Enfield, North Carolina Property Taxes
The median property tax rate in Enfield, NC is 1.08%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Enfield at $44,400, the typical annual property tax bill reaches $528, exceeding the national median of $2,690. Property taxes in Enfield 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 Enfield'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 Enfield 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
Enfield, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$480
-$5,025
Ownwell’s Enfield Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Enfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enfield to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to budget and plan. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Halifax County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Enfield, North Carolina
Property taxes in Enfield, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Enfield is 1.08%, higher than the U.S. national median of 0.99%. Local government entities within Enfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enfield 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 Enfield's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27823 zip code has the highest median property tax rate of 1.08%, while the same zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Enfield provides valuable insights into the varying tax landscape across Halifax County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enfield Tax Rate
1.08%
Average Halifax County Tax Rate
1.26%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27823 | 0.28% | 0.89% | 1.08% | 1.70% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Enfield, North Carolina
In Enfield, 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 Halifax 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 Enfield, 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 Enfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Enfield is $528 in the 27823 zip code.
Average Enfield Assessed Value
$44,400
Average Halifax County Assessed Value
$52,600
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27823 | $4,300 | $10,300 | $44,400 | $83,100 | $153,000 |
Source: Ownwell
Property Tax Bills Across Enfield, North Carolina
In Enfield, Halifax County, NC, property tax bills are calculated based on the assessed value of the property. The median home price in this area is $44,400. Homeowners' tax bills are determined by multiplying the assessed value by the local property tax rate. Factors such as property size, location, and any improvements can influence the assessed value. For example, the tax bill for the 25th percentile stands at $142, while the 75th percentile reaches $896. At the 90th percentile, homeowners might see tax bills up to $1,383. To put this in perspective, the highest median tax bill in the area is $528.00, which is significantly higher than the national median property tax rate of 0.99%. These tax bills can have a substantial impact on homeowners, affecting their annual budgeting and long-term financial planning. Understanding how these taxes are calculated can help homeowners anticipate their financial obligations and potentially seek ways to reduce their tax burden through appeals or exemptions.
Average Enfield Tax Bill
$528
Average Halifax County Tax Bill
$701
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Enfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27823 | $45 | $142 | $528 | $896 | $1,383 |
Source: Ownwell