Macclesfield, North Carolina Property Taxes
The median property tax rate in Macclesfield, NC is 0.88%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $83,821 in Macclesfield, the typical annual property tax bill is approximately $675, well below the national median of $2,690. Property taxes in Macclesfield are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Macclesfield'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 Macclesfield or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Macclesfield, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$738
$684
Ownwell’s Macclesfield Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Macclesfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Macclesfield to give you an accurate estimate of 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 Wilson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Macclesfield, North Carolina
Property taxes in Macclesfield, 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 Macclesfield is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Macclesfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Macclesfield 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 Macclesfield's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27852 has both the highest and lowest median property tax rate of 0.88%. Understanding how this compares with Macclesfield provides valuable insights into the varying tax landscape across Wilson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Macclesfield Tax Rate
0.88%
Average Wilson County Tax Rate
1.30%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macclesfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27852 | 0.54% | 0.84% | 0.88% | 0.91% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Macclesfield, North Carolina
In Macclesfield, 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 Wilson 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 Macclesfield, 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. Being aware of these valuation processes in Macclesfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 27852 has the highest and lowest median tax bill, both at $675, reflecting the uniformity in tax assessments across the area.
Property Tax Assessment Values Across Macclesfield, North Carolina
Source: Ownwell
$66,768
$107,800
$148,831
Average Macclesfield Assessed Value
$83,821
Average Wilson County Assessed Value
$97,889
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Macclesfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27852 | $21,990 | $52,734 | $83,821 | $128,277 | $223,359 |
Source: Ownwell
Property Tax Bills Across Macclesfield, North Carolina
In Macclesfield, located in Wilson County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors who evaluate the property's market value. Homeowners in Macclesfield typically see a range of tax bills, with the 25th percentile at $439 and the 75th percentile at $996, indicating a significant variation based on property values and exemptions. The 90th percentile tax bill can go up to $1,419, reflecting higher-value properties or fewer exemptions. The median home price in Macclesfield is $83,821, and the median tax bill is $675, aligning with the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For homeowners, understanding these factors is crucial as they directly impact annual financial obligations. Comparing this to the national landscape, Macclesfield's property tax rates are relatively moderate, offering a balanced tax environment for residents.
Average Macclesfield Tax Bill
$675
Average Wilson County Tax Bill
$1,033
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Macclesfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27852 | $199 | $439 | $675 | $996 | $1,419 |
Source: Ownwell