Sneads Ferry, North Carolina Property Taxes
The median property tax rate in Sneads Ferry, NC is 0.66%, which is 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 $282,461 in Sneads Ferry, the typical annual property tax bill amounts to $1,854, well below the national median of $2,690. Property taxes in Sneads Ferry are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sneads Ferry'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 Sneads Ferry or another part of Onslow County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sneads Ferry, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,864
$1,730
Ownwell’s Sneads Ferry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sneads Ferry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sneads Ferry 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 Sneads Ferry, North Carolina
Property taxes in Sneads Ferry, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Sneads Ferry is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Sneads Ferry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sneads Ferry 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 Sneads Ferry's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28460 zip code has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Sneads Ferry 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 Sneads Ferry Tax Rate
0.66%
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 Sneads Ferry, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28460 | 0.65% | 0.65% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Sneads Ferry, North Carolina
In Sneads Ferry, 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 Sneads Ferry, 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. The median home price in Sneads Ferry is $282,461, with tax bills ranging from $1,379 at the 25th percentile to $4,064 at the 90th percentile. 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 Sneads Ferry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Sneads Ferry, North Carolina
Source: Ownwell
$90,896
$331,440
$571,984
Average Sneads Ferry Assessed Value
$282,461
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 Sneads Ferry, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28460 | $126,443 | $208,733 | $282,461 | $377,132 | $536,833 |
Source: Ownwell
Property Tax Bills Across Sneads Ferry, North Carolina
In Sneads Ferry, Onslow County, NC, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the county's tax assessor, who evaluates the market value of the property. Factors such as location, property size, and improvements are considered in this assessment. Homeowners in Sneads Ferry experience varying tax bills. For instance, the 25th percentile tax bill is $1,379, reflecting lower-valued properties, while the 75th percentile tax bill is $2,510, indicating higher-valued properties. At the 90th percentile, homeowners may see tax bills as high as $4,064. The median home price in Sneads Ferry is $282,461, and the median tax bill for the area is $1,854, which is below the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly, ensuring they are prepared for their financial responsibilities.
Average Sneads Ferry Tax Bill
$1,854
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 Sneads Ferry, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28460 | $830 | $1,379 | $1,854 | $2,510 | $4,064 |
Source: Ownwell