Pollocksville, North Carolina Property Taxes
The median property tax rate in Pollocksville, 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 a median home value of $89,490 in Pollocksville, the typical annual property tax bill is $671, significantly below the national median of $2,690. Property taxes in Pollocksville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Pollocksville'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 Pollocksville or another part of Jones County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pollocksville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$671
$623
Ownwell’s Pollocksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pollocksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pollocksville 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 Pollocksville, North Carolina
Property taxes in Pollocksville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pollocksville 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 Pollocksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pollocksville 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 Pollocksville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28573 zip code has both the highest and the lowest median property tax rate of 0.75%. Understanding how these cities compare with Pollocksville 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 Pollocksville 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 Pollocksville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28573 | 0.54% | 0.75% | 0.75% | 0.75% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Pollocksville, North Carolina
In Pollocksville, 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 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 Pollocksville, 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. For instance, the median home price in Pollocksville is $89,490, with the 25th percentile tax bill at $323 and the 75th percentile at $1,261. The highest and lowest median tax bills, both at $671, are found in zip code 28573. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pollocksville, North Carolina
Source: Ownwell
$44,275
$172,573
$300,870
Average Pollocksville Assessed Value
$89,490
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 Pollocksville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28573 | $16,908 | $48,400 | $89,490 | $168,880 | $243,772 |
Source: Ownwell
Property Tax Bills Across Pollocksville, North Carolina
In Pollocksville, located in Jones County, NC, property tax bills are calculated based on the assessed value of a home. The median home price in this area stands at $89,490. Property taxes are determined by multiplying the assessed value by the local tax rate. For homeowners in Pollocksville, tax bills can vary significantly. For instance, the 25th percentile tax bill is $323, while the 75th percentile tax bill reaches $1,261. At the 90th percentile, homeowners may pay up to $1,771. These variations depend on factors such as property size, location, and any applicable exemptions. The highest and lowest median tax bills in the area are both $671, tied to the zip code 28573. Compared to the national median property tax rate of 0.99%, Pollocksville's tax rates reflect the localized property values and municipal budget needs. Understanding these factors helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Pollocksville Tax Bill
$671
Average Jones County Tax Bill
$672
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pollocksville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28573 | $132 | $323 | $671 | $1,261 | $1,771 |
Source: Ownwell