Whitakers, North Carolina Property Taxes
The median property tax rate in Whitakers, NC is 0.96%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $80,330 in Whitakers, the typical annual property tax bill comes to $754, which is significantly lower than the national median of $2,690. Property taxes in Whitakers 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 Whitakers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Whitakers or another part of Nash County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whitakers, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$771
Ownwell’s Whitakers Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Whitakers using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitakers to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Whitakers, North Carolina
Property taxes in Whitakers, 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 Whitakers is 0.96%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Whitakers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitakers 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 Whitakers' effective property tax rate to other areas in Nash County and the national median. For comparison, the 27891 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Whitakers provides valuable insights into the varying tax landscape across Nash County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitakers Tax Rate
0.96%
Average Nash County Tax Rate
0.72%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whitakers, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27891 | 0.47% | 0.88% | 0.96% | 1.05% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Whitakers, North Carolina
In Whitakers, 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 Nash 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 Whitakers, 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 Whitakers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 27891, with a median tax bill of $754.
Property Tax Assessment Values Across Whitakers, North Carolina
Source: Ownwell
$29,310
$100,405
$171,500
Average Whitakers Assessed Value
$80,330
Average Nash County Assessed Value
$102,010
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Whitakers, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27891 | $35,247 | $58,822 | $80,330 | $118,020 | $224,230 |
Source: Ownwell
Property Tax Bills Across Whitakers, North Carolina
Property tax bills in Whitakers, located in Nash County, NC, are calculated based on the assessed value of a property. The assessed value is determined by the county tax assessor and reflects the market value of the home. In Whitakers, the median home price stands at $80,330. Homeowners can expect their property tax bill to vary, depending on the assessed value and the local tax rate. For instance, the tax bill at the 25th percentile is approximately $557, while at the 75th percentile, it rises to around $1,099. Homeowners at the 90th percentile see tax bills as high as $1,755. The highest and lowest median tax bills in Whitakers are both $754, indicating a relatively consistent tax rate across the city. Compared to the national median property tax rate of 0.99%, Whitakers' property taxes can have a significant impact on homeowners, influencing their annual financial planning and overall cost of homeownership.
Average Whitakers Tax Bill
$754
Average Nash County Tax Bill
$784
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitakers, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27891 | $310 | $557 | $754 | $1,099 | $1,755 |
Source: Ownwell