Kenly, North Carolina Property Taxes
The median property tax rate in Kenly, NC is 0.79%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Kenly at $125,975, the typical annual property tax bill amounts to $1,049, significantly below the national median of $2,690. Property taxes in Kenly are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Kenly'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 Kenly 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
Kenly, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$995
Ownwell’s Kenly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kenly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kenly 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 Kenly, North Carolina
Property taxes in Kenly, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kenly is 0.79%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Kenly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenly 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 Kenly's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27542 has both the highest and lowest median property tax rate of 0.79%. Understanding how these cities compare with Kenly 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 Kenly Tax Rate
0.79%
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 Kenly, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27542 | 0.57% | 0.79% | 0.79% | 0.81% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across Kenly, North Carolina
In Kenly, 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. In Kenly, 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 Kenly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kenly are both $1049, found in the 27542 zip code.
Average Kenly Assessed Value
$125,975
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 Kenly, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27542 | $62,566 | $86,005 | $125,975 | $186,380 | $269,213 |
Source: Ownwell
Property Tax Bills Across Kenly, North Carolina
In Kenly, located in Johnston County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Kenly, the median home price stands at $125,975. Property tax bills can vary significantly, with the 25th percentile paying around $687, while those in the 75th percentile face bills up to $1,539. The top 10% of homeowners might see tax bills as high as $2,178. The median tax bill in Kenly is $1,049, which aligns with the national median property tax rate of 0.99%. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in Kenly. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Kenly Tax Bill
$1,049
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 Kenly, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27542 | $500 | $687 | $1,049 | $1,539 | $2,178 |
Source: Ownwell