Williamston, North Carolina Property Taxes
The median property tax rate in Williamston, NC is 1.18%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Williamston at $54,080, the typical annual property tax bill reaches $679, which is significantly lower than the national median of $2,690. Property taxes in Williamston are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Williamston'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 Williamston or another part of Martin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Williamston, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$638
$592
Ownwell’s Williamston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Williamston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Williamston 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 Williamston, North Carolina
Property taxes in Williamston, North Carolina, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Williamston is 1.18%, which is significantly higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Williamston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Williamston 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 Williamston's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27892 zip code has both the highest and lowest median property tax rate of 1.18%. Understanding how these areas compare with Williamston provides valuable insights into the varying tax landscape across Martin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Williamston Tax Rate
1.18%
Average Martin County Tax Rate
1.26%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Williamston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27892 | 0.81% | 0.99% | 1.18% | 1.58% | 2.96% |
Source: Ownwell
Property Tax Assessment Values Across Williamston, North Carolina
In Williamston, 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 Martin 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 Williamston, 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. The median home price in Williamston is $54,080, with the 25th percentile tax bill at $368 and the 75th percentile tax bill at $971. The highest median tax bill is $679 in the 27892 zip code, which is also the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Williamston, North Carolina
Source: Ownwell
$15,035
$53,973
$92,910
Average Williamston Assessed Value
$54,080
Average Martin County Assessed Value
$43,060
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Williamston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27892 | $9,069 | $19,192 | $54,080 | $87,055 | $132,132 |
Source: Ownwell
Property Tax Bills Across Williamston, North Carolina
In Williamston, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Williamston can expect a median home price of $54,080. The property tax rate in Martin County, where Williamston is located, is relatively moderate compared to the national median property tax rate of 0.99%. A variety of factors influence the final tax bill, including the assessed value of the property, any applicable exemptions, and the local tax rate. For instance, the tax bill for the 25th percentile is around $368, while the 75th percentile sees a tax bill of approximately $971. Homeowners at the 90th percentile can expect a tax bill of up to $1,485. These tax bills directly impact homeowners' annual expenses, making it essential for them to understand how their property is assessed and taxed.
Average Williamston Tax Bill
$679
Average Martin County Tax Bill
$622
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Williamston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27892 | $101 | $368 | $679 | $971 | $1,485 |
Source: Ownwell