Seaboard, North Carolina Property Taxes
The median property tax rate in Seaboard, NC, is 1.19%, notably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Seaboard being $68,815, the typical annual property tax bill reaches $854, which, while below the national median of $2,690, still represents a significant expense for homeowners. Property taxes in Seaboard are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Seaboard'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 Seaboard or another part of Northampton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seaboard, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$819
Ownwell’s SEABOARD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SEABOARD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SEABOARD 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 Seaboard, North Carolina
Property taxes in Seaboard, 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 Seaboard is 1.19%, higher than the U.S. national median of 0.99%. Local government entities within Seaboard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seaboard 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 Seaboard's effective property tax rate to other regions in North Carolina and the national median. For comparison, the 27876 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these areas compare with Seaboard 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.
Average Seaboard Tax Rate
1.19%
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 Seaboard, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27876 | 0.71% | 0.94% | 1.19% | 1.63% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Seaboard, North Carolina
In Seaboard, 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 Seaboard, 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 Seaboard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price is $68,815, with tax bills ranging from $456 at the 25th percentile to $1,779 at the 90th percentile. The zip code with the highest and lowest median tax bill is 27876, both at $854.
Property Tax Assessment Values Across Seaboard, North Carolina
Source: Ownwell
$13,345
$187,955
$362,565
Average Seaboard Assessed Value
$68,815
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 Seaboard, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27876 | $10,800 | $31,602 | $68,815 | $106,455 | $168,660 |
Source: Ownwell
Property Tax Bills Across Seaboard, North Carolina
In Seaboard, Northampton County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessment process evaluates the market value of the property, and the tax rate is then applied to this assessed value. Homeowners in Seaboard face property tax bills that vary widely depending on the value of their homes. For example, the 25th percentile tax bill is around $456, while the 75th percentile reaches $1,263, and the 90th percentile can go up to $1,779. This range indicates that homeowners with higher-valued properties pay significantly more in taxes. Compared to the national median property tax rate of 0.99%, Seaboard's rates reflect the local economic conditions and property values. The median home price in Seaboard is $68,815, which influences the overall tax burden on residents. Homeowners should be aware of these factors as they directly impact their annual property tax obligations and overall financial planning.
Average Seaboard Tax Bill
$854
Average Northampton County Tax Bill
$808
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Seaboard, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27876 | $127 | $456 | $854 | $1,263 | $1,779 |
Source: Ownwell