Wrightsville Beach, North Carolina Property Taxes
The median property tax rate in Wrightsville Beach, NC is 0.54%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $942,400 in Wrightsville Beach, the typical annual property tax bill reaches $4,990, which is notably higher than the national median of $2,690. Property taxes in Wrightsville Beach are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Wrightsville Beach'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 Wrightsville Beach 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
Wrightsville Beach, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$5,089
-$53,332
Ownwell’s Wrightsville Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wrightsville Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wrightsville Beach 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 Wrightsville Beach, North Carolina
Property taxes in Wrightsville Beach, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wrightsville Beach is 0.54%, which is lower than the U.S. national median of 0.99%. Local government entities within Wrightsville Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wrightsville Beach 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 Wrightsville Beach's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28480 zip code has the highest median property tax rate of 0.54%, while the 28480 zip code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Wrightsville Beach provides valuable insights into the varying tax landscape across New Hanover County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wrightsville Beach Tax Rate
0.54%
Average New Hanover County Tax Rate
0.57%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wrightsville Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28480 | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Wrightsville Beach, North Carolina
In Wrightsville Beach, 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 New Hanover 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 Wrightsville Beach, 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 Wrightsville Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $4,990, recorded in the 28480 zip code.
Property Tax Assessment Values Across Wrightsville Beach, North Carolina
Source: Ownwell
$174,100
$558,250
$942,400
Average Wrightsville Beach Assessed Value
$942,400
Average New Hanover County Assessed Value
$265,900
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wrightsville Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28480 | $319,360 | $653,300 | $942,400 | $1,435,700 | $2,476,840 |
Source: Ownwell
Property Tax Bills Across Wrightsville Beach, North Carolina
In Wrightsville Beach, located in New Hanover County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $942,400, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Several factors influence the final tax bill, including the market value of the property, any improvements or renovations, and local tax rates. In Wrightsville Beach, the tax bills range significantly, with the 25th percentile at $3,369 and the 75th percentile at $7,523, reflecting the diversity in property values. The 90th percentile tax bill reaches up to $13,372, indicating higher-valued properties. These tax bills can have a considerable impact on homeowners, affecting their annual budget and overall financial planning. Compared to the national median property tax rate of 0.99%, Wrightsville Beach's tax environment can be seen as relatively high, particularly for higher-value properties.
Average Wrightsville Beach Tax Bill
$4,990
Average New Hanover County Tax Bill
$1,671
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Wrightsville Beach, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28480 | $1,701 | $3,369 | $4,990 | $7,523 | $13,372 |
Source: Ownwell