Maysville, North Carolina Property Taxes
The median property tax rate in Maysville, NC is 0.75%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. Given the median home value in Maysville, the typical annual property tax bill comes to $761, significantly below the national median of $2,690. Property taxes in Maysville are determined based on the assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Maysville'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 Maysville or another part of Jones County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maysville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$646
$599
Ownwell’s Maysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maysville 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 Maysville, North Carolina
Property taxes in Maysville, 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 Maysville is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Maysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maysville 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 Maysville's effective property tax rate to other areas in Jones County and the national median. For comparison, the zip code 28555 has both the highest and lowest median property tax rate of 0.75%, matching Maysville's rate. Understanding how these areas compare with Maysville 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 Maysville 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 Maysville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28555 | 0.72% | 0.72% | 0.75% | 1.18% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Maysville, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Maysville, 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 Jones 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 Maysville, 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 Maysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Maysville are both $761, found in the zip code 28555.
Property Tax Assessment Values Across Maysville, North Carolina
Source: Ownwell
$44,275
$172,573
$300,870
Average Maysville Assessed Value
$86,100
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 Maysville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28555 | $25,193 | $47,725 | $86,100 | $141,332 | $183,492 |
Source: Ownwell
Property Tax Bills Across Maysville, North Carolina
Property tax bills in Maysville, located in Jones County, NC, are determined by assessing the market value of a property and applying the local tax rate to this assessed value. With a median home price of $86,100, the property tax rate is crucial in calculating the final tax bill. Factors such as the property's location, size, and any improvements made can influence its assessed value. Homeowners in Maysville can expect tax bills to vary significantly, with the 25th percentile at $386, the 75th percentile at $1,397, and the 90th percentile reaching up to $1,829. The highest and lowest median tax bills in Maysville are both $761, reflecting the uniformity within the zip code 28555. Compared to the national median property tax rate of 0.99%, Maysville's rate provides a benchmark for homeowners to understand their financial obligations better. These taxes are essential for funding local services such as schools, emergency services, and infrastructure, directly impacting the community's quality of life.
Average Maysville Tax Bill
$761
Average Jones County Tax Bill
$672
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Maysville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28555 | $226 | $386 | $761 | $1,397 | $1,829 |
Source: Ownwell