Zebulon, North Carolina Property Taxes
The median property tax rate in Zebulon, NC is 0.94%, 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 Zebulon at $138,320, the typical annual property tax bill reaches $1,263, which is below the national median of $2,690. Property taxes in Zebulon 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 Zebulon'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 Zebulon 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
Zebulon, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.94%
Estimate Property Tax Bill
$1,300
-$13,626
Ownwell’s Zebulon Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Zebulon. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Zebulon to provide an accurate estimate of your property tax bill. This powerful tool offers clarity on potential tax liabilities, allowing you to plan your finances effectively. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring a precise calculation for your property tax obligations.
Property Tax Rates Across Zebulon, North Carolina
Property taxes in Zebulon, 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 Zebulon is 0.94%, slightly below the U.S. national median of 0.99%. Local government entities within Zebulon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zebulon 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 Zebulon's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27597 has both the highest and lowest median property tax rate at 0.94%. Understanding how these cities compare with Zebulon 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 Zebulon Tax Rate
0.94%
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 Zebulon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27597 | 0.86% | 0.91% | 0.94% | 0.98% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Zebulon, North Carolina
In Zebulon, 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 Zebulon, 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 Zebulon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Zebulon is $138,320, with tax bills ranging significantly. For example, the 25th percentile tax bill is $902, while the 75th percentile tax bill reaches $1,880, and the 90th percentile tax bill is $2,597. The highest and lowest median tax bills in the area are both $1,263, found in zip code 27597.
Average Zebulon Assessed Value
$138,320
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 Zebulon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27597 | $56,382 | $97,690 | $138,320 | $213,778 | $296,265 |
Source: Ownwell
Property Tax Bills Across Zebulon, North Carolina
In Zebulon, located within Franklin County, NC, property tax bills are calculated based on the assessed value of a home. The median home price in Zebulon is $138,320. Tax rates are applied to this assessed value to determine the annual tax bill. Local tax authorities consider various factors, including property location, home size, and any applicable exemptions. For example, homes in the 25th percentile of tax bills pay around $902 annually, while those in the 75th percentile pay approximately $1880. The highest tax bills, in the 90th percentile, reach up to $2597. The median property tax bill in Zebulon is $1263, which is higher than the national median property tax rate of 0.99%. This can significantly impact homeowners, affecting their monthly mortgage payments and overall housing affordability. Understanding these factors is crucial for homeowners to budget effectively and take advantage of any available exemptions to reduce their tax burden.
Average Zebulon Tax Bill
$1,263
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 Zebulon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27597 | $476 | $902 | $1,263 | $1,880 | $2,597 |
Source: Ownwell