Clayton, North Carolina Property Taxes
The median property tax rate in Clayton, NC, is 0.82%, aligning with the state median but still below the national median of 0.99%. With a median home value of $219,175 in Clayton, the typical annual property tax bill amounts to $2,052, which is less than the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Clayton'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 Clayton or another part of Johnston County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clayton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$1,797
Ownwell’s Clayton Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clayton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clayton to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more granular data, scroll down to explore trends at the neighborhood level. Your property’s assessed value is the value assigned by Johnston County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Clayton, North Carolina
Property taxes in Clayton, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clayton is 0.82%, slightly lower than the North Carolina state median of 0.84% but still below the U.S. national median of 0.99%. Local government entities within Clayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clayton 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 Clayton's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27520 has the highest median property tax rate of 0.84%, while zip code 27527 has the lowest median tax rate of 0.81%. Understanding how these areas compare with Clayton provides valuable insights into the varying tax landscape across Johnston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clayton Tax Rate
0.82%
Average Johnston County Tax Rate
0.81%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clayton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27520 | 0.77% | 0.78% | 0.84% | 1.29% | 1.29% |
| 27527 | 0.77% | 0.81% | 0.81% | 1.19% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Clayton, North Carolina
In Clayton, 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 Johnston 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. Assessment notices in Clayton 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Clayton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Clayton, the highest median tax bill is $2,269 in zip code 27527, while the lowest median tax bill is $1,885 in zip code 27520.
Average Clayton Assessed Value
$219,175
Average Johnston County Assessed Value
$190,250
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clayton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27520 | $112,855 | $147,532 | $187,630 | $247,255 | $315,950 |
| 27527 | $165,443 | $207,220 | $255,650 | $313,332 | $394,155 |
Source: Ownwell
Property Tax Bills Across Clayton, North Carolina
In Clayton, NC, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Clayton is $219,175. Homeowners can expect their tax bills to vary based on their property's assessed value and the specific tax rate applied by Johnston County. For instance, the 25th percentile tax bill is around $1,522, while the 75th percentile tax bill reaches approximately $2,675. The 90th percentile tax bill can be as high as $3,495. The highest median tax bill in Clayton is $2,269 in the 27527 zip code, whereas the lowest median tax bill is $1,885 in the 27520 zip code. These figures highlight the variability within even small geographic areas. Homeowners should be aware that their tax bills are influenced by the market value of their property and the specific tax rates set by local authorities. This variability can significantly impact annual homeownership costs, making it essential for homeowners to stay informed about their local tax assessments and potential exemptions.
Average Clayton Tax Bill
$2,052
Average Johnston County Tax Bill
$1,676
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Clayton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27520 | $1,017 | $1,324 | $1,885 | $2,454 | $3,012 |
| 27527 | $1,419 | $1,804 | $2,269 | $3,065 | $4,066 |
Source: Ownwell