Washington County, North Carolina Property Taxes
The median property tax rate in Washington County is 1.05%, which is higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Washington County at $66,050, the typical annual property tax bill is $781, which is below the national median of $2,690. Property taxes in Washington County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Washington County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Plymouth or another part of Washington County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Washington County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.05%
Estimate Property Tax Bill
$694
$644
Ownwell’s Washington County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Washington County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Washington County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Washington County, North Carolina
Property taxes in Washington County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Washington County is 1.05%, which is higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Washington County set these rates annually, and they can vary significantly between different areas within the county. Each year, Washington County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Washington County's effective property tax rate with other counties in North Carolina and the national median. For comparison, the city of Pantego has one of the higher property tax rates in North Carolina at 1.27%, while the city of Plymouth boasts one of the lowest at 0.83%. Analyzing how Washington County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Washington County Tax Rate
1.05%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Washington County, North Carolina
In Washington County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Washington County Appraisal District. The assessed value, however, 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. Assessment notices in Washington County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, Creswell has the highest median tax bill at $930, while Plymouth has the lowest at $679. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Washington County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Washington County, North Carolina
Source: Ownwell
$61,300
$68,800
$76,300
Average Washington County Assessed Value
$66,050
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Bills Across Washington County, North Carolina
In Washington County, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which is periodically evaluated by the county assessor. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Washington County can expect varying tax bills depending on their property's assessed value. The median home price in the county is $66,050, with tax bills ranging from $455 at the 25th percentile to $1,652 at the 90th percentile. In comparison, the national median property tax rate is 0.99%, highlighting the county's competitive tax environment. Cities within the county, such as Creswell and Plymouth, exhibit differences in tax bills, with Creswell experiencing the highest median tax bill at $930 and Plymouth the lowest at $679. These variations can significantly impact homeowners' financial planning, making it essential to understand how property taxes are calculated and what factors are considered.
Average Washington County Tax Bill
$781
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690