Warsaw, North Carolina Property Taxes
The median property tax rate in Warsaw, NC is 1.09%, which is notably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Warsaw at $64,100, the typical annual property tax bill amounts to $758, surpassing the national median of $2,690. Property taxes in Warsaw are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Warsaw'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 Warsaw or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Warsaw, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$699
$648
Ownwell’s Warsaw Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warsaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warsaw 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 Warsaw, North Carolina
Property taxes in Warsaw, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warsaw is 1.09%, which is higher than the U.S. national median of 0.99%. Local government entities within Warsaw set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warsaw 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 Warsaw's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28398 has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Warsaw 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 Warsaw Tax Rate
1.09%
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 Warsaw, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28398 | 0.80% | 0.90% | 1.09% | 1.31% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Warsaw, North Carolina
In Warsaw, 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 Warsaw, 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 Warsaw helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $758.00, found in the zip code 28398.
Average Warsaw Assessed Value
$64,100
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 Warsaw, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28398 | $15,500 | $38,150 | $64,100 | $98,650 | $154,200 |
Source: Ownwell
Property Tax Bills Across Warsaw, North Carolina
Property tax bills in Warsaw, located in Duplin County, NC, are calculated based on the assessed value of a property and the local tax rate. The median home price in Warsaw is $64,100, which serves as a basis for determining the assessed value. Local authorities then apply the relevant tax rate to this assessed value to compute the annual property tax bill. Factors influencing the property tax bill include the assessed value of the home, any applicable exemptions, and the specific tax rate set by Duplin County. Homeowners in Warsaw can expect to pay varying amounts depending on their property's assessed value. For instance, the tax bill at the 25th percentile is $505, while at the 75th percentile, it rises to $1,201. At the 90th percentile, homeowners might see a tax bill as high as $1,851. These property taxes play a crucial role in funding local services, impacting homeowners by contributing to community resources such as schools, public safety, and infrastructure.
Average Warsaw Tax Bill
$758
Average Duplin County Tax Bill
$757
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Warsaw, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28398 | $338 | $505 | $758 | $1,201 | $1,851 |
Source: Ownwell