Willard, North Carolina Property Taxes
The median property tax rate in Willard, NC is 1.01%, slightly above the national median of 0.99% and considerably higher than the North Carolina state median of 0.82%. With the median home value in Willard at $91,525, the typical annual property tax bill amounts to $884, which is significantly below the national median of $2,690. Property taxes in Willard are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Willard'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 Willard or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Willard, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$924
Ownwell’s Willard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willard 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 Willard, North Carolina
Property taxes in Willard, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willard is 1.01%, which is higher than the U.S. national median of 0.99%. Local government entities within Willard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willard 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 Willard's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28478 zip code has the highest median property tax rate of 1.01%, while the 28478 zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Willard provides valuable insights into the varying tax landscape across Pender County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Willard Tax Rate
1.01%
Average Pender County Tax Rate
0.88%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willard, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28478 | 0.66% | 0.84% | 1.01% | 1.11% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Willard, North Carolina
In Willard, 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 Pender 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. 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. In Willard, the median home price is $91,525, with tax bills ranging from $607 at the 25th percentile to $1,700 at the 90th percentile. The zip code 28478 has both the highest and lowest median tax bill at $884. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Willard Assessed Value
$91,525
Average Pender County Assessed Value
$183,803
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Willard, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28478 | $31,848 | $59,185 | $91,525 | $129,910 | $196,889 |
Source: Ownwell
Property Tax Bills Across Willard, North Carolina
In Willard, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the Pender County tax assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value. For homeowners in Willard, the median home price is $91,525. The tax bill can vary significantly, with the 25th percentile tax bill at $607 and the 75th percentile at $1,203. At the 90th percentile, homeowners might see a tax bill as high as $1,700. These figures highlight the potential range of property tax bills, which can impact household budgets. Comparatively, the national median property tax rate is 0.99%, making Willard's property taxes relatively moderate. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan accordingly.
Average Willard Tax Bill
$884
Average Pender County Tax Bill
$1,515
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Willard, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28478 | $243 | $607 | $884 | $1,203 | $1,700 |
Source: Ownwell