Walstonburg, North Carolina Property Taxes
The median property tax rate in Walstonburg, NC is 0.96%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $86,120 in Walstonburg, the typical annual property tax bill amounts to $781, significantly below the national median of $2,690. Property taxes in Walstonburg are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Walstonburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Walstonburg or another part of Greene County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Walstonburg, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$827
$767
Ownwell’s Walstonburg Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Walstonburg with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Walstonburg to project your property tax bill. This valuable tool offers a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the figure assigned by Greene County for property tax purposes, considering any applicable exemptions.
Property Tax Rates Across Walstonburg, North Carolina
Property taxes in Walstonburg, North Carolina, play a crucial role in supporting essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walstonburg is 0.96%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Walstonburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walstonburg 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 Walstonburg's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27888 has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Walstonburg 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 Walstonburg Tax Rate
0.96%
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 Walstonburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27888 | 0.43% | 0.75% | 0.96% | 1.03% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Walstonburg, North Carolina
In Walstonburg, 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 Walstonburg, 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 Walstonburg 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 $781, found in the 27888 zip code.
Property Tax Assessment Values Across Walstonburg, North Carolina
Source: Ownwell
$55,950
$81,008
$106,065
Average Walstonburg Assessed Value
$86,120
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 Walstonburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27888 | $41,870 | $60,250 | $86,120 | $134,235 | $237,400 |
Source: Ownwell
Property Tax Bills Across Walstonburg, North Carolina
In Walstonburg, property tax bills are calculated based on the assessed value of your home, which is determined by the Greene County tax assessor. The median home price in Walstonburg is $86,120. The county's property tax rate is applied to this assessed value to determine the tax bill. For example, if your home is valued at the median price, you can expect a property tax bill around $781 annually, which aligns with the highest and lowest median tax bills in the area. Factors considered in the assessment include the property's size, age, location, and market conditions. Homeowners in the 25th percentile pay about $546, while those in the 75th percentile pay approximately $1,096. At the 90th percentile, the tax bill can reach up to $1,624. These bills can significantly impact homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Walstonburg Tax Bill
$781
Average Greene County Tax Bill
$818
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Walstonburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27888 | $303 | $546 | $781 | $1,096 | $1,624 |
Source: Ownwell