Murfreesboro, Northampton County, North Carolina Property Taxes
The median property tax rate in Murfreesboro, NC is 0.99%, aligning with the national median of 0.99% and higher than the North Carolina state median of 0.82%. With a median home value of $93,274 in Murfreesboro, the typical annual property tax bill amounts to $948, which is below the national median of $2,690. In Murfreesboro, property taxes are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Murfreesboro'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 Murfreesboro or another part of Northampton County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Murfreesboro, Northampton County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$923
$857
Ownwell’s Murfreesboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Murfreesboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Murfreesboro 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 Murfreesboro, Northampton County, North Carolina
Property taxes in Murfreesboro, 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 Murfreesboro is 0.99%, aligning with both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Murfreesboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Murfreesboro 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 Murfreesboro's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27855 zip code has both the highest and lowest median property tax rate of 0.99%. Understanding how these cities compare with Murfreesboro provides valuable insights into the varying tax landscape across Northampton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Murfreesboro, Northampton County, North Carolina
Source: Ownwell
0.91%
1.18%
1.46%
Average Murfreesboro Tax Rate
0.99%
Average Northampton County Tax Rate
1.04%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Murfreesboro, Northampton County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27855 | 0.68% | 0.89% | 0.99% | 1.13% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Murfreesboro, Northampton County, North Carolina
In Murfreesboro, 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 Northampton 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 Murfreesboro, 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 Murfreesboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $948.00 in the 27855 zip code, while the lowest is also $948.00 in the same zip code.
Property Tax Assessment Values Across Murfreesboro, Northampton County, North Carolina
Source: Ownwell
$52,059
$207,312
$362,565
Average Murfreesboro Assessed Value
$93,274
Average Northampton County Assessed Value
$67,893
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Murfreesboro, Northampton County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27855 | $14,103 | $40,964 | $93,274 | $153,456 | $275,614 |
Source: Ownwell
Property Tax Bills Across Murfreesboro, Northampton County, North Carolina
In Murfreesboro, located in Northampton County, NC, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The median home price in this area is $93,274. Property taxes typically fall between the 25th percentile at $494 and the 75th percentile at $1,493, with the 90th percentile reaching up to $2,412. The tax rate is applied to the assessed value of the property to determine the annual tax bill. Factors such as property size, location, and any improvements made to the property can influence the assessed value. Homeowners in Murfreesboro should be aware that their property tax bills can significantly impact their annual budget, especially when compared to the national median property tax rate of 0.99%. Understanding how these factors come together to determine tax bills can help homeowners plan better and potentially seek exemptions or appeals if they believe their property has been over-assessed.
Property Tax Bills Across Murfreesboro, Northampton County, North Carolina
Source: Ownwell
$650
$1,947
$3,243
Average Murfreesboro Tax Bill
$948
Average Northampton County Tax Bill
$808
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Murfreesboro, Northampton County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27855 | $211 | $494 | $948 | $1,493 | $2,412 |
Source: Ownwell