Magnolia, Sampson County, North Carolina Property Taxes
Median Magnolia, NC effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Magnolia, NC home value: $75,676
Median annual Magnolia, NC tax bill: $655, $1,745 lower than the national median property tax bill of $2,400.
How are property taxes in Sampson County 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, Sampson County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$856
$794
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 Sampson County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Magnolia, Sampson 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. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Magnolia, located in Sampson County, North Carolina, the effective property tax rate is a reflection of this process. Compared to other cities within North Carolina, Magnolia maintains a tax rate that aligns with the state’s median of 0.92%. This rate is slightly below the national median property tax rate of 1.02%, offering a more favorable tax environment for property owners in Magnolia.
Understanding these rates is crucial for property owners, as they directly impact the annual tax bill. With the national median property tax bill at $2400, Magnolia’s lower rate can lead to significant savings for homeowners. By staying informed about local tax rates and how they compare to state and national averages, property owners can make more informed financial decisions.
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
0.71%
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 Sampson County Tax Rate
0.71%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Magnolia, Sampson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28453 | 0.35% | 0.70% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Magnolia, Sampson 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 Sampson 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 Sampson 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 Magnolia. For example, the median home price in Magnolia is $75,676, with tax bills ranging significantly across the county. Zip code 28453 has the highest median home price at $75,676.
Property Tax Assessment Values Across Magnolia, Sampson County, North Carolina
Source: Ownwell
$92,254
$263,445
$434,636
Median Magnolia Market Value
$120,583
Median Sampson County Market Value
$143,478
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Magnolia, Sampson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28453 | $38,475 | $66,488 | $120,583 | $234,288 | $385,760 |
Source: Ownwell
Property Tax Bills Across Magnolia, Sampson County, North Carolina
In Magnolia, Sampson County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. With a median home price of $75,676, homeowners in this area face a median property tax bill that is notably lower than the national median of $2,400. The 25th percentile tax bill is $390, while the 75th and 90th percentiles reach $1,356 and $1,790, respectively. These figures highlight the variance in tax bills, influenced by factors such as property size, location, and improvements.
For homeowners, high property taxes can be a financial burden, impacting monthly budgets and long-term savings. This is where Ownwell comes in. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially lowering their tax bills. With a deep understanding of local tax regulations and a commitment to client savings, Ownwell is a valuable ally in managing property tax expenses effectively.
Median Magnolia Tax Bill
$786
Median Sampson County Tax Bill
$1,026
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Magnolia, Sampson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28453 | $231 | $424 | $786 | $1,451 | $1,953 |
Source: Ownwell