Pinnacle, North Carolina Property Taxes
The median property tax rate in Pinnacle, NC is 0.74%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $128,300, the typical annual property tax bill in Pinnacle is $889, falling well below the national median of $2,690. Property taxes in Pinnacle are determined 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. Gaining a thorough understanding of Pinnacle's property tax system, exploring available exemptions, and finding opportunities for reductions can result in significant annual savings. Whether you're situated in the heart of Pinnacle or another part of the city, familiarizing yourself with the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Pinnacle, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$949
$881
Ownwell’s Pinnacle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pinnacle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pinnacle 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 Pinnacle, North Carolina
Property taxes in Pinnacle, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pinnacle is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Pinnacle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pinnacle 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 Pinnacle's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27043 has both the highest and the lowest median property tax rate of 0.74%. Understanding how these areas compare with Pinnacle 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 Pinnacle 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 Pinnacle, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27043 | 0.48% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Pinnacle, North Carolina
In Pinnacle, 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 Pinnacle, 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 Pinnacle is $128,300, with tax bills ranging from $579 at the 25th percentile to $2,212 at the 90th percentile. The highest and lowest median tax bills are both $889, found in the zip code 27043. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Pinnacle, North Carolina
Source: Ownwell
$83,700
$329,300
$574,900
Average Pinnacle Assessed Value
$128,300
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 Pinnacle, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27043 | $47,100 | $83,700 | $128,300 | $215,350 | $339,380 |
Source: Ownwell
Property Tax Bills Across Pinnacle, North Carolina
In Pinnacle, located in Stokes County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Pinnacle is $128,300. The local property tax rate plays a crucial role in determining the annual tax bill for homeowners. For instance, the tax bill at the 25th percentile is $579, while at the 75th percentile, it rises to $1455. At the 90th percentile, homeowners can expect to pay around $2212. Several factors influence the tax bill, including the assessed value of the property, which is determined by local assessors, and the specific tax rate set by local authorities. Compared to the national median property tax rate of 0.99%, Pinnacle offers a competitive tax environment. For homeowners, understanding these factors can help in financial planning and ensuring that they are prepared for their annual property tax obligations. The highest and lowest median tax bills in the area both stand at $889, indicating a relatively uniform tax landscape.
Average Pinnacle Tax Bill
$889
Average Stokes County Tax Bill
$951
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pinnacle, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27043 | $305 | $579 | $889 | $1,455 | $2,212 |
Source: Ownwell