Bellarthur, North Carolina Property Taxes
The median property tax rate in Bellarthur, NC is 1.21%, which is considerably higher than both the national median of 0.99% and North Carolina's state median of 0.82%. With the median home value in Bellarthur at $34,934, the typical annual property tax bill reaches $423, exceeding the national median of $2,690. Property taxes in Bellarthur 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 Bellarthur'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 Bellarthur 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
Bellarthur, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$423
$392
Ownwell’s Bellarthur Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellarthur with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellarthur 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 Pitt County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bellarthur, North Carolina
Property taxes in Bellarthur, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellarthur is 1.21%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Bellarthur set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellarthur 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 Bellarthur's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27811 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Bellarthur provides valuable insights into the varying tax landscape across Pitt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellarthur Tax Rate
1.21%
Average Pitt County Tax Rate
1.17%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellarthur, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27811 | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Bellarthur, North Carolina
In Bellarthur, 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 Pitt 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. 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 Bellarthur helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 27811 has both the highest and lowest median tax bill of $423, reflecting a standardized tax scenario across the area.
Property Tax Assessment Values Across Bellarthur, North Carolina
Source: Ownwell
$34,934
$102,645
$170,355
Average Bellarthur Assessed Value
$34,934
Average Pitt County Assessed Value
$124,775
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellarthur, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27811 | $34,934 | $34,934 | $34,934 | $34,934 | $34,934 |
Source: Ownwell
Property Tax Bills Across Bellarthur, North Carolina
In Bellarthur, located in Pitt County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local property tax rate to compute the annual tax bill. For Bellarthur, the median home price is $34,934, and the property tax rate is set by the local government. Homeowners in Bellarthur typically see a consistent property tax bill, with the 25th, 75th, and 90th percentiles all reporting an annual tax bill of $423. This uniformity indicates a stable tax environment, which can help homeowners budget more predictably. When compared to the national median property tax rate of 0.99%, Bellarthur's property tax rate is relatively modest. This lower tax burden can make homeownership more affordable in Bellarthur, potentially attracting new residents and fostering a stable community. The highest and lowest median tax bills in the area are both $423, further emphasizing the consistency in property tax assessments.
Average Bellarthur Tax Bill
$423
Average Pitt County Tax Bill
$1,320
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellarthur, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27811 | $423 | $423 | $423 | $423 | $423 |
Source: Ownwell