Grantsboro, Pamlico County, North Carolina Property Taxes
Median Grantsboro, NC effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Grantsboro, NC home value: $104,718
Median annual Grantsboro, NC tax bill: $701, $1,699 lower than the national median property tax bill of $2,400.
How are property taxes in Pamlico calculated?
Property taxes in Grantsboro, 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 Grantsboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grantsboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Grantsboro, Pamlico County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$759
$704
Property Tax Rates Across Grantsboro, Pamlico County, North Carolina
Local government entities are responsible for setting tax rates, which can differ significantly across regions. This variation is due to the annual process where each county determines its budgetary needs for public services and divides that by the total assessed value of all taxable properties within its boundaries. This calculation establishes the property tax rate. Although votes and legislation play a role in finalizing these rates and budgets, this is essentially how the process unfolds each year.
In Grantsboro, located in Pamlico County, North Carolina, the effective property tax rate is notably lower than the national median of 1.02%. This makes it an attractive option for property owners seeking lower tax liabilities. Compared to other cities in North Carolina, Grantsboro's rate aligns with the state's median, offering a balanced tax environment. For those looking to optimize their property tax expenses, understanding these local variations can be crucial. By considering these factors, property owners can make informed decisions about appealing their property assessments or seeking exemptions.
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 Grantsboro Tax Rate
0.72%
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 Pamlico 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 Grantsboro, Pamlico County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28529 | 0.69% | 0.69% | 0.72% | 0.77% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Grantsboro, Pamlico County, North Carolina
When examining property taxes in Grantsboro, 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 Pamlico 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 Pamlico 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 Grantsboro.
For example, the median home price in Grantsboro is $104,718, with tax bills ranging significantly across the county. Zip code 28529 has the highest median home price at $104,718.
Property Tax Assessment Values Across Grantsboro, Pamlico County, North Carolina
Source: Ownwell
$53,718
$140,313
$226,908
Median Grantsboro Market Value
$105,366
Median Pamlico County Market Value
$147,817
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Grantsboro, Pamlico County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28529 | $30,329 | $62,719 | $105,366 | $164,878 | $250,179 |
Source: Ownwell
Property Tax Bills Across Grantsboro, Pamlico County, North Carolina
Median Grantsboro Tax Bill
$732
Median Pamlico County Tax Bill
$1,091
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Grantsboro, Pamlico County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28529 | $200 | $414 | $732 | $1,181 | $1,763 |
Source: Ownwell