Greenville, North Carolina Property Taxes
The median property tax rate in Greenville, NC is 1.23%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Greenville at $125,166, the typical annual property tax bill reaches $1,379, which is below the national median of $2,690. Property taxes in Greenville 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 Greenville'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 Greenville 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
Greenville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,540
Ownwell’s Greenville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Greenville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Greenville to provide an accurate estimate of your property tax bill. This valuable resource allows you to understand your potential tax liabilities better. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Pitt County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Greenville, North Carolina
Property taxes in Greenville, 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 Greenville is 1.23%, which is higher than the U.S. national median of 0.99%. Local government entities within Greenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenville 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 Greenville's effective property tax rate to other areas in Pitt County and the national median. For comparison, the 27834 zip code has the highest median property tax rate of 1.24%, while the 27858 zip code has the lowest median tax rate of 1.23%. Understanding how these areas compare with Greenville 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 Greenville Tax Rate
1.23%
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 Greenville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27834 | 0.84% | 0.95% | 1.24% | 1.33% | 1.44% |
| 27858 | 0.87% | 0.91% | 1.23% | 1.28% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Greenville, North Carolina
In Greenville, 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 in Greenville 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, the highest median tax bill in Greenville is $1,705 in the 27858 zip code, while the lowest is $1,030 in the 27834 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 Greenville, North Carolina
Source: Ownwell
$34,934
$102,645
$170,355
Average Greenville Assessed Value
$125,166
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 Greenville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27834 | $28,424 | $57,669 | $89,223 | $151,896 | $238,511 |
| 27858 | $69,863 | $98,189 | $155,228 | $233,237 | $329,775 |
Source: Ownwell
Property Tax Bills Across Greenville, North Carolina
In Greenville, NC, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. The assessed value is then multiplied by the property tax rate set by Pitt County. Factors such as the home's size, location, and condition can influence its assessed value. For instance, the median home price in Greenville is $125,166, with property tax bills ranging from $882 at the 25th percentile to $3,160 at the 90th percentile. Homeowners in Greenville experience varying tax bills depending on their specific property's assessed value. For example, the highest median tax bill in the region is $1,705 in the 27858 zip code, while the lowest is $1,030 in the 27834 zip code. Given that the national median property tax rate is 0.99%, homeowners in Greenville may find their property tax bills to be relatively moderate or high, depending on their home's assessed value and location within the city.
Average Greenville Tax Bill
$1,379
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 Greenville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27834 | $407 | $671 | $1,030 | $1,761 | $2,588 |
| 27858 | $838 | $1,147 | $1,705 | $2,452 | $3,473 |
Source: Ownwell