Brunswick County, Nc: Property Tax Rates

The property tax rate in Brunswick County, North Carolina, is calculated based on the property's assessed fair market value. The county uses a complex formula to determine the tax owed, so there isn't a simple rate. However, for the Fiscal Year 2024, the ad valorem (property) tax rate is 0.3420 (34.20 cents per $100 value). The median property tax in the county is $933 per year for a home worth the median value of $190,500, which equates to an average of 0.49% of the property's assessed fair market value.

Property tax calculation

Property tax in Brunswick County, North Carolina, is calculated based on the property's fair market value, as determined by the Brunswick County Property Tax Assessor. The county uses a complex formula to determine the tax owed, so there isn't a simple tax rate. However, the ad valorem (property) tax rate for Fiscal Year 2024 (July 1, 2023, to June 30, 2024) is 0.3420 (34.20 cents per $100 value).

The median property tax in Brunswick County is $933 per year for a home worth the median value of $190,500. This equates to an average of 0.49% of a property's assessed fair market value. This figure can be used as a benchmark for comparing property taxes in the area with other regions.

In Brunswick County, real property includes land, buildings, structures, improvements, and other permanent fixtures. Mobile homes placed upon a permanent enclosed foundation on land owned by the homeowner are also considered real property.

Property tax is typically assessed annually and is due on property owned by individuals, businesses, or other entities. The tax is calculated based on the property's value and the applicable tax rate. In Brunswick County, property taxes are assessed and collected by the local tax assessor's office.

The county reassesses or revalues real property at least once every eight years, although Brunswick County has adopted a shorter interval of four years. The current valuation is effective as of January 1, 2023. Property owners are required to report any new buildings, additions, or improvements made during the preceding calendar year.

Property tax appeals

The property tax rate in Brunswick County, North Carolina, is an ad valorem tax, which means it is based on the value of the property. The rate for the 2024 fiscal year is 0.3420 (34.20 cents per $100 value). The median property tax in Brunswick County is $933 per year for a home worth the median value of $190,500. This equates to 0.49% of the property's assessed fair market value.

If you believe your property has been overassessed, you can appeal the Brunswick County property tax. The first step is to contact the tax office informally and try to resolve the issue without filing a formal appeal. If this is unsuccessful, you can make a formal appeal to the local Board of Equalization and Review. This is a more formal process, where you will be given a specific amount of time to present your case, and the county will also present its side. The Board may decide the appeal immediately or choose to delay its decision for further deliberation.

If you are not satisfied with the decision of the local board, you can appeal to the State Board of Equalization and Review, known as the Property Tax Commission. This is a trial court, and you will have the burden of proof. You can present your own case, but it is recommended to hire an attorney. If your appeal is denied by the Property Tax Commission, you can re-appeal to the state Court of Appeals or the state Supreme Court, although they may choose not to hear the case.

For your appeal, you will need to provide the tax assessor's current appraisal of your property, along with your proposed appraisal and a description of why you believe your appraisal is more accurate. You can include previous appraisals, expert opinions, and appraisals for similar properties as supporting documentation.

It is important to note that an appeal of your property tax may result in the value being reduced, unchanged, or possibly increased.

Property tax exemptions

The Brunswick County Homestead Exemption reduces the appraised valuation of a primary residence before calculating the property tax owed, resulting in a lower annual property tax rate for owner-occupied homes. To qualify for this exemption, you must submit a homestead exemption application to the Brunswick County Assessor's Office.

Additionally, you can inquire about other potential exemptions for veterans, seniors, low-income families, or property used for specific purposes, such as farmland or open space. These exemptions may provide further reductions in property tax liability for eligible individuals or entities.

It is worth noting that property taxes in Brunswick County, North Carolina, are determined using a complex formula that takes into account the specific characteristics of each property. Therefore, it is always advisable to contact the Brunswick County Tax Assessor's Office for specific information regarding your property and any applicable exemptions or deductions.

The Brunswick County Tax Assessor's Office is responsible for assessing the fair market value of properties and determining the applicable property tax rate. They can provide valuable information, such as property tax history and records, which are essential when buying a new property or appealing an appraisal.

Property tax deductions

The property tax rate in Brunswick County, North Carolina, is based on a complicated formula that considers the property's fair market value and other factors. While the exact rate varies for each property, the county's ad valorem (property) tax rate for Fiscal Year 2024 (July 1, 2023, to June 30, 2024) is 0.3420 (or 34.20 cents per $100 value). This rate is typically adopted annually in late spring or early summer.

Property owners in Brunswick County may be able to take advantage of certain property tax deductions and relief programs. Here are some key considerations and programs related to property tax deductions:

• Federal Income Tax Deduction: You can typically deduct 100% of your Brunswick County property taxes from your taxable income on your Federal Income Tax Return as an itemized deduction. This deduction can provide a significant tax benefit when filing your federal taxes.
• State Income Tax Deduction: In addition to federal deductions, North Carolina may allow you to deduct some or all of your Brunswick County property taxes from your state income tax return. This can further reduce your tax burden.
• Homestead Exemption: Brunswick County offers a Homestead Exemption program that can reduce the appraised valuation of a primary residence before calculating the property tax owed. This results in a lower annual property tax rate for owner-occupied homes. To apply for this exemption, contact the Brunswick County Assessor's Office to inquire about eligibility requirements and the application process.
• Elderly or Disabled Homestead Exclusion: This program is designed to provide tax relief to qualifying homeowners who are aged 65 or older, or totally and permanently disabled. It excludes either the greater of the first $25,000 or 50% of the appraised value of the permanent residence of a qualifying owner. There are income limits associated with this program, and you can find the current income eligibility criteria on the Application for Tax Relief.
• Disabled Veteran Homestead Exclusion: The county offers a Disabled Veteran Homestead Exclusion that excludes up to the first $45,000 of the appraised value of the permanent residence of a disabled veteran. This program has no age or income limitations and also extends to surviving spouses of eligible veterans. Contact the Brunswick County Assessor's Office for more information and to apply.
• Homestead Circuit Breaker: This program limits taxes for each year to a certain percentage of the qualifying owner's income. To qualify, an owner must meet specific age or disability requirements and income eligibility criteria. The taxes are limited to 4% or 5% of the owner's income, depending on their income level. It's important to note that taxes over the limitation amount are deferred and remain a lien on the property.
• Present-Use Value Classification: This classification applies to property used for agriculture, horticulture, or forestland. Qualifying properties are assessed at their present-use value rather than their market value, which can result in a lower property tax obligation.

It's important to stay informed about current tax rates and deductions, as they may change over time. Additionally, specific eligibility requirements and application processes may apply for each program, so be sure to review the relevant guidelines provided by Brunswick County and consult with the appropriate county offices for further details.

Taxable non-business personal property

The property tax rate in Brunswick County, North Carolina, is complicated and depends on the property. The county uses a complex formula to determine the property tax owed on individual properties. The median property tax in the county is $933 per year for a home worth the median value of $190,500. This equates to about 0.49% of a property's assessed fair market value.

When it comes to taxable non-business personal property, Brunswick County includes watercraft, mobile homes, aircraft, and vehicles—both registered and unregistered motor vehicles. These are subject to the same property tax rate as outlined above.

The deadline for listing personal property is January 31, and a 10% penalty is applied if the property is not listed in time. Businesses may request an extension, but this request must be received by the tax office by the same date.

In 2005, North Carolina implemented the Tag and Tax Together program, which combines motor vehicle registration renewal and property tax collection. As a result, your vehicle tax will be due at the same time as your registration renewal, and you cannot renew your vehicle registration unless all taxes and fees are paid in full.

Frequently asked questions