Farmville, Pitt County, North Carolina Property Taxes
Median Farmville, NC effective property tax rate: 1.28%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Farmville, NC home value: $98,010
Median annual Farmville, NC tax bill: $1,090, $1,310 lower than the national median property tax bill of $2,400.
How are property taxes in Pitt calculated?
Property taxes in Farmville, 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 Farmville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Farmville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Farmville, Pitt County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.15%
Estimate Property Tax Bill
$2,015
$1,870
Property Tax Rates Across Farmville, Pitt County, North Carolina
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While setting tax rates and budgets involves votes and laws, this is the essence of the annual process.
Farmville in Pitt County, North Carolina, demonstrates this variability in property tax rates. While the median property tax rate in North Carolina is 0.84%, Farmville's effective property tax rate stands at 1.28%. This is notably higher than the national median property tax rate of 1.02%. Comparatively, Farmville's rate is consistent with the highest and lowest rates within its zip code, 27828, indicating a uniformity in tax rates across the area. Understanding these differences is crucial for property owners, as they directly affect the annual property tax bill. By comparing Farmville's property tax rate to state and national medians, property owners can better anticipate their tax liabilities and make 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 Farmville Tax Rate
1.15%
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 Pitt County Tax Rate
0.98%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Farmville, Pitt County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27828 | 0.73% | 0.78% | 1.15% | 1.19% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Farmville, Pitt County, North Carolina
When examining property taxes in Farmville, 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 Pitt 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 Pitt 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 Farmville.
For example, the median home price in Farmville is $98,010, with tax bills ranging significantly across the county. Zip code 27828 has the highest median home price at $98,010.
Property Tax Assessment Values Across Farmville, Pitt County, North Carolina
Source: Ownwell
$80,452
$178,641
$276,829
Median Farmville Market Value
$175,213
Median Pitt County Market Value
$210,056
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Farmville, Pitt County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27828 | $67,598 | $111,854 | $175,213 | $258,895 | $355,820 |
Source: Ownwell
Property Tax Bills Across Farmville, Pitt County, North Carolina
In Farmville, Pitt County, NC, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the local government and is based on the property's market value. In Pitt County, the median property tax bill is $1,090, which is below the national median of $2,400. Homeowners in Farmville could pay as little as $666 at the 25th percentile or as much as $2,593 at the 90th percentile. These figures highlight the variability in tax bills, influenced by factors such as property size, location, and improvements.
High property taxes can significantly impact a homeowner's budget, making it essential to ensure that assessments are accurate. Ownwell offers services to help homeowners appeal their property tax assessments and apply for exemptions, potentially leading to significant savings. By leveraging expert knowledge and a proven process, Ownwell assists homeowners in reducing their tax burden, ensuring they only pay their fair share.
Median Farmville Tax Bill
$1,722
Median Pitt County Tax Bill
$1,844
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Farmville, Pitt County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27828 | $679 | $1,063 | $1,722 | $2,556 | $3,748 |
Source: Ownwell