Fayetteville, North Carolina Property Taxes
The median property tax rate in Fayetteville, NC is 0.86%, slightly below the national median of 0.99% but just above the North Carolina state median of 0.82%. With the median home value in Fayetteville at $78,392, the typical annual property tax bill is $678, which is significantly lower than the national median of $2,690. Property taxes in Fayetteville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fayetteville'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 Fayetteville 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
Fayetteville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$674
Ownwell’s Fayetteville Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Fayetteville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Fayetteville to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, ensuring you are well-informed. For those interested in more detailed insights, you can scroll down to explore trends at the neighborhood level. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Fayetteville, North Carolina
Property taxes in Fayetteville, 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 Fayetteville is 0.86%, which is slightly lower than the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Fayetteville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fayetteville 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 Fayetteville's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 28306 zip code has the highest median property tax rate of 0.88%, while the 28312 zip code has the lowest median tax rate of 0.85%. Understanding how these areas compare with Fayetteville provides valuable insights into the varying tax landscape across Bladen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fayetteville Tax Rate
0.86%
Average Bladen County Tax Rate
0.84%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fayetteville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28306 | 0.55% | 0.88% | 0.88% | 0.89% | 0.89% |
| 28312 | 0.67% | 0.81% | 0.84% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Fayetteville, North Carolina
In Fayetteville, 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 Bladen 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 Fayetteville, 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 Fayetteville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $705.00 in the 28306 zip code, while the lowest is $514.00 in the 28312 zip code.
Property Tax Assessment Values Across Fayetteville, North Carolina
Source: Ownwell
$41,082
$97,728
$154,373
Average Fayetteville Assessed Value
$78,392
Average Bladen County Assessed Value
$73,187
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fayetteville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28306 | $29,552 | $59,218 | $79,954 | $122,232 | $187,035 |
| 28312 | $9,895 | $20,778 | $60,151 | $136,750 | $221,983 |
Source: Ownwell
Property Tax Bills Across Fayetteville, North Carolina
In Fayetteville, NC, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this assessed value. The median home price in Fayetteville is $78,392, and the property tax rate is applied to this value to calculate the annual tax bill. Factors such as property location, home improvements, and market conditions can influence the assessed value. Homeowners in Fayetteville can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $269, while the 75th percentile reaches $994. At the higher end, the 90th percentile tax bill is approximately $1,818. The highest median tax bill is $705 in the 28306 zip code, whereas the lowest median tax bill is $514 in the 28312 zip code. These variations can affect homeowners' financial planning and the overall affordability of owning property in Fayetteville, especially when compared to the national median property tax rate of 0.99%.
Average Fayetteville Tax Bill
$678
Average Bladen County Tax Bill
$591
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Fayetteville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28306 | $130 | $464 | $705 | $1,015 | $1,600 |
| 28312 | $68 | $170 | $514 | $983 | $1,836 |
Source: Ownwell