Harrells, North Carolina Property Taxes
The median property tax rate in Harrells, NC is 0.95%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $69,700 in Harrells, the typical annual property tax bill amounts to $836, which is significantly lower than the national median of $2,690. Property taxes in Harrells are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Harrells' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Harrells or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harrells, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$662
$614
Ownwell’s HARRELLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HARRELLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HARRELLS 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 Harrells, North Carolina
Property taxes in Harrells, North Carolina, play a crucial role in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrells is 0.95%, slightly lower than the U.S. national median of 0.99%. Local government entities within Harrells set these rates annually, and they can vary across different neighborhoods. Each year, Harrells 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 Harrells' effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28444 has both the highest and lowest median property tax rate of 0.95%. Understanding how these areas compare with Harrells 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 Harrells Tax Rate
0.95%
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 Harrells, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28444 | 0.83% | 0.85% | 0.95% | 1.04% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Harrells, North Carolina
In Harrells, 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 Harrells, 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 Harrells helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Harrells has a median home price of $69,700, with the highest median tax bill being $836 in the 28444 zip code.
Average Harrells Assessed Value
$69,700
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 Harrells, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28444 | $34,720 | $54,850 | $69,700 | $112,025 | $156,730 |
Source: Ownwell
Property Tax Bills Across Harrells, North Carolina
In Harrells, located in Duplin County, NC, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's market value, assessment practices, and any applicable exemptions or reductions. For homeowners in Harrells, the median home price is $69,700. The tax bill can vary significantly, with the 25th percentile at $556 and the 75th percentile at $1,105. At the higher end, the 90th percentile tax bill reaches $1,399. These figures illustrate the range of property tax obligations homeowners might face. Compared to the national median property tax rate of 0.99%, the tax rates in Harrells can impact homeowners differently depending on their property's assessed value. Understanding these factors is crucial for homeowners as they plan their finances and consider the overall affordability of their homes.
Average Harrells Tax Bill
$836
Average Duplin County Tax Bill
$757
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrells, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28444 | $332 | $556 | $836 | $1,105 | $1,399 |
Source: Ownwell