Trenton, North Carolina Property Taxes
The median property tax rate in Trenton, 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 $90,390 in Trenton, the typical annual property tax bill amounts to $640, significantly below the national median of $2,690. Property taxes in Trenton 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 Trenton'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 Trenton or another part of Jones County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Trenton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$678
$629
Ownwell’s Trenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trenton 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 Trenton, North Carolina
Property taxes in Trenton, 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 Trenton is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Trenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trenton 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 Trenton's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28585 zip code has both the highest and lowest median property tax rate of 0.75%, which is the same as Trenton's rate. Understanding how these cities compare with Trenton 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 Trenton 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 Trenton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28585 | 0.41% | 0.72% | 0.75% | 0.75% | 0.75% |
Source: Ownwell
Property Tax Assessment Values Across Trenton, North Carolina
In Trenton, 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 Trenton, 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. For instance, the highest median tax bill in Trenton is $640 in the 28585 zip code, while the lowest median tax bill is also $640 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Trenton Assessed Value
$90,390
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 Trenton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28585 | $19,305 | $51,328 | $90,390 | $155,175 | $230,592 |
Source: Ownwell
Property Tax Bills Across Trenton, North Carolina
In Trenton, Jones County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Trenton is $90,390. Property taxes are then applied to this assessed value using the local tax rate. Homeowners in Trenton experience a range of tax bills, with the 25th percentile at $337 and the 75th percentile at $1,076. At the 90th percentile, the tax bill can reach up to $1,583. These figures illustrate the variability in property tax bills due to differences in property values and specific neighborhood tax rates. Compared to the national median property tax rate of 0.99%, Trenton's property taxes can significantly impact homeowners, especially those with higher-valued properties. The highest and lowest median tax bills in the region are both $640, occurring in the zip code 28585, indicating a uniformity in tax rates within this area. Understanding these factors helps homeowners anticipate their financial responsibilities related to property ownership in Trenton.
Average Trenton Tax Bill
$640
Average Jones County Tax Bill
$672
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Trenton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28585 | $140 | $337 | $640 | $1,076 | $1,583 |
Source: Ownwell