Seagrove, North Carolina Property Taxes
The median property tax rate in Seagrove, 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 Seagrove at $112,260, the typical annual property tax bill is $481, well below the national median of $2,690. Property taxes in Seagrove 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 Seagrove's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Seagrove or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seagrove, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$516
Ownwell’s Seagrove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seagrove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seagrove 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 Seagrove, North Carolina
Property taxes in Seagrove, 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 Seagrove is 0.46%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Seagrove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seagrove 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 Seagrove's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27341 zip code has both the highest and lowest median property tax rate of 0.46%, providing a consistent tax landscape within the area. Understanding how these figures compare with Seagrove offers 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 Seagrove 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 Seagrove, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27341 | 0.43% | 0.45% | 0.46% | 0.46% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Seagrove, North Carolina
In Seagrove, 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 Seagrove, 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 Seagrove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 27341 has the highest and lowest median tax bill at $481.
Property Tax Assessment Values Across Seagrove, North Carolina
Source: Ownwell
$45,070
$261,150
$477,230
Average Seagrove Assessed Value
$112,260
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 Seagrove, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27341 | $28,855 | $66,925 | $112,260 | $158,575 | $223,026 |
Source: Ownwell
Property Tax Bills Across Seagrove, North Carolina
In Seagrove, Moore County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county and reflects the market value of the property. Homeowners in Seagrove can expect their property tax bills to vary significantly depending on the value of their homes. For example, the tax bill at the 25th percentile is about $269, while at the 75th percentile, it climbs to $730. For those at the 90th percentile, the tax bill can reach up to $1,025. These figures are influenced by the county's tax rate and the assessed value of the property. With a median home price of $112,260, property taxes in Seagrove are relatively manageable compared to the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as they directly impact annual financial planning and the overall cost of homeownership in the area.
Average Seagrove Tax Bill
$481
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 Seagrove, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27341 | $125 | $269 | $481 | $730 | $1,025 |
Source: Ownwell