Example of Duplin County Property Tax Calculation
Duplin County Property Tax is calculated based on the assessed value of the property. For example, if a property in Duplin County is assessed at $100,000, and the tax rate is 0.7%, the property tax would be calculated as follows:
Step 1: Calculate the assessed value of the property by multiplying the property's appraised value (in this case, $100,000) by the county's assessment percentage (which varies based on the type of property). Assuming a percentage of 80%, the assessed value would be $80,000.
Step 2: Multiply the assessed value by the tax rate (0.7%). Using our example, the property tax would be $560 ($80,000 x 0.7%).
It's important to note that property tax rates and assessment percentages can vary based on location and other factors. Additionally, property owners may be eligible for certain exemptions or deductions, which could lower their overall property tax liability.
If you want appeal your property tax assessment - contact your local tax assessor.
Duplin County Property Tax Rates
Here are the Duplin County Property Tax rates in a formatted table:
| Tax Type | Rate per $100 Assessed Value |
|---|---|
| County Property Tax | $0.70 |
| Fire Districts | $0.08 - $0.10 |
| Municipal Property Tax | Varies by municipality |
Note: The above rates are as of the time of writing and are subject to change. It is important to consult with a tax advisor for accurate and up-to-date information.
Who sets property tax rates in Duplin County ?
Who sets property tax rates in Duplin County?
The Duplin County Board of Commissioners sets the property tax rates in Duplin County. The Board is made up of elected officials who are responsible for making important decisions regarding the county's affairs, including setting tax rates.
When are property tax rates set in Duplin County?
Property tax rates in Duplin County are typically set during the budget planning process each year. The budget is usually adopted in June, and property tax rates are determined as a part of this process.
It should be noted that property tax rates may also be adjusted outside of the budget planning process due to changes in state law or other factors that may impact the county's revenue or expenditures. In such cases, the Board of Commissioners will hold public hearings to gather input from residents before making any changes to property tax rates.
Overall, property tax rates in Duplin County are set by elected officials and are subject to change based on various factors. It is important for residents to stay informed about these rates and to participate in the budget planning process to ensure their voices are heard.
Homestead exemptions in Duplin County ?
To help North Carolina residents understand the Homestead exemptions and deductions available in Duplin County, we have compiled a table with relevant information regarding eligibility, exemption amounts, and additional notes.
Duplin County Homestead Exemptions and Deductions
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Elderly or Disabled Exemption | Age 65+ OR totally and permanently disabled | $25,000 or 50% of appraised value, whichever is greater | Must apply by June 1st |
| Homestead Circuit Breaker | Household income less than $31,000 | Varies based on income and property value | Must apply by June 1st |
| Veteran Exemption | Honorably discharged veteran or spouse of deceased veteran | $45,000 or 50% of appraised value, whichever is greater | Must apply by June 1st |
| Disabled Veteran Exemption | Totally and permanently disabled veteran or spouse of deceased disabled veteran | $45,000 or 50% of appraised value, whichever is greater | Must apply by June 1st |
| Firefighter/Rescue Squad Member Exemption | Active member of fire department or rescue squad for at least 5 years | $10,000 | Must apply by June 1st |
| Volunteer Emergency Medical Services Personnel Exemption | Active member of a licensed emergency medical services agency for at least 5 years | $10,000 | Must apply by June 1st |
| Property Tax Relief for Elderly or Disabled | Age 65+ OR totally and permanently disabled AND household income less than $31,000 | Varies based on income and property value | Must apply by June 1st |
It's important to note that all exemptions and deductions require an application to be filed by June 1st of the tax year. Additionally, applicants may only receive one exemption or deduction per property. Duplin County residents are encouraged to reach out to their local tax office for more information or assistance in applying for these benefits.
By taking advantage of these Homestead exemptions and deductions, eligible Duplin County residents may be able to significantly reduce their property tax burden.
When is Duplin County Property Tax due ?
Duplin County Property Tax is typically due on September 1st of each year. This deadline applies to both real and personal property tax payments.
There are several payment methods available to taxpayers in Duplin County. These include:
| Payment Method | Description |
|---|---|
| Online Payment | Taxpayers can pay their property taxes online using a credit card or e-check. There is a convenience fee for this service. |
| Taxpayers can also mail their property tax payments to the Duplin County Tax Department. Mailed payments must be postmarked on or before the September 1st deadline. | |
| In-Person | Taxpayers can make in-person payments at the Duplin County Tax Department during regular business hours. |
It is important to note that late payments will result in penalties and interest charges. Taxpayers who are unable to pay their property taxes in full by the September 1st deadline may be eligible for a payment plan. To set up a payment plan, taxpayers should contact the Duplin County Tax Department.
If you have more questions - contact your local tax collector.
How is Duplin County Property Tax penalty calculated ?
Duplin County Property Tax penalty is calculated based on the unpaid balance of property taxes owed by the property owner. The penalty is calculated at a rate of 5% for the first month and an additional 0.75% for each month thereafter until the taxes are paid in full.
To better illustrate, here is an example:
John owns a property in Duplin County and owes $2,000 in property taxes. The due date for the taxes was January 1st, but John failed to pay on time. By February 1st, John would owe a penalty of $100 (5% of $2,000). If John still has not paid by March 1st, his penalty would then be $115 (5% for February plus 0.75% for March). The penalty will continue to increase each month until John pays the full amount owed.
It is important for property owners in Duplin County to pay their property taxes on time to avoid any unnecessary penalties or fees.
We recommend contacting the Duplin County Tax Office or a local tax professional for the most up-to-date and accurate information.