Clayton, North Carolina Property Taxes
The median property tax rate in Clayton, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $521,600 in Clayton, the typical annual property tax bill amounts to $2,086, which is below the national median of $2,690. Property taxes in Clayton are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Clayton'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 Clayton 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
Clayton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$2,086
$1,936
Ownwell’s Clayton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clayton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clayton 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 Clayton, North Carolina
Property taxes in Clayton, 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 Clayton is 0.81%, which is higher than the North Carolina state median of 0.70% but still below the U.S. national median of 0.99%. Local government entities within Clayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clayton 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 Clayton's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27520 zip code has the highest median property tax rate of 0.85%, while the 27527 zip code has the lowest median tax rate of 0.78%. Understanding how these areas compare with Clayton 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 Clayton Tax Rate
0.40%
Average Avery County Tax Rate
0.40%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clayton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27527 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Clayton, North Carolina
In Clayton, 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 Avery 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 Clayton, 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. Clayton's median home price is $521,600, with the median tax bill being $2,086. Notably, the zip code 27527 has both the highest and lowest median tax bills, each at $2,086. 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 Clayton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Clayton, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Clayton Assessed Value
$521,600
Average Avery County Assessed Value
$135,500
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clayton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27527 | $521,600 | $521,600 | $521,600 | $521,600 | $521,600 |
Source: Ownwell
Property Tax Bills Across Clayton, North Carolina
In Clayton, NC, property tax bills are determined based on the assessed value of a home, which is derived from the market value. The assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For example, with a median home price of $521,600 in Clayton, homeowners can expect a median tax bill of $2,086. This rate is significantly lower than the national median property tax rate of 0.99%, making it a more affordable option for homeowners. Several factors influence the assessed value, including the property's location, size, and condition. These factors ensure that the tax bill reflects the property's true market value. Homeowners in Clayton benefit from a stable tax environment, as the tax bill remains consistent across different percentiles, including the 25th, 75th, and 90th percentiles, all reporting the same median tax bill of $2,086. This consistency provides homeowners with predictable annual expenses, aiding in better financial planning and stability.
Average Clayton Tax Bill
$2,086
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Clayton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27527 | $2,086 | $2,086 | $2,086 | $2,086 | $2,086 |
Source: Ownwell