Hamilton, Martin County, North Carolina Property Taxes

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

Median Hamilton, NC effective property tax rate: 1.58%, significantly higher than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median Hamilton, NC home value: $15,035
Median annual Hamilton, NC tax bill: $701, $1,699 lower than the national median property tax bill of $2,400.

How are property taxes in Martin calculated?

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

Last Updated March 1, 2025

Hamilton, Martin County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.83%

Estimate Property Tax Bill

$958

$889

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

Property Tax Rates Across Hamilton, Martin County, North Carolina

Local government entities in North Carolina set property tax rates, which can vary significantly within the state. Each year, Martin County estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. The process involves votes and laws, but this is essentially how it works annually.

In Hamilton, located in Martin County, the effective property tax rate is a reflection of this process. When comparing Hamilton’s rate to other cities in North Carolina, it becomes apparent that tax rates can differ across regions. The median property tax rate in North Carolina is notably higher than the national median of 1.02%, making it essential for property owners to be aware of how these rates impact their tax bills. Understanding the local property tax landscape can help residents make informed decisions about property ownership and management.

Property Tax Rates Across Hamilton, Martin County, North Carolina

Source: Ownwell

1.03%

1.43%

1.83%

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 Hamilton Tax Rate

1.83%

Median Effective Martin County Tax Rate

1.14%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hamilton, Martin County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27840	1.02%	1.33%	1.83%	2.01%	2.40%

Source: Ownwell

Property Tax Assessment Values Across Hamilton, Martin County, North Carolina

When examining property taxes in Hamilton, 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 Martin 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 Martin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Hamilton. For example, the median home price in Hamilton is $15,035, with tax bills ranging significantly across the county. Zip code 27840 has the highest median home price at $15,035.

Property Tax Assessment Values Across Hamilton, Martin County, North Carolina

Source: Ownwell

$39,060

$60,710

$82,360

Median Hamilton Market Value

$52,345

Median Martin County Market Value

$68,420

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hamilton, Martin County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27840	$15,519	$27,508	$52,345	$72,162	$101,635

Source: Ownwell

Property Tax Bills Across Hamilton, Martin County, North Carolina

In Hamilton, NC, property tax bills are calculated based on the assessed value of a property, which is determined by the Martin County tax assessor. The assessed value is then multiplied by the local tax rate to calculate the tax bill. In Hamilton, the median property tax bill is significantly lower than the national median, with the highest median tax bill in the area being $701. Factors such as property size, location, and improvements can influence the assessed value and, consequently, the tax bill. Homeowners in Hamilton may find their property tax bills vary widely, with the 25th percentile paying around $128 and the 90th percentile reaching $1,145. This variability can be challenging for homeowners trying to budget their expenses. Ownwell offers property tax appeal and exemption services that can help homeowners reduce their tax bills. By reviewing assessments and identifying potential errors or opportunities for exemptions, Ownwell can assist homeowners in Hamilton in achieving significant savings on their property taxes.

Property Tax Bills Across Hamilton, Martin County, North Carolina

Source: Ownwell

$536

$731

$925

Median Hamilton Tax Bill

$851

Median Martin County Tax Bill

$800

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Hamilton, Martin County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27840	$305	$548	$851	$1,235	$1,617

Source: Ownwell