Maxton, North Carolina Property Taxes
The median property tax rate in Maxton, 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 Maxton, the typical annual property tax bill is $550, significantly lower than the national median of $2,690. Property taxes in Maxton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Maxton'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 Maxton 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
Maxton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$581
$539
Ownwell’s Maxton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maxton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maxton 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 Maxton, North Carolina
Property taxes in Maxton, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maxton is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Maxton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maxton 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 Maxton's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28364 zip code has the highest median property tax rate of 0.92%, while the 28364 zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Maxton provides valuable insights into the varying tax landscape across Robeson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maxton Tax Rate
0.92%
Average Robeson County Tax Rate
0.87%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maxton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28364 | 0.77% | 0.87% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Maxton, North Carolina
In Maxton, 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 Robeson 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 Maxton, 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 Maxton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Maxton are both $550.00, found in zip code 28364.
Average Maxton Assessed Value
$63,150
Average Robeson County Assessed Value
$69,800
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maxton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28364 | $28,000 | $41,400 | $63,150 | $90,700 | $136,650 |
Source: Ownwell
Property Tax Bills Across Maxton, North Carolina
In Maxton, property tax bills are calculated based on the assessed value of a home, which is determined by the Robeson County tax assessor. The median home price in Maxton is $63,150. The tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, improvements, and market conditions. For homeowners in Maxton, the 25th percentile tax bill is $367, while the 75th percentile tax bill is $799, and the 90th percentile tax bill reaches up to $1,228. These figures indicate the range of property tax payments that residents might expect. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark to understand local tax burdens. Understanding how these factors interplay helps homeowners anticipate their annual tax obligations, allowing them to budget accordingly and plan for any potential appeals or exemptions they might be eligible for.
Average Maxton Tax Bill
$550
Average Robeson County Tax Bill
$623
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Maxton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28364 | $241 | $367 | $550 | $799 | $1,228 |
Source: Ownwell