Carthage, North Carolina Property Taxes
The median property tax rate in Carthage, NC is 0.46%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Carthage at $178,090, the typical annual property tax bill stands at $901, well below the national median of $2,690. Property taxes in Carthage 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 Carthage'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 Carthage 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
Carthage, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$819
$760
Ownwell’s Carthage Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carthage with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carthage 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 Carthage, North Carolina
Property taxes in Carthage, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Carthage is 0.46%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Carthage set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carthage 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 Carthage's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28327 zip code has the highest median property tax rate of 0.46%, while the 28327 zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with Carthage provides valuable insights into the varying tax landscape across Moore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Carthage Tax Rate
0.46%
Average Moore County Tax Rate
0.60%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carthage, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28327 | 0.45% | 0.45% | 0.46% | 0.66% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Carthage, North Carolina
In Carthage, 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 Moore 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 Carthage, 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. The median home price in the area is $178,090, with annual tax bills ranging from $469 at the 25th percentile to $2,579 at the 90th percentile. The zip code 28327 has both the highest and lowest median tax bill of $901. Being aware of these valuation processes in Carthage helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Carthage, North Carolina
Source: Ownwell
$45,070
$261,150
$477,230
Average Carthage Assessed Value
$178,090
Average Moore County Assessed Value
$305,820
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carthage, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28327 | $50,370 | $97,770 | $178,090 | $317,730 | $435,924 |
Source: Ownwell
Property Tax Bills Across Carthage, North Carolina
In Carthage, located in Moore County, NC, property tax bills are calculated based on the assessed value of a home. This value is determined by the county assessor, who evaluates various factors such as the property's location, size, and condition. The property tax rate is then applied to this assessed value to calculate the tax bill. The median home price in Carthage is $178,090, and with a property tax rate of 0.99%, homeowners can expect a median tax bill around $1,762 annually. For homeowners in Carthage, tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $469, while at the 75th percentile, it rises to $1,792. At the 90th percentile, homeowners might pay as much as $2,579. This variation highlights how different factors, such as property improvements and neighborhood developments, can influence the assessed value and, consequently, the tax bill. Understanding these factors helps homeowners anticipate and manage their property tax obligations effectively.
Average Carthage Tax Bill
$901
Average Moore County Tax Bill
$1,694
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Carthage, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28327 | $232 | $469 | $901 | $1,792 | $2,579 |
Source: Ownwell