Parkton, Hoke County, North Carolina Property Taxes

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

Median Parkton, NC effective property tax rate: 0.88%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%. Median Parkton, NC home value: $198,440. Median annual Parkton, NC tax bill: $1,450, $950 lower than the national median property tax bill of $2,400. How are property taxes in Hoke County calculated? Property taxes in Parkton, 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 Parkton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Parkton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Parkton, Hoke County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.88%

Estimate Property Tax Bill

$1,379

$1,279

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

Property Tax Rates Across Parkton, Hoke County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Annually, 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, in a nutshell, this is the annual process.

In Parkton, located in Hoke County, NC, the effective property tax rate is a reflection of this process. The median property tax rate in North Carolina is lower than the national median property tax rate. This can be beneficial for property owners in Parkton, as they may experience lower tax bills compared to other parts of the country. However, it's important to consider that while the tax rate might be lower, the assessed value of properties and the overall tax bill can still vary based on local assessments and property values. Comparing Parkton’s effective property tax rate to other cities in North Carolina and the U.S. can provide valuable insight into how local property taxes stack up against state and national figures.

Property Tax Rates Across Parkton, Hoke County, North Carolina

Source: Ownwell

0.87%

0.97%

1.07%

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 Parkton Tax Rate

0.88%

Median Effective Hoke County Tax Rate

0.87%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Parkton, Hoke County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28371	0.76%	0.82%	0.88%	0.92%	1.08%

Source: Ownwell

Property Tax Assessment Values Across Parkton, Hoke County, North Carolina

When examining property taxes in Parkton, 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 Hoke 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 Hoke County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Parkton. For example, the median home price in Parkton is $198,440, with tax bills ranging significantly across the county. Zip code 28371 has the highest median home price at $198,440.

Property Tax Assessment Values Across Parkton, Hoke County, North Carolina

Source: Ownwell

$36,050

$105,750

$175,450

Median Parkton Market Value

$156,675

Median Hoke County Market Value

$167,065

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Parkton, Hoke County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28371	$28,300	$56,160	$156,675	$260,400	$391,935

Source: Ownwell

Property Tax Bills Across Parkton, Hoke County, North Carolina

In Parkton, Hoke County, NC, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value, determining the annual tax bill. For instance, with a median home price of $198,440, residents might see tax bills ranging from $1,126 at the 25th percentile to $3,186 at the 90th percentile. The median tax bill in Parkton is $1,450, which is below the national median of $2,400, indicating relatively lower property taxes compared to other areas. Factors such as home improvements or changes in market conditions can influence the assessed value and, consequently, the tax bill. Homeowners in Parkton can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing individual assessments, Ownwell identifies potential savings opportunities, ensuring homeowners are not overpaying. This service is particularly beneficial in a market where property values and taxes can fluctuate, providing peace of mind and potential financial relief for Parkton residents.

Property Tax Bills Across Parkton, Hoke County, North Carolina

Source: Ownwell

$420

$962

$1,504

Median Parkton Tax Bill

$1,415

Median Hoke County Tax Bill

$1,421

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Parkton, Hoke County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28371	$326	$548	$1,415	$2,265	$3,307

Source: Ownwell