Mebane, North Carolina Property Taxes
The median property tax rate in Mebane, NC is 0.85%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Mebane, the typical annual property tax bill reaches $836, which is significantly lower than 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 Caswell County, 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
0.85%
Estimate Property Tax Bill
$877
$814
Ownwell’s Mebane Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mebane with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Mebane to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available below. Your property’s assessed value is determined by Caswell County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Mebane, North Carolina
Property taxes in Mebane, North Carolina, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Mebane is 0.85%, which is 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 zip code 27302 has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Mebane provides valuable insights into the varying tax landscape across Caswell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mebane Tax Rate
0.85%
Average Caswell County Tax Rate
0.87%
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 | 0.53% | 0.77% | 0.85% | 0.92% | 0.99% |
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 Caswell 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 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. The zip code 27302 has the highest median tax bill at $836.00, and the lowest median tax bill is also $836.00, reflecting a consistent tax landscape within the city.
Average Mebane Assessed Value
$103,232
Average Caswell County Assessed Value
$93,808
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 | $42,950 | $69,228 | $103,232 | $170,364 | $303,763 |
Source: Ownwell
Property Tax Bills Across Mebane, North Carolina
In Mebane, located in Caswell County, NC, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county tax assessor and is typically a percentage of the property's market value. For homeowners in Mebane, the median home price is $103,232. The property tax rate in this area influences how much homeowners pay annually. Several factors contribute to the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. In Mebane, the 25th percentile tax bill is $576, while the 75th percentile tax bill reaches $1272, and the 90th percentile tax bill can go up to $2218. This variation reflects differences in property values and potential exemptions. Compared to the national median property tax rate of 0.99%, Mebane's rates can have a significant impact on homeowners, affecting their overall housing costs and financial planning. Homeowners should stay informed about local tax rates and assessments to effectively manage their property tax obligations.
Average Mebane Tax Bill
$836
Average Caswell County Tax Bill
$799
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 | $360 | $576 | $836 | $1,272 | $2,218 |
Source: Ownwell