Swanquarter, North Carolina Property Taxes
The median property tax rate in Swanquarter, NC is 0.90%, which is 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 $65,410 in Swanquarter, the typical annual property tax bill amounts to $578, significantly lower than the national median of $2,690. Property taxes in Swanquarter are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Swanquarter'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 Swanquarter or another part of Hyde County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Swanquarter, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$589
$546
Ownwell’s Swanquarter Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Swanquarter with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Swanquarter 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 Swanquarter, North Carolina
Property taxes in Swanquarter, 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 Swanquarter is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Swanquarter set these rates annually, and they can vary across different neighborhoods. Each year, Swanquarter 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 Swanquarter's effective property tax rate to other areas in Hyde County and the national median. For comparison, the zip code 27885 has both the highest and lowest median property tax rate in the area at 0.90%. Understanding how these figures compare with Swanquarter provides valuable insights into the varying tax landscape across Hyde County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Swanquarter Tax Rate
0.90%
Average Hyde County Tax Rate
0.90%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Swanquarter, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27885 | 0.89% | 0.89% | 0.90% | 0.90% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Swanquarter, North Carolina
In Swanquarter, 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 Hyde 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 Swanquarter, 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 Swanquarter helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Swanquarter is $65,410, with tax bills ranging from $279 at the 25th percentile to $2,482 at the 90th percentile. The zip code 27885 has the highest and lowest median tax bill, both at $578.
Property Tax Assessment Values Across Swanquarter, North Carolina
Source: Ownwell
$50,948
$159,903
$268,857
Average Swanquarter Assessed Value
$65,410
Average Hyde County Assessed Value
$78,676
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Swanquarter, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27885 | $13,242 | $31,326 | $65,410 | $137,773 | $280,531 |
Source: Ownwell
Property Tax Bills Across Swanquarter, North Carolina
Property tax bills in Swanquarter, located in Hyde County, NC, are determined by assessing the value of a property and applying the local tax rate to that assessed value. The median home price in Swanquarter is $65,410. Homeowners can expect their property tax bills to vary significantly based on the assessed value of their homes. For instance, the 25th percentile tax bill is $279, while the 75th percentile tax bill is $1,141. At the 90th percentile, tax bills can reach up to $2,482. These tax bills are influenced by various factors, including property size, location, and improvements. Compared to the national median property tax rate of 0.99%, homeowners in Swanquarter might find their tax bills relatively manageable, depending on their property's assessed value. This variability in tax bills can significantly impact homeowners' financial planning, making it essential for them to understand how their property is assessed and taxed.
Average Swanquarter Tax Bill
$578
Average Hyde County Tax Bill
$681
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Swanquarter, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27885 | $118 | $279 | $578 | $1,141 | $2,482 |
Source: Ownwell