Ivanhoe, North Carolina Property Taxes
The median property tax rate in Ivanhoe, NC is 0.92%, slightly lower than the national median of 0.99% but higher than North Carolina's state median of 0.82%. With the median home value in Ivanhoe at $66,715, the typical annual property tax bill is $559, which is significantly below the national median of $2,690. Property taxes in Ivanhoe are calculated based on the tax assessed value, which generally falls below the market value due to exemptions like those for primary residences and agricultural land. Understanding Ivanhoe'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 Ivanhoe or another part of Sampson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ivanhoe, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$614
$570
Ownwell’s Ivanhoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ivanhoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ivanhoe 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 Ivanhoe, North Carolina
Property taxes in Ivanhoe, 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 Ivanhoe is 0.92%, lower than the U.S. national median of 0.99%. Local government entities within Ivanhoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ivanhoe 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 Ivanhoe's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28447 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 Ivanhoe provides valuable insights into the varying tax landscape across Sampson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ivanhoe Tax Rate
0.92%
Average Sampson County Tax Rate
0.92%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ivanhoe, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28447 | 0.48% | 0.92% | 0.92% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Ivanhoe, North Carolina
In Ivanhoe, 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 Sampson 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 Ivanhoe, 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 in Ivanhoe is $66,715, with tax bills ranging from $311 at the 25th percentile to $1,635 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ivanhoe Assessed Value
$66,715
Average Sampson County Assessed Value
$85,659
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ivanhoe, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28447 | $27,360 | $37,439 | $66,715 | $127,144 | $201,629 |
Source: Ownwell
Property Tax Bills Across Ivanhoe, North Carolina
In Ivanhoe, located in Sampson County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. For instance, with a median home price of $66,715, the property tax rate is applied to this value to compute the tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Ivanhoe can expect their tax bills to vary significantly. The 25th percentile tax bill is around $311, while the 75th percentile tax bill reaches $1,054. At the 90th percentile, homeowners might see tax bills as high as $1,635. Comparatively, the highest and lowest median tax bills in the area both sit at $559, which is below the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual tax responsibilities and budget accordingly.
Average Ivanhoe Tax Bill
$559
Average Sampson County Tax Bill
$790
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Ivanhoe, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28447 | $195 | $311 | $559 | $1,054 | $1,635 |
Source: Ownwell