Pink Hill, North Carolina Property Taxes
The median property tax rate in Pink Hill, 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 Pink Hill at $90,260, the typical annual property tax bill reaches $649, significantly below the national median of $2,690. Property taxes in Pink Hill are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pink Hill'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 Pink Hill 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
Pink Hill, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$677
$628
Ownwell’s PINK HILL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PINK HILL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PINK HILL 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 Pink Hill, North Carolina
Property taxes in Pink Hill, North Carolina, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Pink Hill is 0.75%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Pink Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pink Hill 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 Pink Hill's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28572 has both the highest and the lowest median property tax rate in the area, standing at 0.75%. Understanding how these cities compare with Pink Hill 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 Pink Hill 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 Pink Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28572 | 0.49% | 0.75% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Pink Hill, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pink Hill, NC. 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 Pink Hill, 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 Pink Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $90,260, with tax bills ranging from $380 at the 25th percentile to $1,638 at the 90th percentile. The zip code with the highest median tax bill is 28572, with a value of $649.
Property Tax Assessment Values Across Pink Hill, North Carolina
Source: Ownwell
$44,275
$172,573
$300,870
Average Pink Hill Assessed Value
$90,260
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 Pink Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28572 | $30,132 | $52,270 | $90,260 | $156,670 | $247,250 |
Source: Ownwell
Property Tax Bills Across Pink Hill, North Carolina
In Pink Hill, located in Jones County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. The property tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Pink Hill experience a range of tax bills. For instance, the 25th percentile tax bill is $380, while the 75th percentile tax bill is $1126. At the higher end, the 90th percentile tax bill reaches $1638. The median home price in the area is $90,260, and the median tax bill stands at $649, which is significantly lower than the national median property tax rate of 0.99%. These property tax bills impact homeowners by influencing their overall housing costs. Lower tax bills can make homeownership more affordable, whereas higher tax bills can add a considerable expense, affecting the household budget.
Average Pink Hill Tax Bill
$649
Average Jones County Tax Bill
$672
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pink Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28572 | $178 | $380 | $649 | $1,126 | $1,638 |
Source: Ownwell