28518 | $16,480 | $44,800 | $72,000 | $112,800 | $174,880 |
Source: Ownwell
Property Tax Bills Across Beulaville, North Carolina
In Beulaville, located in Duplin County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Beulaville, the median home price is $72,000. Property tax bills can vary significantly within the area. For instance, the 25th percentile tax bill is $474, while the 75th percentile tax bill is $1076, and the 90th percentile tax bill reaches up to $1614. This variation is influenced by factors such as the property's location, size, and any applicable exemptions. Comparatively, the national median property tax rate stands at 0.99%, which helps put these figures into perspective. For homeowners, understanding these factors is crucial as property taxes impact overall housing affordability and long-term financial planning. In Beulaville's 28518 zip code, the median tax bill is $681, reflecting the localized nature of property tax assessments.
Average Beulaville Tax Bill
$681
Average Duplin County Tax Bill
$757
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Beulaville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28518 | $258 | $474 | $681 | $1,076 | $1,614 |
Source: Ownwell