Pine Knoll Shores, Carteret County, North Carolina Property Taxes

Local government entities are responsible for setting tax rates, which can differ significantly across various regions within a state. This variation occurs because each county, including Carteret County, calculates its necessary budget to fund services and divides it by the total value of all taxable properties within its borders. This process determines the property tax rate. Although there are legal procedures and votes that influence these rates, this is the essence of how property taxes are established annually.

In Pine Knoll Shores, located in Carteret County, the effective property tax rate stands at 0.34%. This rate is notably lower than both the North Carolina state median and the national median property tax rate of 1.02%. Consequently, property owners in Pine Knoll Shores benefit from a more favorable tax environment compared to many other regions. When considering property taxes, it's essential to understand how these rates impact your financial obligations and potential savings. The lower tax rate in Pine Knoll Shores can offer significant savings, making it an attractive location for property owners seeking to minimize their tax burden.

In Pine Knoll Shores, located in Carteret County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. With a median home price of $557,538, homeowners in Pine Knoll Shores may face property tax bills that vary significantly. The 25th percentile tax bill is $1,888, while the 75th percentile tax bill reaches $2,608, and the 90th percentile climbs to $2,915. These figures illustrate how property taxes can impact homeowners differently, depending on their property's assessed value and any applicable exemptions.

Ownwell can assist homeowners in Pine Knoll Shores by reviewing their property assessments and identifying potential savings. By filing property tax appeals and ensuring that homeowners receive all eligible exemptions, Ownwell helps to reduce tax burdens, potentially saving homeowners hundreds or even thousands of dollars. Our expertise ensures that you pay only what is fair, aligning your tax bill more closely with the national median property tax bill of $2,400.