Holly Ridge, North Carolina Property Taxes
The median property tax rate in Holly Ridge, NC is 0.99%, aligning with the national median but notably higher than the North Carolina state median of 0.82%. With a median home value of $252,762, the typical annual property tax bill in Holly Ridge amounts to $2,135, which is below the national median of $2,690. Property taxes in Holly Ridge are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural land. Gaining a thorough understanding of Holly Ridge's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in Holly Ridge or another part of Onslow County, a solid grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Holly Ridge, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$2,502
Ownwell’s HOLLY RIDGE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HOLLY RIDGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HOLLY RIDGE 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 Onslow County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Holly Ridge, North Carolina
Property taxes in Holly Ridge, 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 Holly Ridge is 0.99%, aligning with the U.S. national median of 0.99%. Local government entities within Holly Ridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holly Ridge 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 Holly Ridge's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28445 has both the highest and lowest median property tax rate of 0.99%. Understanding how these areas compare with Holly Ridge provides valuable insights into the varying tax landscape across Onslow County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holly Ridge Tax Rate
0.99%
Average Onslow County Tax Rate
0.66%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holly Ridge, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28445 | 0.65% | 0.66% | 0.99% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Holly Ridge, North Carolina
In Holly Ridge, 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 Onslow 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 Holly Ridge, 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. For example, the median home price in Holly Ridge is $252,762, with tax bills ranging from $1,380 at the 25th percentile to $4,538 at the 90th percentile. Being aware of these valuation processes in Holly Ridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Holly Ridge, North Carolina
Source: Ownwell
$90,896
$331,440
$571,984
Average Holly Ridge Assessed Value
$252,762
Average Onslow County Assessed Value
$189,006
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holly Ridge, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28445 | $104,849 | $183,620 | $252,762 | $343,283 | $506,528 |
Source: Ownwell
Property Tax Bills Across Holly Ridge, North Carolina
In Holly Ridge, Onslow County, NC, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Holly Ridge see their tax bills influenced by several factors, including property size, location, and any improvements made to the property. For instance, with a median home price of $252,762, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,380, while those in the 75th percentile pay approximately $3,074. At the 90th percentile, tax bills can reach up to $4,538. These figures highlight the range of property tax burdens within the city, significantly impacting homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, Holly Ridge's property taxes can be substantial, especially for higher-valued properties. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Holly Ridge Tax Bill
$2,135
Average Onslow County Tax Bill
$1,414
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Holly Ridge, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28445 | $733 | $1,380 | $2,135 | $3,074 | $4,538 |
Source: Ownwell