Magnolia, Duplin County, North Carolina Property Taxes

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

Median Magnolia, NC effective property tax rate: 0.97%, slightly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Magnolia, NC home value: $62,000
Median annual Magnolia, NC tax bill: $658, $1,742 lower than the national median property tax bill of $2,400.

How are property taxes in Duplin calculated?

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

Last Updated March 1, 2025

Magnolia, Duplin County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$565

$524

Ownwell’s Magnolia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Magnolia with just two data points. By entering your property's estimated assessed value, our calculator applies Magnolia’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 Duplin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Magnolia, Duplin County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. This calculation forms the backbone of how property taxes are determined. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Magnolia, located in Duplin County, North Carolina, property owners experience a tax rate that aligns closely with the state median. North Carolina's median property tax rate is slightly below the national median, offering a more favorable environment for property owners compared to many other states. This can be particularly appealing for those seeking to minimize their property tax burden. Magnolia's effective property tax rate provides a point of comparison to other cities within North Carolina and the broader U.S. landscape. Understanding these rates can be crucial for homeowners who want to optimize their property tax situation and take advantage of any potential savings.

Property Tax Rates Across Magnolia, Duplin County, North Carolina

Source: Ownwell

0.83%

1.02%

1.21%

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 Magnolia Tax Rate

0.92%

Median Effective Duplin County Tax Rate

0.92%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Magnolia, Duplin County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28453	0.73%	0.81%	0.92%	1.34%	1.41%

Source: Ownwell

Property Tax Assessment Values Across Magnolia, Duplin County, North Carolina

When examining property taxes in Magnolia, 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 Duplin County Tax Office 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: Duplin County sends assessment notices 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 Magnolia. For example, the median home price in Magnolia is $62,000, with tax bills ranging significantly across the county. Zip code 28453 has the highest median home price at $62,000.

Property Tax Assessment Values Across Magnolia, Duplin County, North Carolina

Source: Ownwell

$61,200

$70,600

$80,000

Median Magnolia Market Value

$61,400

Median Duplin County Market Value

$70,300

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Magnolia, Duplin County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28453	$12,600	$36,050	$61,400	$88,100	$137,060

Source: Ownwell

Property Tax Bills Across Magnolia, Duplin County, North Carolina

In Magnolia, located in Duplin County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is typically lower than the market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Magnolia, the median property tax bill is $658, which is significantly lower than the national median of $2,400. However, tax bills can vary, with the 25th percentile at $458 and the 75th percentile at $1,004. Factors such as property improvements or changes in local tax rates can influence these amounts. High tax bills can strain homeowners, but Ownwell can help. By leveraging expertise in property tax appeals and exemptions, Ownwell assists homeowners in reducing their tax bills, potentially saving hundreds of dollars annually. This service ensures that homeowners only pay their fair share, providing financial relief and peace of mind.

Property Tax Bills Across Magnolia, Duplin County, North Carolina

Source: Ownwell

$552

$727

$901

Median Magnolia Tax Bill

$610

Median Duplin County Tax Bill

$688

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Magnolia, Duplin County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28453	$240	$421	$610	$892	$1,355

Source: Ownwell