Alliance, North Carolina Property Taxes
The median property tax rate in Alliance, NC is 0.71%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Alliance at $92,516, the typical annual property tax bill amounts to $602, significantly below the national median of $2,690. Property taxes in Alliance 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 Alliance'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 Alliance or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alliance, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$657
Ownwell’s Alliance Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alliance, NC with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alliance to provide an estimate of 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 Pamlico County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Alliance, North Carolina
Property taxes in Alliance, 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 Alliance is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Alliance set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alliance 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 Alliance's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28509 has both the highest and lowest median property tax rate of 0.71%. Understanding how these cities compare with Alliance provides valuable insights into the varying tax landscape across Pamlico County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alliance Tax Rate
0.71%
Average Pamlico County Tax Rate
0.69%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alliance, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28509 | 0.69% | 0.70% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Alliance, North Carolina
In Alliance, 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 Pamlico 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 Alliance, 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 Alliance helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Alliance is $92,516. The zip code 28509 has the highest median tax bill at $602, while the lowest is also $602, indicating uniformity in tax assessments within the area.
Average Alliance Assessed Value
$92,516
Average Pamlico County Assessed Value
$145,305
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alliance, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28509 | $17,637 | $57,275 | $92,516 | $128,205 | $161,161 |
Source: Ownwell
Property Tax Bills Across Alliance, North Carolina
In Alliance, located in Pamlico County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Alliance face property tax bills that vary significantly, influenced by the home's assessed value and the local tax rate. For instance, the median home price in Alliance is $92,516. Property tax bills range from $379 at the 25th percentile to $906 at the 75th percentile, with the 90th percentile reaching up to $1,160. These figures highlight how property taxes can impact homeowners differently depending on their property's value. Compared to the national median property tax rate of 0.99%, Alliance offers a relatively moderate tax burden. Homeowners should be aware of these factors as they directly influence annual property tax obligations, potentially affecting their financial planning and long-term investment in their property.
Average Alliance Tax Bill
$602
Average Pamlico County Tax Bill
$1,045
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Alliance, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28509 | $138 | $379 | $602 | $906 | $1,160 |
Source: Ownwell