Turkey, North Carolina Property Taxes
The median property tax rate in Turkey, NC is 0.91%, 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 Turkey at $66,856, the typical annual property tax bill is $590, significantly below the national median of $2,690. Property taxes in Turkey 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 Turkey'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 Turkey 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
Turkey, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$608
$565
Ownwell’s Turkey Property Tax Bill Calculator offers a convenient way for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Turkey using just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Turkey to provide an estimate of your property tax bill. This valuable tool allows you to understand potential tax liabilities with ease. For those interested in more granular insights, you can explore trends at the neighborhood level by scrolling down for localized information. Your property’s assessed value, determined by the county, is used for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Turkey, North Carolina
Property taxes in Turkey, North Carolina, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Turkey is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Turkey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Turkey 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 Turkey's effective property tax rate to other areas in Sampson County and the national median. For comparison, the 28393 zip code has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these areas compare with Turkey 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 Turkey Tax Rate
0.91%
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 Turkey, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28393 | 0.60% | 0.91% | 0.91% | 0.92% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Turkey, North Carolina
In Turkey, 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 Turkey, 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 Turkey is $66,856, with tax bills varying widely. The 25th percentile tax bill stands at $373, while the 75th percentile is $979, and the 90th percentile reaches $1458. The zip code 28393 has the highest median tax bill at $590. Being aware of these valuation processes in Turkey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Turkey Assessed Value
$66,856
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 Turkey, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28393 | $26,488 | $41,758 | $66,856 | $114,430 | $191,404 |
Source: Ownwell
Property Tax Bills Across Turkey, North Carolina
In Turkey, located in Sampson County, NC, property tax bills are calculated based on the assessed value of the home. The median home price in this area is $66,856. Homeowners in Turkey can expect their property tax bills to vary significantly, depending on the assessed value and applicable tax rates. For instance, the tax bill at the 25th percentile is $373, while at the 75th percentile, it rises to $979. Those in the 90th percentile see tax bills as high as $1,458. The highest and lowest median tax bills both stand at $590 in the zip code 28393, indicating a certain level of uniformity in property tax assessments within that specific area. Compared to the national median property tax rate of 0.99%, homeowners in Turkey may find their tax bills either more or less burdensome depending on their property’s assessed value. These taxes fund essential community services, thus directly affecting the quality of life for residents.
Average Turkey Tax Bill
$590
Average Sampson County Tax Bill
$790
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Turkey, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28393 | $229 | $373 | $590 | $979 | $1,458 |
Source: Ownwell