Garner, North Carolina Property Taxes
The median property tax rate in Garner, NC is 0.78%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $245,210 in Garner, the typical annual property tax bill amounts to $1,914, significantly below the national median of $2,690. Property taxes in Garner are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Garner's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Garner or another part of Johnston County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Garner, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$1,913
Ownwell’s Garner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Garner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Garner 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 Garner, North Carolina
Property taxes in Garner, 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 Garner is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Garner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Garner 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 Garner's effective property tax rate to other areas and the national median. For comparison, the 27529 zip code has both the highest and lowest median property tax rate of 0.78%. Understanding how these areas compare with Garner 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 Garner Tax Rate
0.78%
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 Garner, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27529 | 0.78% | 0.78% | 0.78% | 0.78% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Garner, North Carolina
In Garner, 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 Garner, 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 Garner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 27529, with a median tax bill of $1,914, while the lowest median tax bill is also $1,914 in the same zip code.
Average Garner Assessed Value
$245,210
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 Garner, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27529 | $156,811 | $195,240 | $245,210 | $289,675 | $332,422 |
Source: Ownwell
Property Tax Bills Across Garner, North Carolina
Property tax bills in Garner, located in Johnston County, NC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. In Garner, the median home price is $245,210. For homeowners, this translates to a range of property tax bills. The 25th percentile tax bill is approximately $1,506, while the 75th percentile tax bill is around $2,265. The 90th percentile tax bill can reach up to $2,595. These figures indicate that Garner's property tax rates are relatively moderate compared to the national median property tax rate of 0.99%. Homeowners in Garner should be aware that their property tax bills can vary significantly based on the assessed value of their homes and the local tax rate. This variability can impact household budgets and should be considered when purchasing or refinancing a home.
Average Garner Tax Bill
$1,914
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 Garner, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27529 | $1,195 | $1,506 | $1,914 | $2,265 | $2,595 |
Source: Ownwell