Example of Pender County Property Tax Calculation
If someone owns property in Pender County, they are required to pay property taxes annually. The amount of property tax they owe is determined by the value of their property and the local tax rate.
To calculate Pender County Property Tax, one would first find the assessed value of the property. This value is determined by the county tax assessor and reflects an estimate of the property's market value.
Once the assessed value is determined, it is multiplied by the local tax rate, which is expressed as a percentage. For example, if the assessed value of a property is $100,000 and the local tax rate is 1%, the property tax owed would be $1,000 (100,000 x 0.01 = 1,000).
It's important to note that property tax rates can vary by location within Pender County, so it's recommended to check with the county tax assessor for the exact tax rate for a specific property.
If you want appeal your property tax assessment - contact your local tax assessor.
Pender County Property Tax Rates
The Pender County Property Tax rates are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $0.48 |
| Municipal Tax (if applicable) | Varies |
| Fire District Tax (if applicable) | Varies |
It is important to note that the municipal and fire district taxes vary depending on the specific location within Pender County. Therefore, it is recommended to contact the local tax authority or consult with a tax advisor for accurate information.
Who sets property tax rates in Pender County ?
In Pender County, property tax rates are set by the Pender County Board of Commissioners. These rates are set annually and are based on various factors, such as the assessed value of properties and the budgetary needs of the county. Property owners in Pender County typically receive their tax bills in July or August, and payments are due by January 5th of the following year. It is important for property owners to understand their tax obligations and stay informed about any changes to the tax rate.
Homestead exemptions in Pender County ?
To create a comprehensive list of Homestead exemptions and deductions in Pender County, North Carolina, the following table can be used:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Elderly/Disabled Exclusion | 65 years or older, or totally and permanently disabled | $25,000 | Applies to property value |
| Disabled Veteran Exclusion | Honorably discharged veteran with 100% permanent service-connected disability | Up to $45,000 | Applies to property value |
| Surviving Spouse Exclusion | Surviving spouse of a qualified veteran | Up to $45,000 | Applies to property value |
| Circuit Breaker Exclusion | Income less than $29,500 and property value less than $145,000 | Varies | Contact Pender County Tax Office for more information |
Additionally, Pender County offers deductions for the following:
- Religious buildings and cemeteries
- Educational buildings and property
- Non-profit organizations
- Disabled veterans
It's important to note that some of these exemptions and deductions require an application to be filed with the Pender County Tax Office. The office can provide more information on eligibility and application deadlines.
Overall, Pender County provides a variety of Homestead exemptions and deductions for those who qualify. It's worth exploring these options to potentially save money on property taxes.
When is Pender County Property Tax due ?
Pender County Property Tax Due Date and Payment Methods
Property owners in Pender County, North Carolina are required to pay property taxes annually. These taxes are used to fund several essential services such as schools, emergency services, and infrastructure projects.
Due Date
The due date for Pender County Property Tax is January 5th of each year. If the payment is not received by this date, interest and penalties will be added to the outstanding balance. Property owners can pay their taxes in installments using the Installment Payment Plan (IPP).
Payment Methods
There are several payment methods available for property owners to pay their property tax in Pender County:
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Online Payment: Property owners can pay their taxes online by visiting the Pender County website and selecting the online payment option.
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Mail: Payment can also be made through mail by sending a check or money order to the Pender County Tax Office. The mailing address is:
Pender County Tax Office PO Box 1187 Burgaw, NC 28425
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In-Person: Property owners can also make their payment in person by visiting the Pender County Tax Office located at 300 E. Freemont St. Burgaw, NC 28425.
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Dropbox: Property owners can also use the dropbox located outside the Pender County Tax Office to drop off their payment securely.
In summary, Pender County Property Tax is due on January 5th of each year, and property owners have multiple options for making their payment, including online, mail, in-person, and dropbox. Note that if a property owner fails to make their payment by the due date, they will incur interest and penalties.
If you have more questions - contact your local tax collector.
How is Pender County Property Tax penalty calculated ?
Pender County calculates property tax penalties based on a set percentage of the unpaid amount. Here's an example to help illustrate:
Let's say a property owner in Pender County owes $1,000 in property taxes and misses the payment deadline. The penalty for their unpaid taxes would be calculated as follows:
| Unpaid Amount | Penalty Percentage | Penalty Amount |
|---|---|---|
| $1,000 | 10% | $100 |
In this example, the penalty percentage is set to 10%. This means that for every dollar that the property owner owes in taxes, they will be charged an additional 10 cents in penalties.
So, in this case, the property owner would owe an additional $100 in penalties on top of the original $1,000 owed in taxes. This would bring their total owed amount to $1,100.
It's important to note that the penalty percentage may vary depending on the specific municipality or county in which the property is located. Additionally, penalties may accrue over time if the taxes remain unpaid, so it's important to pay on time to avoid additional fees.
We recommend contacting the Pender County Tax Office or a local tax professional for the most up-to-date and accurate information.