Walstonburg, North Carolina Property Taxes
The median property tax rate in Walstonburg, NC is 0.92%, 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 Walstonburg at $98,648, the typical annual property tax bill is $849, which is significantly lower than the national median of $2,690. Property taxes in Walstonburg are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural land. By understanding Walstonburg's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether residing in the heart of Walstonburg or its surrounding areas, a thorough grasp of the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Walstonburg, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$908
$842
Ownwell’s Walstonburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walstonburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walstonburg 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 Walstonburg, North Carolina
Property taxes in Walstonburg, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walstonburg is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Walstonburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walstonburg 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 Walstonburg's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27888 zip code has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Walstonburg 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 Walstonburg Tax Rate
0.92%
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 Walstonburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27888 | 0.71% | 0.83% | 0.92% | 0.98% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Walstonburg, North Carolina
In Walstonburg, 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 Walstonburg, 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 Walstonburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $98,648, with the highest and lowest median tax bills both at $849 in the 27888 zip code.
Property Tax Assessment Values Across Walstonburg, North Carolina
Source: Ownwell
$34,934
$102,645
$170,355
Average Walstonburg Assessed Value
$98,648
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 Walstonburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27888 | $40,978 | $79,372 | $98,648 | $133,227 | $210,046 |
Source: Ownwell
Property Tax Bills Across Walstonburg, North Carolina
In Walstonburg, property tax bills are calculated based on the assessed value of a home, which is determined by the Pitt County tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $98,648, homeowners can expect varying tax bills depending on their property's specific valuation and the local tax rate. Factors influencing the tax bill include the property's assessed value, any applicable exemptions, and the local tax rate set by municipal authorities. The 25th percentile tax bill in Walstonburg is $656, while the 75th percentile reaches $1,214, and the 90th percentile can go up to $1,711. These figures highlight the range of property tax burdens homeowners might face depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Walstonburg's property taxes can impact homeowners differently, potentially making homeownership more or less affordable depending on individual circumstances.
Average Walstonburg Tax Bill
$849
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 Walstonburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27888 | $346 | $656 | $849 | $1,214 | $1,711 |
Source: Ownwell