Scotland Neck, Halifax County, North Carolina Property Taxes

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

Median Scotland Neck, NC effective property tax rate: 1.22%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Scotland Neck, NC home value: $50,800
Median annual Scotland Neck, NC tax bill: $602, $1,798 lower than the national median property tax bill of $2,400.

How are property taxes in Halifax calculated?

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

Last Updated March 1, 2025

Scotland Neck, Halifax County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.22%

Estimate Property Tax Bill

$620

$575

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

Property Tax Rates Across Scotland Neck, Halifax County, North Carolina

Local government entities set property tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide essential services and dividing that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Though votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.

In Scotland Neck, located in Halifax County, NC, the effective property tax rate is notably higher than the national median of 1.02%. Interestingly, the median property tax rate in Halifax County matches the highest and lowest rates, all standing at 1.22%, indicating uniformity across the region. This rate is also higher than the national median property tax rate, highlighting the importance of understanding local tax implications. Comparing Scotland Neck's rate to other cities in North Carolina and the national median provides valuable insight into regional tax trends and can help property owners make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Scotland Neck, Halifax County, North Carolina

Source: Ownwell

0.98%

1.49%

1.99%

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 Scotland Neck Tax Rate

1.22%

Median Effective Halifax County Tax Rate

1.26%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Scotland Neck, Halifax County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27874	0.28%	0.90%	1.22%	1.73%	1.88%

Source: Ownwell

Property Tax Assessment Values Across Scotland Neck, Halifax County, North Carolina

When examining property taxes in Scotland Neck, 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 Halifax 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.

In Halifax 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 Scotland Neck. For example, the median home price in Scotland Neck is $50,800, with tax bills ranging significantly across the county. Zip code 27874 has the highest median home price at $50,800.

Property Tax Assessment Values Across Scotland Neck, Halifax County, North Carolina

Source: Ownwell

$33,800

$50,600

$67,400

Median Scotland Neck Market Value

$50,800

Median Halifax County Market Value

$52,600

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Scotland Neck, Halifax County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27874	$6,300	$21,125	$50,800	$95,650	$214,200

Source: Ownwell

Property Tax Bills Across Scotland Neck, Halifax County, North Carolina

In Scotland Neck, located in Halifax County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is determined by the local tax assessor. Homeowners in this region experience a range of tax bills, with the 25th percentile at $286 and the 75th percentile at $1,018. The 90th percentile reaches up to $1,629, which indicates significant variance depending on the property's assessed value. The median tax bill in the area is $602, which is considerably lower than the national median property tax bill of $2,400. This lower tax bill can be attributed to the relatively low median home price of $50,800 in Scotland Neck. Homeowners can benefit from appealing their property taxes to ensure they're not overpaying. Ownwell offers expert property tax appeal services, helping homeowners potentially save by ensuring their property is accurately assessed, thus lowering their tax burden and ensuring fair taxation.

Property Tax Bills Across Scotland Neck, Halifax County, North Carolina

Source: Ownwell

$395

$721

$1,046

Median Scotland Neck Tax Bill

$602

Median Halifax County Tax Bill

$701

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Scotland Neck, Halifax County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27874	$64	$286	$602	$1,018	$1,629

Source: Ownwell