Littleton, North Carolina Property Taxes
The median property tax rate in Littleton, NC is 0.98%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $59,500 in Littleton, the typical annual property tax bill amounts to $651, which is significantly lower than the national median of $2,690. Property taxes in Littleton are determined based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Navigating Littleton's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Littleton or another part of Halifax County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Littleton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$583
-$6,111
Ownwell’s Littleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Littleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Littleton 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 Littleton, North Carolina
Property taxes in Littleton, 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 Littleton is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Littleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Littleton 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 Littleton's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27850 has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Littleton 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 Littleton Tax Rate
0.98%
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 Littleton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27850 | 0.51% | 0.91% | 0.98% | 1.28% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Littleton, North Carolina
In Littleton, 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. 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 Littleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 27850, with a median bill of $651.00.
Property Tax Assessment Values Across Littleton, North Carolina
Source: Ownwell
$33,800
$88,500
$143,200
Average Littleton Assessed Value
$59,500
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 Littleton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27850 | $5,600 | $14,800 | $59,500 | $168,400 | $410,600 |
Source: Ownwell
Property Tax Bills Across Littleton, North Carolina
In Littleton, located in Halifax County, NC, property tax bills are determined based on the assessed value of a property and the local tax rate. The assessed value is an estimate of the property's market value, which serves as the basis for calculating the tax bill. Local authorities then apply the tax rate to this assessed value to determine the amount owed. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For instance, properties in certain areas may benefit from lower tax rates or specific exemptions that reduce the overall tax burden. Homeowners in Littleton experience a range of property tax bills; for example, the 25th percentile tax bill is $162, while the 75th percentile reaches $1,668. This variation can significantly impact household budgets, making it essential for homeowners to understand their property's assessed value and any potential tax relief options available.
Average Littleton Tax Bill
$651
Average Halifax County Tax Bill
$701
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Littleton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27850 | $57 | $162 | $651 | $1,668 | $4,029 |
Source: Ownwell