Wilsons Mills, North Carolina Property Taxes
The median property tax rate in Wilsons Mills, NC is 0.79%, slightly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Wilsons Mills at $117,990, the typical annual property tax bill is $1,235, which is below the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Wilsons Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Wilsons Mills or another part of Johnston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wilsons Mills, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$932
Ownwell’s Wilsons Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilsons Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilsons Mills 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 Wilsons Mills, North Carolina
Property taxes in Wilsons Mills, 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 Wilsons Mills is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Wilsons Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilsons Mills 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 Wilsons Mills' effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27593 has both the highest and lowest median property tax rate in the region, at 0.79%. Understanding how these areas compare with Wilsons Mills 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 Wilsons Mills 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 Wilsons Mills, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27593 | 0.41% | 0.68% | 0.79% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Wilsons Mills, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wilsons Mills, 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 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 Wilsons Mills, 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 median home price in Wilsons Mills is $117,990, with tax bills ranging from $568 at the 25th percentile to $1,958 at the 90th percentile. The highest and lowest median tax bills are both $1,235 in the 27593 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Wilsons Mills, North Carolina
Source: Ownwell
$91,150
$173,400
$255,650
Average Wilsons Mills Assessed Value
$117,990
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 Wilsons Mills, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27593 | $83,568 | $95,570 | $117,990 | $197,080 | $249,036 |
Source: Ownwell
Property Tax Bills Across Wilsons Mills, North Carolina
In Wilsons Mills, 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 Johnston County tax assessor and typically reflects a percentage of the property's market value. For homeowners in Wilsons Mills, the median home price stands at $117,990. The property tax rate in this region is applied to the assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including property improvements, location, and current market conditions. For example, the tax bill for homes in the 25th percentile is around $568, while those in the 75th percentile see bills closer to $1,634. At the 90th percentile, homeowners might pay up to $1,958 annually. These figures highlight the variability in tax bills depending on home values and other contributing factors. Compared to the national median property tax rate of 0.99%, Wilsons Mills offers a relatively moderate tax environment, which can significantly impact homeowners' financial planning and overall cost of living.
Average Wilsons Mills Tax Bill
$1,235
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 Wilsons Mills, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27593 | $410 | $568 | $1,235 | $1,634 | $1,958 |
Source: Ownwell