Pikeville, North Carolina Property Taxes
The median property tax rate in Pikeville, NC is 1.01%, slightly above the national median of 0.99% and significantly higher than the North Carolina state median of 0.82%. With a median home value of $63,750 in Pikeville, the typical annual property tax bill amounts to $572, which is lower than the national median of $2,690. Property taxes in Pikeville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pikeville'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 Pikeville 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
Pikeville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$644
$597
Ownwell’s Pikeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pikeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pikeville 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 Pikeville, North Carolina
Property taxes in Pikeville, North Carolina, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Pikeville is 1.01%, which is higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Pikeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pikeville 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 Pikeville's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27863 has both the highest and lowest median property tax rate of 1.01%. Understanding how these areas compare with Pikeville 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 Pikeville Tax Rate
1.01%
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 Pikeville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27863 | 0.20% | 0.45% | 1.01% | 1.09% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Pikeville, North Carolina
In Pikeville, 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 Pikeville, 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 Pikeville 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 both fall at $572 in the 27863 zip code, highlighting the consistency in tax burdens across different properties.
Property Tax Assessment Values Across Pikeville, North Carolina
Source: Ownwell
$55,950
$81,008
$106,065
Average Pikeville Assessed Value
$63,750
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 Pikeville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27863 | $41,288 | $49,905 | $63,750 | $92,565 | $114,836 |
Source: Ownwell
Property Tax Bills Across Pikeville, North Carolina
In Pikeville, Greene 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 typically reflects the market value of the property. This value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $63,750, homeowners can expect a tax bill around $572, which is consistent across different parts of the city. However, tax bills can vary widely; the 25th percentile tax bill is approximately $415, while the 75th percentile reaches $884, and the 90th percentile can be as high as $1,101. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how their tax bill is calculated helps them anticipate annual expenses and budget accordingly. Compared to the national median property tax rate of 0.99%, Pikeville's rates offer a unique perspective on local property tax dynamics.
Average Pikeville Tax Bill
$572
Average Greene County Tax Bill
$818
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pikeville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27863 | $137 | $415 | $572 | $884 | $1,101 |
Source: Ownwell