Goldsboro, North Carolina Property Taxes
The median property tax rate in Goldsboro, NC is 0.33%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $55,950 in Goldsboro, the typical annual property tax bill is $186, far below the national median of $2,690. Property taxes in Goldsboro are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Goldsboro'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 Goldsboro 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
Goldsboro, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$185
$171
Ownwell’s Goldsboro Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Goldsboro with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Goldsboro to provide an estimated property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, and it includes any applicable exemptions.
Property Tax Rates Across Goldsboro, North Carolina
Property taxes in Goldsboro, 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 Goldsboro is 0.33%, which is significantly lower than both the North Carolina state median of 0.84% and the U.S. national median of 0.99%. Local government entities within Goldsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goldsboro 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 Goldsboro's effective property tax rate to other counties in North Carolina and the national median. For comparison, ZIP code 27530 in Goldsboro has the highest median property tax rate of 0.34%, while ZIP code 27534 has the lowest median tax rate of 0.32%. Understanding how these areas compare with Goldsboro provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goldsboro Tax Rate
0.33%
Average Greene County Tax Rate
0.97%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goldsboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27534 | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Goldsboro, North Carolina
In Goldsboro, 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 Greene 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 Goldsboro, 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 Goldsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 27534, with a median of $186, which is also the same for the lowest median tax bill.
Property Tax Assessment Values Across Goldsboro, North Carolina
Source: Ownwell
$55,950
$81,008
$106,065
Average Goldsboro Assessed Value
$55,950
Average Greene County Assessed Value
$87,680
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goldsboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27534 | $55,950 | $55,950 | $55,950 | $55,950 | $55,950 |
Source: Ownwell
Property Tax Bills Across Goldsboro, North Carolina
In Goldsboro, Greene County, NC, property tax bills are calculated based on the assessed value of a home. The tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $55,950, homeowners can expect to pay around $186 annually, which aligns with the 25th, 75th, and 90th percentiles in this area. Key factors influencing the tax bill include the property's assessed value and the local tax rate. The assessed value is determined by the county's tax assessor and reflects the property's market value. The local tax rate, set by local government entities, is applied to this assessed value to calculate the final tax bill. Compared to the national median property tax rate of 0.99%, Goldsboro offers relatively low property taxes, making it an attractive option for homeowners. These lower tax bills can significantly affect homeowners by reducing their annual housing costs, thereby potentially increasing disposable income and overall affordability.
Average Goldsboro Tax Bill
$186
Average Greene County Tax Bill
$818
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Goldsboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27534 | $186 | $186 | $186 | $186 | $186 |
Source: Ownwell