New Bern, Craven County, North Carolina Property Taxes

Name: Property Tax Bills Across New Bern, Craven County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median New Bern, NC effective property tax rate: 0.73%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median New Bern, NC home value: $213,300
Median annual New Bern, NC tax bill: $1,355, $1,045 lower than the national median property tax bill of $2,400.

How are property taxes in Craven calculated?

Property taxes in New Bern, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding New Bern’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Bern, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

New Bern, Craven County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.73%

Estimate Property Tax Bill

$1,557

$1,445

Ownwell’s New Bern Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Bern with just two data points. By entering your property's estimated assessed value, our calculator applies New Bern’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Craven County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across New Bern, Craven County, North Carolina

Local government entities set property tax rates, which can vary significantly within a state. This variation occurs because each county annually estimates its budget needs for providing essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting these rates and budgets, this is essentially the annual process. In New Bern, located in Craven County, North Carolina, the effective property tax rate can be compared to other cities within the state and to the median property tax rates in North Carolina and the U.S. Although New Bern's median tax rate is lower than the national median of 1.02%, it is crucial for property owners to understand how these rates impact their property tax bills. By staying informed about the local property tax landscape, homeowners can ensure they are not overpaying and can explore opportunities for appealing their property tax assessments if necessary.

Property Tax Rates Across New Bern, Craven County, North Carolina

Source: Ownwell

0.48%

0.82%

1.15%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective New Bern Tax Rate

0.73%

Median Effective Craven County Tax Rate

0.66%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Bern, Craven County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28560	0.48%	0.50%	0.52%	0.85%	0.89%
28562	0.48%	0.51%	0.84%	0.85%	0.87%

Source: Ownwell

Property Tax Assessment Values Across New Bern, Craven County, North Carolina

When examining property taxes in New Bern, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Craven County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: Craven County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in New Bern. For example, the median home price in New Bern is $213,300, with tax bills ranging significantly across the county. Zip code 28562 has the highest median home price at $230,800.

Property Tax Assessment Values Across New Bern, Craven County, North Carolina

Source: Ownwell

$106,165

$252,128

$398,090

Median New Bern Market Value

$213,300

Median Craven County Market Value

$192,005

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Bern, Craven County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28560	$47,767	$112,338	$190,190	$279,770	$381,198
28562	$103,490	$156,870	$230,800	$320,250	$445,889

Source: Ownwell

Property Tax Bills Across New Bern, Craven County, North Carolina

In New Bern, Craven County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $213,300. Homeowners in New Bern typically receive a property tax bill that can range significantly. While the 25th percentile of tax bills is $874, those at the 75th percentile reach $1,998, and the 90th percentile can be as high as $2,915. The highest median tax bill in the area is $1,576 in the 28562 zip code, whereas the lowest is $1,093 in the 28560 zip code. Compared to the national median property tax rate of 1.02%, New Bern's rates can offer some relief to homeowners. However, tax bills can still be a financial burden. This is where Ownwell steps in to assist homeowners by reviewing assessments and identifying potential savings through appeals and exemptions. By leveraging expert knowledge, homeowners can potentially reduce their tax liabilities and keep more money in their pockets.

Property Tax Bills Across New Bern, Craven County, North Carolina

Source: Ownwell

$588

$1,312

$2,036

Median New Bern Tax Bill

$1,355

Median Craven County Tax Bill

$1,328

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across New Bern, Craven County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28560	$339	$717	$1,093	$1,595	$2,334
28562	$591	$1,055	$1,576	$2,310	$3,299

Source: Ownwell