Whitakers, North Carolina Property Taxes
The median property tax rate in Whitakers, NC is 1.07%, which is higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $67,400 in Whitakers, the typical annual property tax bill amounts to $616, which is significantly lower than the national median of $2,690. In Whitakers, property taxes are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding the property tax system in Whitakers, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Whitakers or another part of Halifax County, a thorough understanding of the local property tax system is invaluable.
Last Updated June 14, 2024
Whitakers, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$721
-$7,558
Ownwell’s Whitakers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitakers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitakers 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 Whitakers, North Carolina
Property taxes in Whitakers, 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 Whitakers is 1.07%, which is higher than the U.S. national median of 0.99%. Local government entities within Whitakers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitakers 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 Whitakers' effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27891 zip code has the highest median property tax rate of 1.07%, while the same zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Whitakers 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 Whitakers Tax Rate
1.07%
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 Whitakers, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27891 | 0.26% | 0.86% | 1.07% | 1.22% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Whitakers, North Carolina
In Whitakers, 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 Whitakers, 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 Whitakers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 27891 has the highest and lowest median tax bill of $616.
Property Tax Assessment Values Across Whitakers, North Carolina
Source: Ownwell
$33,800
$88,500
$143,200
Average Whitakers Assessed Value
$67,400
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 Whitakers, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27891 | $3,900 | $15,550 | $67,400 | $122,950 | $203,800 |
Source: Ownwell
Property Tax Bills Across Whitakers, North Carolina
In Whitakers, Halifax County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Whitakers is $67,400. Homeowners in this region experience varying property tax bills, influenced by factors such as property size, location, and improvements. For example, the 25th percentile tax bill is around $220, while the 75th percentile tax bill reaches up to $1,111. At the higher end, the 90th percentile tax bill can be as much as $1,510. These tax bills are affected by the local tax rate, which is applied to the assessed value of the property. The highest and lowest median tax bill in the area is $616, indicating some consistency in property tax assessments. Compared to the national median property tax rate of 0.99%, Whitakers offers a relatively affordable tax environment, which can be beneficial for homeowners looking to manage their annual expenses effectively.
Average Whitakers Tax Bill
$616
Average Halifax County Tax Bill
$701
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitakers, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27891 | $34 | $220 | $616 | $1,111 | $1,510 |
Source: Ownwell