Youngsville, North Carolina Property Taxes
The median property tax rate in Youngsville, NC is 0.93%, slightly below the national median of 0.99% but above the North Carolina state median of 0.82%. With the median home value in Youngsville at $218,740, the typical annual property tax bill is $2,009, which is lower than the national median of $2,690. Property taxes in Youngsville are calculated based on the tax assessed value, often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Youngsville'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 Youngsville or another part of Franklin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Youngsville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$2,034
-$21,319
Ownwell’s Youngsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Youngsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Youngsville 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 Youngsville, North Carolina
Property taxes in Youngsville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Youngsville is 0.93%, which is lower than the U.S. national median of 0.99%. Local government entities within Youngsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Youngsville 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 Youngsville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27596 zip code has both the highest and lowest median property tax rate of 0.93%. Understanding how these areas compare with Youngsville provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Youngsville Tax Rate
0.93%
Average Franklin County Tax Rate
0.94%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Youngsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27596 | 0.90% | 0.91% | 0.93% | 0.95% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Youngsville, North Carolina
In Youngsville, 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 Franklin 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 Youngsville, 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. For instance, the 25th percentile tax bill is around $1,429, while the 75th percentile tax bill is approximately $2,535, and the 90th percentile tax bill reaches $3,150. 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 Youngsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Youngsville, North Carolina
Source: Ownwell
$7,500
$126,575
$245,650
Average Youngsville Assessed Value
$218,740
Average Franklin County Assessed Value
$157,340
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Youngsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27596 | $104,432 | $152,920 | $218,740 | $278,590 | $347,962 |
Source: Ownwell
Property Tax Bills Across Youngsville, North Carolina
In Youngsville, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the Franklin County tax assessor. The median home price in the area is $218,740. Property taxes are then applied to this assessed value using the local tax rate. For Youngsville, the median property tax bill stands at $2,009, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the local tax rate. Homeowners in the 25th percentile can expect to pay around $1,429, while those in the 75th percentile may see bills as high as $2,535. For those in the 90th percentile, property taxes can reach up to $3,150. These property taxes are crucial for funding local services such as schools, emergency services, and infrastructure, directly impacting the community's quality of life.
Average Youngsville Tax Bill
$2,009
Average Franklin County Tax Bill
$1,492
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Youngsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27596 | $976 | $1,429 | $2,009 | $2,535 | $3,150 |
Source: Ownwell