Whispering Pines, North Carolina Property Taxes
The median property tax rate in Whispering Pines, NC is 0.69%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Whispering Pines at $477,230, the typical annual property tax bill reaches $3,252, exceeding the national median of $2,690. Property taxes in Whispering Pines 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 Whispering Pines' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Whispering Pines 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
Whispering Pines, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$3,293
Ownwell’s Whispering Pines Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Whispering Pines with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whispering Pines to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities with ease. For those interested in more granular insights, scroll down to discover trends on a neighborhood level. Your property’s assessed value is the value assigned by Moore County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Whispering Pines, North Carolina
Property taxes in Whispering Pines, 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 Whispering Pines is 0.69%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Whispering Pines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whispering Pines 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 Whispering Pines' effective property tax rate to other counties in North Carolina and the national median. For comparison, the ZIP code 28327 has the highest median property tax rate of 0.69%, while the same ZIP code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Whispering Pines 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 Whispering Pines Tax Rate
0.69%
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 Whispering Pines, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28327 | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Whispering Pines, North Carolina
In Whispering Pines, 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 Whispering Pines, 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 Whispering Pines is $477,230, with tax bills ranging from $2,600 at the 25th percentile to $4,350 at the 90th percentile. 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 Whispering Pines helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Whispering Pines, North Carolina
Source: Ownwell
$45,070
$261,150
$477,230
Average Whispering Pines Assessed Value
$477,230
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 Whispering Pines, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28327 | $317,581 | $383,165 | $477,230 | $564,965 | $636,236 |
Source: Ownwell
Property Tax Bills Across Whispering Pines, North Carolina
In Whispering Pines, Moore County, 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 Whispering Pines experience a range of property tax bills, with the 25th percentile paying around $2,600 and the 75th percentile paying approximately $3,855. For those in the 90th percentile, tax bills can reach up to $4,350. Comparatively, the national median property tax rate is 0.99%, making Whispering Pines' tax bills relatively moderate. The median home price in the area is $477,230, influencing the overall tax burden. Factors such as property location, home improvements, and neighborhood developments can also affect the assessed value. Understanding these elements helps homeowners anticipate their annual property tax obligations, ensuring they can budget accordingly and avoid unexpected financial strain.
Average Whispering Pines Tax Bill
$3,252
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 Whispering Pines, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28327 | $2,123 | $2,600 | $3,252 | $3,855 | $4,350 |
Source: Ownwell