Dunn, North Carolina Property Taxes
The median property tax rate in Dunn, NC is 1.24%, considerably higher 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 $138,618, the typical annual property tax bill reaches $1,441, exceeding the national median of $2,690. Property taxes in Dunn are calculated based on the tax 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
1.24%
Estimate Property Tax Bill
$1,719
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, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunn is 1.24%, which is significantly higher 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. For comparison, the zip code 28334 has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Dunn provides valuable insights into the varying tax landscape across Harnett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dunn Tax Rate
1.24%
Average Harnett County Tax Rate
0.75%
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 | 0.72% | 0.76% | 1.24% | 1.30% | 1.35% |
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, NC. 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 Harnett 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. For instance, the highest median tax bill in Dunn is $1,441 in the 28334 zip code, which also has the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dunn Assessed Value
$138,618
Average Harnett County Assessed Value
$199,846
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 | $58,282 | $95,136 | $138,618 | $201,650 | $281,569 |
Source: Ownwell
Property Tax Bills Across Dunn, North Carolina
In Dunn, located in Harnett County, NC, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and reflects the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. In Dunn, the median home price is $138,618, which influences the overall tax burden for homeowners. Factors such as property location, home size, and market conditions play a significant role in determining the assessed value. Tax bills can vary widely; for example, the 25th percentile tax bill is $906, while the 75th percentile reaches $2,073, and the 90th percentile climbs to $2,826. These variations can significantly impact homeowners, depending on where their property falls within these percentiles. Compared to the national median property tax rate of 0.99%, Dunn's property tax rates can be seen as relatively moderate, providing a balanced financial environment for homeowners in the area.
Average Dunn Tax Bill
$1,441
Average Harnett County Tax Bill
$1,570
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 | $599 | $906 | $1,441 | $2,073 | $2,826 |
Source: Ownwell