Kelly, North Carolina Property Taxes
The median property tax rate in Kelly, NC is 0.90%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $115,643, the typical annual property tax bill in Kelly reaches $947, which is below the national median of $2,690. Property taxes in Kelly are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Kelly'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 Kelly 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
Kelly, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$1,041
$966
Ownwell’s Kelly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kelly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kelly 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 Kelly, North Carolina
Property taxes in Kelly, 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 Kelly is 0.90%, which is lower than the U.S. national median of 0.99%. Local government entities within Kelly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kelly 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 Kelly's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28448 has both the highest and lowest median property tax rate of 0.90%. Understanding how these areas compare with Kelly 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 Kelly Tax Rate
0.90%
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 Kelly, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28448 | 0.50% | 0.79% | 0.90% | 1.02% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Kelly, North Carolina
In Kelly, 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 Kelly, 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. For instance, Kelly's highest median tax bill is $947 in the 28448 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kelly Assessed Value
$115,643
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 Kelly, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28448 | $33,088 | $47,226 | $115,643 | $168,724 | $273,112 |
Source: Ownwell
Property Tax Bills Across Kelly, North Carolina
In Kelly, located in Pender County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is an estimate of the property’s market value determined by the county assessor. Once the assessed value is established, it is multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $115,643, homeowners in Kelly can expect varying tax bills. The 25th percentile tax bill is around $459, while the 75th percentile reaches $1,582, and the 90th percentile can be as high as $2,425. Comparatively, the highest and lowest median tax bills in the area are both $947 in the 28448 zip code. These property taxes fund essential public services such as schools, roads, and emergency services. Homeowners need to budget for these taxes as they can significantly impact annual housing costs, especially when compared to the national median property tax rate of 0.99%.
Average Kelly Tax Bill
$947
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 Kelly, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28448 | $204 | $459 | $947 | $1,582 | $2,425 |
Source: Ownwell