Macclesfield, North Carolina Property Taxes
The median property tax rate in Macclesfield, NC is 0.87%, 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 Macclesfield at $110,420, the typical annual property tax bill reaches $1,023, which is below the national median of $2,690. Property taxes in Macclesfield 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 Macclesfield'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 Macclesfield or another part of Pitt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Macclesfield, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$961
$891
Ownwell’s Macclesfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Macclesfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Macclesfield 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 Macclesfield, North Carolina
Property taxes in Macclesfield, 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 Macclesfield stands at 0.87%, slightly below the U.S. national median of 0.99%. Local government entities within Macclesfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Macclesfield 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 Macclesfield's effective property tax rate to other areas and the national median. For comparison, the zip code 27852 has the highest median property tax rate of 0.87%, while the same zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Macclesfield provides valuable insights into the varying tax landscape across Edgecombe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Macclesfield Tax Rate
0.87%
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 Macclesfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27852 | 0.75% | 0.82% | 0.87% | 1.00% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Macclesfield, North Carolina
In Macclesfield, 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 Macclesfield, 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 Macclesfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,023 in the 27852 zip code, which is also the lowest median tax bill.
Property Tax Assessment Values Across Macclesfield, North Carolina
Source: Ownwell
$34,934
$102,645
$170,355
Average Macclesfield Assessed Value
$110,420
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 Macclesfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27852 | $31,065 | $52,658 | $110,420 | $362,770 | $594,639 |
Source: Ownwell
Property Tax Bills Across Macclesfield, North Carolina
In Macclesfield, NC, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $110,420, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Several factors influence the final tax bill, including the property's location within Pitt County and any applicable exemptions or deductions. The tax bill for the 25th percentile is $566, while it rises significantly for the 75th percentile to $2,645, and reaches $5,029 at the 90th percentile. These figures highlight the variability in tax obligations depending on property values and local tax rates. For homeowners, understanding these calculations is crucial as property taxes can significantly impact annual expenses. Comparing these figures to the national median property tax rate of 0.99% can provide additional context on how local taxes stand relative to broader trends.
Average Macclesfield Tax Bill
$1,023
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 Macclesfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27852 | $335 | $566 | $1,023 | $2,645 | $5,029 |
Source: Ownwell