Willard, North Carolina Property Taxes
The median property tax rate in Willard, NC is 0.96%, slightly lower than the national median of 0.99% but significantly higher than the North Carolina state median of 0.82%. With a median home value of $86,000 in Willard, the typical annual property tax bill is $828, which is well below the national median of $2,690. Property taxes in Willard are calculated based on the assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. 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, understanding 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
0.96%
Estimate Property Tax Bill
$826
$766
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willard is 0.96%, which is slightly lower 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 areas in Duplin County and the national median. For comparison, the zip code 28478 has the highest median property tax rate of 0.96%, which is the same as the lowest median tax rate in the same zip code. Understanding how these areas compare with Willard provides valuable insights into the varying tax landscape across Duplin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Willard Tax Rate
0.96%
Average Duplin County Tax Rate
0.96%
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 | 0.94% | 0.95% | 0.96% | 0.98% | 0.99% |
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 Duplin 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 Willard, 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 Willard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Willard both stand at $828, specifically in the 28478 zip code.
Average Willard Assessed Value
$86,000
Average Duplin County Assessed Value
$70,400
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 | $66,430 | $76,825 | $86,000 | $96,400 | $109,000 |
Source: Ownwell
Property Tax Bills Across Willard, North Carolina
In Willard, located in Duplin County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $86,000, homeowners can expect their property tax bill to fall between $748 at the 25th percentile and $1,020 at the 90th percentile. The median tax bill in the area is $828, which is significantly lower than the national median property tax rate of 0.99%. Factors such as property location, improvements, and market conditions play a crucial role in determining the assessed value. Homeowners in Willard benefit from relatively low property tax rates, which can make homeownership more affordable compared to other regions. Understanding these factors can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average Willard Tax Bill
$828
Average Duplin County Tax Bill
$757
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 | $656 | $748 | $828 | $915 | $1,020 |
Source: Ownwell