Dunn, North Carolina Property Taxes
The median property tax rate in Dunn, NC is 0.80%, lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Dunn at $104,520, the typical annual property tax bill is $793, significantly below the national median of $2,690. Property taxes in Dunn are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dunn'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 Dunn or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dunn, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$836
Ownwell’s Dunn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunn 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 Dunn, North Carolina
Property taxes in Dunn, 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 Dunn is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Dunn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunn 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 Dunn's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28334 has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with Dunn 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 Dunn Tax Rate
0.80%
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 Dunn, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28334 | 0.47% | 0.80% | 0.80% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Dunn, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Dunn, North Carolina. 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. In Dunn, 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. 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 Dunn helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 28334 has the highest median tax bill at $793.00, which is also the lowest median tax bill in the area.
Average Dunn Assessed Value
$104,520
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 Dunn, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28334 | $55,310 | $71,572 | $104,520 | $167,168 | $241,310 |
Source: Ownwell
Property Tax Bills Across Dunn, North Carolina
In Dunn, located in Johnston County, NC, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in Dunn is $104,520. Homeowners in this region can expect property tax bills that vary significantly depending on the assessed value of their property. For example, the tax bill at the 25th percentile is $533, while at the 75th percentile, it rises to $1,179. At the 90th percentile, homeowners might see tax bills as high as $1,751. The calculation of property tax bills involves multiplying the assessed value of the home by the local tax rate. This rate can fluctuate based on budgetary needs and local government decisions. For residents in Dunn, the highest and lowest median tax bills are both $793, indicating a relatively stable tax environment within the zip code 28334. Compared to the national median property tax rate of 0.99%, Dunn's property tax rates are competitive, offering homeowners a balanced approach to local taxation.
Average Dunn Tax Bill
$793
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 Dunn, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28334 | $391 | $533 | $793 | $1,179 | $1,751 |
Source: Ownwell