Hampstead, Pender County, North Carolina Property Taxes
The median property tax rate in Hampstead, NC is 0.88%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Hampstead at $242,196, the typical annual property tax bill amounts to $1,986, which is below the national median of $2,690. Property taxes in Hampstead are based on the tax assessed value, which is often less than the market value due to exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Hampstead'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 Hampstead 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
Hampstead, Pender County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$2,131
$1,978
Ownwell’s Hampstead Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Hampstead with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hampstead 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 Hampstead, Pender County, North Carolina
Property taxes in Hampstead, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hampstead is 0.88%, lower than the U.S. national median of 0.99%. Local government entities within Hampstead set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hampstead 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 Hampstead's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28443 zip code has the highest median property tax rate of 0.88%, while the same 28443 zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Hampstead provides valuable insights into the varying tax landscape across Pender County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hampstead Tax Rate
0.88%
Average Pender County Tax Rate
0.88%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hampstead, Pender County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28443 | 0.74% | 0.84% | 0.88% | 0.93% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Hampstead, Pender County, North Carolina
In Hampstead, 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 Pender 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 Hampstead, 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 Hampstead helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1986, found in the 28443 zip code.
Property Tax Assessment Values Across Hampstead, Pender County, North Carolina
Source: Ownwell
$75,914
$253,666
$431,418
Average Hampstead Assessed Value
$242,196
Average Pender County Assessed Value
$183,803
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hampstead, Pender County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28443 | $80,699 | $146,608 | $242,196 | $326,715 | $421,324 |
Source: Ownwell
Property Tax Bills Across Hampstead, Pender County, North Carolina
In Hampstead, located in Pender County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $242,196, homeowners can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $1,142, while those in the 75th percentile pay about $2,742. At the 90th percentile, the tax bill can reach up to $3,570. Several factors influence these calculations, including the property's market value, local tax rates, and any applicable exemptions or deductions. Homeowners in Hampstead should be aware that their property tax bills can impact their overall cost of homeownership, potentially affecting their budget and long-term financial planning. Comparing these figures to the national median property tax rate of 0.99%, Hampstead's rates reflect the local economic conditions and public service funding requirements.
Average Hampstead Tax Bill
$1,986
Average Pender County Tax Bill
$1,515
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Hampstead, Pender County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28443 | $531 | $1,142 | $1,986 | $2,742 | $3,570 |
Source: Ownwell