Pink Hill, North Carolina Property Taxes
The median property tax rate in Pink Hill, NC is 0.92%, 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 Pink Hill at $72,900, the typical annual property tax bill is $731, which is significantly below the national median of $2,690. Property taxes in Pink Hill are calculated based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural properties. By understanding Pink Hill's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Pink Hill or another part of Duplin County, being well-versed in the local property tax system is crucial for financial planning and investment strategies.
Last Updated June 14, 2024
Pink Hill, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$671
-$7,029
Ownwell’s Pink Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pink Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pink Hill 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 Pink Hill, North Carolina
Property taxes in Pink Hill, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pink Hill is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Pink Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pink Hill 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 Pink Hill's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 28572 zip code has the median property tax rate of 0.92%. Understanding how these areas compare with Pink Hill 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 Pink Hill Tax Rate
0.92%
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 Pink Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28572 | 0.78% | 0.84% | 0.92% | 1.01% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Pink Hill, North Carolina
In Pink Hill, 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 Pink Hill, 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 Pink Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $731 in zip code 28572, reflecting the uniformity in property tax assessments within this region.
Average Pink Hill Assessed Value
$72,900
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 Pink Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28572 | $18,200 | $46,850 | $72,900 | $113,900 | $173,600 |
Source: Ownwell
Property Tax Bills Across Pink Hill, North Carolina
In Pink Hill, located in Duplin County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $72,900, homeowners can expect varying tax bills depending on their property’s assessed value. The 25th percentile tax bill is around $516, while the 75th percentile tax bill reaches approximately $1,116, and the 90th percentile peaks at $1,672. Compared to the national median property tax rate of 0.99%, Pink Hill's rates can be seen as relatively moderate. This calculation affects homeowners by influencing their annual financial obligations. Higher property values or tax rates result in higher tax bills, which can impact a homeowner's budget and overall affordability of living in the area. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Pink Hill Tax Bill
$731
Average Duplin County Tax Bill
$757
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pink Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28572 | $314 | $516 | $731 | $1,116 | $1,672 |
Source: Ownwell