Maple Hill, North Carolina Property Taxes
The median property tax rate in Maple Hill, NC is 0.65%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $177,635 in Maple Hill, the typical annual property tax bill comes to $1,128, well below the national median of $2,690. Property taxes in Maple Hill are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a comprehensive understanding of Maple Hill's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're a homeowner or a real estate investor in Maple Hill, familiarizing yourself with the local property tax system is essential for maximizing your financial benefits.
Last Updated June 14, 2024
Maple Hill, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,155
$1,071
Ownwell’s Maple Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maple Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maple Hill 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 Maple Hill, North Carolina
Property taxes in Maple Hill, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Maple Hill is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Maple Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maple Hill 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 Maple Hill's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28454 has both the highest and lowest median property tax rate of 0.65%. Understanding how these areas compare with Maple Hill 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 Maple Hill Tax Rate
0.65%
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 Maple Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28454 | 0.56% | 0.65% | 0.65% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Maple Hill, North Carolina
In Maple Hill, 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 Maple Hill, 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 Maple Hill 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 $1128, found in the 28454 zip code, which can provide homeowners with a benchmark for comparison.
Property Tax Assessment Values Across Maple Hill, North Carolina
Source: Ownwell
$90,896
$331,440
$571,984
Average Maple Hill Assessed Value
$177,635
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 Maple Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28454 | $71,804 | $120,515 | $177,635 | $257,346 | $341,507 |
Source: Ownwell
Property Tax Bills Across Maple Hill, North Carolina
In Maple Hill, located in Onslow County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Maple Hill can expect their property tax bills to vary widely depending on several factors, including the assessed value of their homes and the local property tax rate. For instance, the median home price in Maple Hill is $177,635. Property tax bills in this area range significantly, with the 25th percentile at $742 and the 75th percentile at $1,672. The highest median tax bill recorded in the ZIP code 28454 is $1,128, which is the same for both the highest and lowest median tax bills in this ZIP code. These variations can significantly affect homeowners, impacting their annual financial planning. Compared to the national median property tax rate of 0.99%, Maple Hill's property tax rates provide a unique perspective on local taxation and its implications for residents.
Average Maple Hill Tax Bill
$1,128
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 Maple Hill, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28454 | $422 | $742 | $1,128 | $1,672 | $2,201 |
Source: Ownwell