What are the property taxes in north carolina
What taxes does a homeowner in NC typically pay? If you live in a city are you also taxed by the county? Any other insights? (I'm trying to get a handle on the difference between taxes in NC and those in PA).
There's no "typical" rate as the property tax rate varies by county, and there are 100 counties. If you live in a city you typically pay a rate that is a combination of both the city and county rates.
I am over-simplifying, but your property is taxed at 100% of assessed value, and the county mill rates run between $0.29 and about $1.03. Carteret County is on the low end, and Scotland County on the high end. This chart is helpful: http://www.dor.state.nc.us/publicati.
_tax_rates.pdf The rates with city add-ons run about $1.30 in the Triangle to about $1.99 in some stressed small cities.
An example: The rate for Onslow County is $0.585, so a house assessed at $300,000 is taxed at 300000 / 100 * 0.585 or $1755 .
Since you asked about Morehead City, here's a chart of the add-on rates for Carteret County: http://carteretcountytax.com/_fileUp. 13TaxRates.pdf. I believe the rate for Morehead City is the sum of the rate for the county (.29) plus the city rate (.285) or .575. However, there are probably also add-ons for water, rescue district, fire-district and solid waste. Those are too complicated to figure, so it's best to get the actual bill for a property you are interested in.
I think you will find the property taxes are cheaper than Pennsylvania or Maryland, but not as low as in South Carolina.
Last edited by goldenage1; 11-17-2012 at 06:41 PM. Reason: Corrected for Carteret CountySource: www.city-data.com