Kittrell, North Carolina Property Taxes
The median property tax rate in Kittrell, 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 $139,512 in Kittrell, the typical annual property tax bill amounts to $1,185, which is lower than the national median of $2,690. Property taxes in Kittrell are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. 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 Granville 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
0.95%
Estimate Property Tax Bill
$1,325
$1,230
Ownwell’s Kittrell Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kittrell with just two inputs. By entering your property's estimated assessed value, the calculator uses the median tax rate in Kittrell to provide an estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Kittrell, North Carolina
Property taxes in Kittrell, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kittrell is 0.95%, which is slightly below 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 areas in Granville County and the national median. For comparison, the ZIP code 27544 has both the highest and lowest median property tax rate of 0.95%, which is the same as Kittrell's rate. Understanding how these areas compare with Kittrell provides valuable insights into the varying tax landscape across Granville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kittrell Tax Rate
0.95%
Average Granville County Tax Rate
1.00%
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 | 0.71% | 0.92% | 0.95% | 1.01% | 1.09% |
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 the Granville 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 Kittrell, 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. The median home price in Kittrell is $139,512, with the 25th percentile tax bill at $806 and the 75th percentile tax bill at $1,802. The highest and lowest median tax bills are both $1,185 in zip code 27544. Being aware of these valuation processes in Kittrell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kittrell, North Carolina
Source: Ownwell
$56,307
$184,729
$313,151
Average Kittrell Assessed Value
$139,512
Average Granville County Assessed Value
$137,588
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 | $56,547 | $85,714 | $139,512 | $197,218 | $269,353 |
Source: Ownwell
Property Tax Bills Across Kittrell, North Carolina
In Kittrell, located in Granville County, NC, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. With a median home price of $139,512, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $806, while those in the 75th percentile might see tax bills closer to $1,802. At the 90th percentile, tax bills can reach up to $2,317. Factors influencing the tax bill include the property's assessed value, any applicable exemptions, and the local tax rate. For homeowners, these property taxes contribute to funding essential public services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Kittrell’s rates provide a context for understanding local tax obligations. Homeowners should stay informed about their property's assessed value and any potential changes in the tax rate to manage their financial planning effectively.
Average Kittrell Tax Bill
$1,185
Average Granville County Tax Bill
$1,476
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 | $490 | $806 | $1,185 | $1,802 | $2,317 |
Source: Ownwell