Pine Hall, North Carolina Property Taxes
The median property tax rate in Pine Hall, NC is 0.74%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $106,450 in Pine Hall, the typical annual property tax bill is $718, significantly below the national median of $2,690. Property taxes in Pine Hall are calculated based on the assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Pine Hall's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve considerable annual savings. Whether you're residing in Pine Hall or investing in real estate within the city, a thorough understanding of the local property tax system can offer substantial financial benefits.
Last Updated June 14, 2024
Pine Hall, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$788
$731
Ownwell’s Pine Hall Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Hall with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Hall 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 Pine Hall, North Carolina
Property taxes in Pine Hall, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Hall is 0.74%, lower than the U.S. national median of 0.99%. Local government entities within Pine Hall set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Hall 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 Pine Hall's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 27042 zip code has both the highest and lowest median property tax rate of 0.74%. Understanding how these areas compare with Pine Hall provides valuable insights into the varying tax landscape across Stokes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pine Hall Tax Rate
0.74%
Average Stokes County Tax Rate
0.74%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Hall, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27042 | 0.50% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Pine Hall, North Carolina
In Pine Hall, 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 Stokes 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 Pine Hall, 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. For instance, the median home price in Pine Hall is $106,450, with tax bills ranging from $437 at the 25th percentile to $1,662 at the 90th percentile. The zip code with the highest median tax bill is 27042, with a value of $718. 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 Pine Hall helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pine Hall, North Carolina
Source: Ownwell
$83,700
$329,300
$574,900
Average Pine Hall Assessed Value
$106,450
Average Stokes County Assessed Value
$130,100
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pine Hall, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27042 | $40,880 | $65,200 | $106,450 | $166,750 | $233,720 |
Source: Ownwell
Property Tax Bills Across Pine Hall, North Carolina
In Pine Hall, located in Stokes County, NC, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Pine Hall is $106,450, which serves as the basis for calculating the property tax. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Pine Hall experience a range of property tax bills. For instance, the tax bill at the 25th percentile is $437, while at the 75th percentile, it rises to $1124. Those in the 90th percentile see a tax bill of $1662. The highest and lowest median tax bills in Pine Hall both stand at $718, reflecting a consistent tax rate across different zip codes within the area. Compared to the national median property tax rate of 0.99%, Pine Hall's rates can significantly impact homeowners, making it essential for them to understand how their tax bills are calculated and what factors may lead to variations.
Average Pine Hall Tax Bill
$718
Average Stokes County Tax Bill
$951
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Hall, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27042 | $292 | $437 | $718 | $1,124 | $1,662 |
Source: Ownwell