Aberdeen, North Carolina Property Taxes
The median property tax rate in Aberdeen, NC is 0.88%, 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 $182,810 in Aberdeen, the typical annual property tax bill amounts to $1,302, which is below the national median of $2,690. Property taxes in Aberdeen are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Aberdeen'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 Aberdeen or another part of Hoke County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aberdeen, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,609
Ownwell’s Aberdeen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aberdeen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aberdeen 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 Aberdeen, North Carolina
Property taxes in Aberdeen, 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 Aberdeen is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Aberdeen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aberdeen 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 Aberdeen's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28315 has both the highest and lowest median property tax rate of 0.88%. Understanding how these areas compare with Aberdeen provides valuable insights into the varying tax landscape across Hoke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aberdeen Tax Rate
0.88%
Average Hoke County Tax Rate
0.88%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aberdeen, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28315 | 0.53% | 0.83% | 0.88% | 0.93% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Aberdeen, North Carolina
In Aberdeen, 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 Hoke 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 Aberdeen, 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. The median home price in Aberdeen is $182,810, with tax bills ranging from $795 at the 25th percentile to $3,058 at the 90th percentile. 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 Aberdeen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Aberdeen, North Carolina
Source: Ownwell
$74,340
$136,390
$198,440
Average Aberdeen Assessed Value
$182,810
Average Hoke County Assessed Value
$178,870
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aberdeen, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28315 | $63,969 | $103,105 | $182,810 | $260,635 | $361,859 |
Source: Ownwell
Property Tax Bills Across Aberdeen, North Carolina
In Aberdeen, located in Hoke County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $182,810, homeowners can expect varying tax bills. The 25th percentile tax bill is around $795, while the 75th percentile tax bill reaches up to $2,242. For those in the 90th percentile, the tax bill can be as high as $3,058. These tax bills are influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Aberdeen's rates can significantly impact homeowners' finances. Understanding these factors and how they contribute to the overall tax bill is crucial for homeowners to budget effectively and potentially seek exemptions or appeals to reduce their tax burden.
Average Aberdeen Tax Bill
$1,302
Average Hoke County Tax Bill
$1,520
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Aberdeen, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28315 | $449 | $795 | $1,302 | $2,242 | $3,058 |
Source: Ownwell