Fountain, North Carolina Property Taxes
The median property tax rate in Fountain, NC is 0.96%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Fountain at $79,463, the typical annual property tax bill amounts to $758, which is significantly lower than the national median of $2,690. Property taxes in Fountain are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Fountain's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fountain or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fountain, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$763
Ownwell’s Fountain Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes in Fountain. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate for Fountain to provide an accurate estimate of your property tax bill. This invaluable tool helps you understand your potential tax liabilities with ease. For those interested in more detailed insights, neighborhood-level trends and localized information are available further down the page. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Fountain, North Carolina
Property taxes in Fountain, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fountain is 0.96%, slightly below the U.S. national median of 0.99%. Local government entities within Fountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fountain 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 Fountain's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 27829 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Fountain 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 Fountain Tax Rate
0.96%
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 Fountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27829 | 0.67% | 0.85% | 0.96% | 1.02% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Fountain, North Carolina
In Fountain, 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. In Fountain, 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 here is $79,463, with the 25th percentile tax bill at $513 and the 75th percentile tax bill at $1,039. The highest and lowest median tax bills both stand at $758 in the 27829 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Fountain, North Carolina
Source: Ownwell
$34,934
$102,645
$170,355
Average Fountain Assessed Value
$79,463
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 Fountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27829 | $24,556 | $53,001 | $79,463 | $123,667 | $200,339 |
Source: Ownwell
Property Tax Bills Across Fountain, North Carolina
In Fountain, located in Pitt County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Fountain is $79,463, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property's location, size, and improvements can influence the assessed value. For homeowners in Fountain, the tax bill can vary significantly. The 25th percentile tax bill is around $513, while the 75th percentile reaches approximately $1,039. At the higher end, the 90th percentile tax bill can be as much as $1,660. These variations can impact homeowners differently, depending on their property's assessed value and the local tax rate. Comparatively, the national median property tax rate is 0.99%, making Fountain's property tax rates and bills relatively moderate. This system ensures that property taxes are proportionate to the value of the home, providing essential funding for local services while reflecting the economic conditions of the area.
Average Fountain Tax Bill
$758
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 Fountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27829 | $269 | $513 | $758 | $1,039 | $1,660 |
Source: Ownwell