Mebane, North Carolina Property Taxes
The median property tax rate in Mebane, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Mebane, the typical annual property tax bill is just $16, far below the national median of $2,690. Property taxes in Mebane are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mebane'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 Mebane 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
Mebane, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$16
Ownwell’s Mebane Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mebane with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mebane 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 Mebane, North Carolina
Property taxes in Mebane, 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 Mebane is 0.69%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Mebane set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mebane 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 Mebane's effective property tax rate to other counties in North Carolina and the national median. For comparison, the highest median property tax rate in the state is found in Mecklenburg County at 1.05%, while Avery County has the lowest median tax rate of 0.40%. Understanding how these cities compare with Mebane provides valuable insights into the varying tax landscape across Alamance County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mebane 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 Mebane, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27302 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Mebane, North Carolina
In Mebane, 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 local 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 Mebane, 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 Mebane helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mebane, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Mebane Assessed Value
$4,000
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 Mebane, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27302 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
Source: Ownwell
Property Tax Bills Across Mebane, North Carolina
In Mebane, located in Avery County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessment considers various factors, including the property's size, location, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Mebane, the median home price is relatively low at $4,000. Despite this, the property tax bills are consistent across different percentiles, with the 25th, 75th, and 90th percentiles all seeing a tax bill of $16. This uniformity suggests a stable tax environment, which can be beneficial for homeowners planning their finances. Compared to the national median property tax rate of 0.99%, Mebane offers a remarkably low tax burden, making it an attractive location for homeowners looking for affordability. This low property tax rate can significantly ease the financial load on residents, allowing them to allocate resources to other essential needs or investments.
Average Mebane Tax Bill
$16
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Mebane, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27302 | $16 | $16 | $16 | $16 | $16 |
Source: Ownwell