Arapahoe, North Carolina Property Taxes
The median property tax rate in Arapahoe, NC is 0.68%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Arapahoe at $180,835, the typical annual property tax bill amounts to $1,282, well below the national median of $2,690. Property taxes in Arapahoe are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Arapahoe'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 Arapahoe or another part of Pamlico County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arapahoe, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$1,230
$1,141
Ownwell’s ARAPAHOE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ARAPAHOE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ARAPAHOE 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 Arapahoe, North Carolina
Property taxes in Arapahoe, 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 Arapahoe is 0.68%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Arapahoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arapahoe 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 Arapahoe's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28510 zip code has the highest median property tax rate of 0.68%, while the same 28510 zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Arapahoe 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 Arapahoe Tax Rate
0.68%
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 Arapahoe, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28510 | 0.66% | 0.67% | 0.68% | 0.78% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Arapahoe, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Arapahoe, North Carolina. 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 local 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 Arapahoe, 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. The median home price in Arapahoe is $180,835, with tax bills ranging from $775 at the 25th percentile to $2,963 at the 90th percentile. The zip code with the highest and lowest median tax bill is 28510, both at $1,282. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arapahoe Assessed Value
$180,835
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 Arapahoe, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28510 | $65,236 | $107,170 | $180,835 | $284,414 | $398,859 |
Source: Ownwell
Property Tax Bills Across Arapahoe, North Carolina
In Arapahoe, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Arapahoe can expect their tax bills to vary significantly; the 25th percentile tax bill is around $775, while the 75th percentile reaches $2,065, and the 90th percentile can go up to $2,963. The median home price in Arapahoe is $180,835, which helps to contextualize these figures. Factors that influence the tax bill include property location, home size, and any applicable exemptions. These taxes fund essential community services like schools, infrastructure, and public safety. Compared to the national median property tax rate of 0.99%, Arapahoe's property tax rates can be quite variable, impacting homeowners differently based on their property's assessed value. This variability underscores the importance of understanding local tax assessments and potential exemptions to manage property tax liabilities effectively.
Average Arapahoe Tax Bill
$1,282
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 Arapahoe, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28510 | $385 | $775 | $1,282 | $2,065 | $2,963 |
Source: Ownwell