Snow Hill, North Carolina Property Taxes
The median property tax rate in Snow Hill, NC is 0.90%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Snow Hill at $90,754, the typical annual property tax bill amounts to $836, which is below the national median of $2,690. Property taxes in Snow Hill are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Snow 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 Snow 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
Snow Hill, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$817
$758
Ownwell’s Snow Hill Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Snow Hill with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Snow Hill to estimate your property tax bill. This invaluable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Snow Hill, North Carolina
Property taxes in Snow Hill, 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 Snow Hill is 0.90%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Snow Hill set these rates annually, and they can vary across different neighborhoods. Each year, Snow 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 Snow Hill's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28580 zip code has the highest median property tax rate of 0.90%, while the same 28580 zip code also has the lowest median tax rate of 0.90%. Understanding how these areas compare with Snow Hill provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Snow Hill Tax Rate
0.90%
Average Lenoir County Tax Rate
1.07%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Snow Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28580 | 0.67% | 0.90% | 0.90% | 0.97% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Snow Hill, North Carolina
In Snow Hill, 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 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 Snow 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 Snow Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with both the highest and lowest median tax bill in Snow Hill is 28580, with a median tax bill of $836.
Property Tax Assessment Values Across Snow Hill, North Carolina
Source: Ownwell
$41,983
$72,309
$102,634
Average Snow Hill Assessed Value
$90,754
Average Lenoir County Assessed Value
$66,089
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Snow Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28580 | $44,502 | $57,058 | $90,754 | $118,316 | $129,384 |
Source: Ownwell
Property Tax Bills Across Snow Hill, North Carolina
In Snow Hill, located in Greene County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Snow Hill is $90,754. Property tax rates are applied to this assessed value, resulting in the annual tax bill. For homeowners in Snow Hill, tax bills can vary significantly. At the 25th percentile, the tax bill is around $380, while at the 75th percentile, it rises to approximately $1,129. The 90th percentile sees tax bills reaching up to $1,169. These figures highlight the range of tax obligations homeowners might face, depending on the assessed value of their property. Comparatively, the national median property tax rate is 0.99%, making Snow Hill's tax rates competitive. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners' annual financial planning and overall affordability of homeownership in the area.
Average Snow Hill Tax Bill
$836
Average Lenoir County Tax Bill
$738
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Snow Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28580 | $256 | $380 | $836 | $1,129 | $1,169 |
Source: Ownwell