Julian, North Carolina Property Taxes
The median property tax rate in Julian, NC is 0.85%, slightly higher than the North Carolina state median of 0.82% but lower than the national median of 0.99%. With the median home value in Julian at $141,150, the typical annual property tax bill reaches $1,172, which is below the national median of $2,690. Property taxes in Julian are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Julian'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 Julian 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
Julian, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$1,200
Ownwell’s Julian Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Julian with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Julian 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 Julian, North Carolina
Property taxes in Julian, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Julian is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities within Julian set these rates annually, and they can vary significantly across different neighborhoods. Each year, Julian 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 Julian's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27283 has the highest median property tax rate of 0.85%, while the same zip code also has the lowest median tax rate of 0.85%. Understanding how these areas compare with Julian provides valuable insights into the varying tax landscape across Guilford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Julian Tax Rate
0.85%
Average Guilford County Tax Rate
1.35%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Julian, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27283 | 0.81% | 0.81% | 0.85% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Julian, North Carolina
In Julian, 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 Guilford 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 Julian, 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 Julian helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 27283, with a value of $1,172, while the lowest median tax bill is also in 27283, with the same value of $1,172.
Average Julian Assessed Value
$141,150
Average Guilford County Assessed Value
$164,700
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Julian, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27283 | $35,870 | $77,800 | $141,150 | $198,125 | $275,450 |
Source: Ownwell
Property Tax Bills Across Julian, North Carolina
In Julian, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the Guilford County tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the market value of similar properties in the area, the condition of the home, and any improvements made. For homeowners in Julian, the median home price is $141,150. Property tax bills can vary significantly, with the 25th percentile at $635 and the 75th percentile at $1,686. The 90th percentile sees tax bills as high as $2,338. These figures highlight the range of property tax obligations homeowners might face, depending on their property's assessed value and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Julian's tax bills reflect a combination of local tax rates and property values. Understanding how these factors interplay can help homeowners anticipate their annual property tax responsibilities.
Average Julian Tax Bill
$1,172
Average Guilford County Tax Bill
$1,922
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Julian, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27283 | $304 | $635 | $1,172 | $1,686 | $2,338 |
Source: Ownwell