Bunnlevel, North Carolina Property Taxes
The median property tax rate in Bunnlevel, NC is 0.75%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Bunnlevel being $213,438, the typical annual property tax bill amounts to $1,577, falling well below the national median of $2,690. Property taxes in Bunnlevel are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Gaining a thorough understanding of Bunnlevel's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bunnlevel or another part of Harnett County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bunnlevel, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$1,601
Ownwell’s Bunnlevel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bunnlevel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bunnlevel to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bunnlevel, North Carolina
Property taxes in Bunnlevel, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bunnlevel is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Bunnlevel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bunnlevel estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Bunnlevel's effective property tax rate to other areas in Harnett County and the national median. For comparison, the zip code 28323 has both the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Bunnlevel provides valuable insights into the varying tax landscape across Harnett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bunnlevel Tax Rate
0.75%
Average Harnett County Tax Rate
0.75%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bunnlevel, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28323 | 0.63% | 0.73% | 0.75% | 0.80% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Bunnlevel, North Carolina
In Bunnlevel, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Harnett County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Bunnlevel, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Bunnlevel is $213,438, with tax bills ranging from $1,028 at the 25th percentile to $2,680 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,577, found in the 28323 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bunnlevel, North Carolina
Source: Ownwell
$124,172
$203,073
$281,974
Average Bunnlevel Assessed Value
$213,438
Average Harnett County Assessed Value
$199,846
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bunnlevel, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28323 | $91,408 | $142,103 | $213,438 | $251,587 | $311,400 |
Source: Ownwell
Property Tax Bills Across Bunnlevel, North Carolina
In Bunnlevel, located in Harnett County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Bunnlevel can expect their tax bill to vary significantly depending on their property’s assessed value. For instance, the median home price in the area is $213,438. Property tax bills in the 25th percentile are around $1,028, while those in the 75th percentile reach approximately $2,230. The 90th percentile tax bill can be as high as $2,680. These figures are influenced by the local tax rate, which in Bunnlevel is comparable to the national median property tax rate of 0.99%. The highest and lowest median tax bills in the area are both recorded at $1,577, indicating a relatively consistent range within the zip code 28323. Understanding how these factors interplay helps homeowners anticipate their annual property tax obligations and manage their financial planning accordingly.
Average Bunnlevel Tax Bill
$1,577
Average Harnett County Tax Bill
$1,570
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Bunnlevel, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28323 | $637 | $1,028 | $1,577 | $2,230 | $2,680 |
Source: Ownwell