Pinehurst, North Carolina Property Taxes
The median property tax rate in Pinehurst, NC is 0.60%, 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 Pinehurst, the typical annual property tax bill reaches $2,504, which is below the national median of $2,690. Property taxes in Pinehurst are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Pinehurst'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 Pinehurst 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
Pinehurst, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$2,561
Ownwell’s Pinehurst Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pinehurst with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pinehurst 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 Moore County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pinehurst, North Carolina
Property taxes in Pinehurst, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pinehurst is 0.60%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Pinehurst set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pinehurst 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 Pinehurst's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28374 zip code has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Pinehurst 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 Pinehurst Tax Rate
0.60%
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 Pinehurst, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28374 | 0.46% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Pinehurst, North Carolina
In Pinehurst, 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 Pinehurst, 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 Pinehurst helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pinehurst is $426,790, with tax bills ranging from $1,853 at the 25th percentile to $5,487 at the 90th percentile. The zip code 28374 has both the highest and lowest median tax bill, valued at $2,504.
Property Tax Assessment Values Across Pinehurst, North Carolina
Source: Ownwell
$45,070
$261,150
$477,230
Average Pinehurst Assessed Value
$426,790
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 Pinehurst, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28374 | $241,102 | $319,098 | $426,790 | $634,382 | $909,996 |
Source: Ownwell
Property Tax Bills Across Pinehurst, North Carolina
Property tax bills in Pinehurst, located in Moore County, NC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county's property appraiser, who evaluates the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $426,790 in Pinehurst, homeowners can expect varying tax bills depending on their property's specific assessed value. Factors such as property size, location, and improvements can influence the assessed value, which in turn affects the tax bill. Homeowners in Pinehurst see a wide range of tax bills, with the 25th percentile at $1,853 and the 75th percentile at $3,788. At the higher end, the 90th percentile tax bill is $5,487. These taxes are used to fund essential local services such as schools, infrastructure, and public safety, directly impacting the community's quality of life.
Average Pinehurst Tax Bill
$2,504
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 Pinehurst, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28374 | $1,307 | $1,853 | $2,504 | $3,788 | $5,487 |
Source: Ownwell