Comfort, North Carolina Property Taxes
The median property tax rate in Comfort, NC is 0.75%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Comfort at $44,275, the typical annual property tax bill amounts to $332, significantly less than the national median of $2,690. Property taxes in Comfort are calculated based on the assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Comfort'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 Comfort 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
Comfort, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$332
Ownwell’s Comfort Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Comfort with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Comfort 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 Comfort, North Carolina
Property taxes in Comfort, 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 Comfort is 0.75%, which is lower than both the North Carolina state median of 0.84% and the U.S. national median of 0.99%. Local government entities within Comfort set these rates annually, and they can vary significantly across different neighborhoods. Each year, Comfort 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 Comfort's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28522 has both the highest and lowest median property tax rate of 0.75%. Understanding how these cities compare with Comfort provides valuable insights into the varying tax landscape across Jones County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Comfort Tax Rate
0.75%
Average Jones County Tax Rate
0.75%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Comfort, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28522 | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Comfort, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Comfort, North Carolina. 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 local 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 Comfort, 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 Comfort is $44,275, with tax bills ranging from $214 at the 25th percentile to $521 at the 90th percentile. The zip code with the highest median tax bill is 28522, at $332. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Comfort Assessed Value
$44,275
Average Jones County Assessed Value
$91,440
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Comfort, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28522 | $19,023 | $28,492 | $44,275 | $60,058 | $69,527 |
Source: Ownwell
Property Tax Bills Across Comfort, North Carolina
Property tax bills in Comfort, located in Jones County, NC, are calculated based on the assessed value of the property. The assessed value is determined by local tax assessors who evaluate the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. In Comfort, the median home price is $44,275, which is considerably lower than the national median. Property tax bills in this area can vary significantly. For instance, the 25th percentile tax bill is $214, while the 75th percentile tax bill is $450. Homeowners at the 90th percentile can expect a tax bill around $521. The highest and lowest median tax bills in the area both stand at $332, indicating some uniformity within specific zip codes. These property taxes directly impact homeowners by influencing their overall housing costs. Lower property taxes can make homeownership more affordable, while higher taxes might necessitate budgeting adjustments. Understanding these factors is crucial for homeowners planning their finances in Comfort.
Average Comfort Tax Bill
$332
Average Jones County Tax Bill
$672
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Comfort, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28522 | $143 | $214 | $332 | $450 | $521 |
Source: Ownwell