Snow Hill, North Carolina Property Taxes
The median property tax rate in Snow Hill, NC is 0.98%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Snow Hill at $89,580, the typical annual property tax bill reaches $855, which is below the national median of $2,690. Property taxes in Snow Hill are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Snow Hill'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 Snow Hill 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
Snow Hill, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$878
$815
Ownwell’s Snow Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Snow Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Snow Hill 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 Snow Hill, North Carolina
Property taxes in Snow Hill, 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 Snow Hill is 0.98%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Snow Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Snow Hill 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 Snow Hill's effective property tax rate to other areas in Greene County and the national median. For comparison, the zip code 28580 has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Snow Hill 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 Snow Hill Tax Rate
0.98%
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 Snow Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28580 | 0.51% | 0.92% | 0.98% | 1.06% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Snow Hill, North Carolina
In Snow Hill, 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 Snow Hill, 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 Snow Hill 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 are both $855, found in the 28580 zip code.
Property Tax Assessment Values Across Snow Hill, North Carolina
Source: Ownwell
$55,950
$81,008
$106,065
Average Snow Hill Assessed Value
$89,580
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 Snow Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28580 | $40,206 | $62,860 | $89,580 | $129,430 | $202,162 |
Source: Ownwell
Property Tax Bills Across Snow Hill, North Carolina
Property tax bills in Snow Hill, Greene County, NC, are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the market value of the property. For example, with a median home price of $89,580 in Snow Hill, homeowners can expect their tax bills to vary significantly. Factors influencing the tax bill include the property's assessed value and any applicable exemptions. In Snow Hill, the 25th percentile tax bill is around $568, while the 75th percentile reaches up to $1,190. For those at the 90th percentile, the tax bill can be as high as $1,684. These property taxes directly impact homeowners, influencing their annual budget and the overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Snow Hill's property tax rates can be seen as moderate, making it a potentially attractive option for homeowners looking for manageable property tax expenses.
Average Snow Hill Tax Bill
$855
Average Greene County Tax Bill
$818
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Snow Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28580 | $358 | $568 | $855 | $1,190 | $1,684 |
Source: Ownwell