Kittrell, North Carolina Property Taxes
The median property tax rate in Kittrell, NC is 0.97%, slightly below the national median of 0.99% but above the North Carolina state median of 0.82%. With the median home value in Kittrell at $95,730, the typical annual property tax bill is $916, which falls below the national median of $2,690. Property taxes in Kittrell are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Kittrell'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 Kittrell or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kittrell, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$929
-$9,732
Ownwell’s Kittrell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kittrell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kittrell 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 Kittrell, North Carolina
Property taxes in Kittrell, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kittrell is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Kittrell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kittrell 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 Kittrell's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27544 zip code has the highest median property tax rate of 0.97%, while the 27544 zip code also has the lowest median tax rate of 0.97%. Understanding how these cities compare with Kittrell provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kittrell Tax Rate
0.97%
Average Franklin County Tax Rate
0.94%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kittrell, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27544 | 0.83% | 0.91% | 0.97% | 1.02% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Kittrell, North Carolina
In Kittrell, 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 Franklin County 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. Assessment notices in Kittrell 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. Understanding the distinction between these valuation concepts helps property owners navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, Kittrell's median home price stands at $95,730, with tax bills ranging from $575 at the 25th percentile to $1,885 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kittrell Assessed Value
$95,730
Average Franklin County Assessed Value
$157,340
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kittrell, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27544 | $16,278 | $60,875 | $95,730 | $140,455 | $215,660 |
Source: Ownwell
Property Tax Bills Across Kittrell, North Carolina
Property tax bills in Kittrell, located in Franklin County, NC, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value, which is evaluated periodically by the county's tax assessor. The tax rate is set by local government bodies and can vary annually based on budgetary needs. For homeowners in Kittrell, understanding their property tax bill involves recognizing several key factors: the assessed value of their home, the local tax rate, and any applicable exemptions. The median home price in Kittrell is $95,730, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $575, while the 75th percentile tax bill rises to $1,265. At the 90th percentile, homeowners might see tax bills as high as $1,885. These taxes fund essential services such as public education, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Kittrell's tax bills reflect the local economic conditions and community needs.
Average Kittrell Tax Bill
$916
Average Franklin County Tax Bill
$1,492
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Kittrell, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27544 | $254 | $575 | $916 | $1,265 | $1,885 |
Source: Ownwell