Youngsville, North Carolina Property Taxes
The median property tax rate in Youngsville, NC is 0.92%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $313,151, the typical annual property tax bill in Youngsville amounts to $2,847, surpassing the national median of $2,690. Property taxes in Youngsville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Youngsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you reside in the heart of Youngsville or elsewhere in the city, comprehending 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
0.92%
Estimate Property Tax Bill
$2,881
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Youngsville is 0.92%, 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 areas within Granville County and the national median. For comparison, the zip code 27596 has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these areas compare with Youngsville provides valuable insights into the varying tax landscape across Granville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Youngsville Tax Rate
0.92%
Average Granville County Tax Rate
1.00%
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% | 0.90% | 0.92% | 0.93% | 0.95% |
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 Granville 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. 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. In Granville County, the highest and lowest median tax bills are both $2,847, specifically in the 27596 zip code.
Property Tax Assessment Values Across Youngsville, North Carolina
Source: Ownwell
$56,307
$184,729
$313,151
Average Youngsville Assessed Value
$313,151
Average Granville County Assessed Value
$137,588
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 | $204,741 | $242,541 | $313,151 | $406,931 | $493,987 |
Source: Ownwell
Property Tax Bills Across Youngsville, North Carolina
In Youngsville, NC, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the Granville County tax assessor and reflects the market value of the property. Factors such as property size, location, and condition are considered during assessment. For homeowners in Youngsville, the median home price is $313,151, and property tax bills can vary significantly. At the 25th percentile, tax bills are around $2,236, while at the 75th percentile, they rise to approximately $3,685. The top 10% of tax bills can reach up to $4,458. These property taxes contribute to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Youngsville's property tax bills reflect the area's property values and local tax policies, impacting homeowners' annual financial planning.
Average Youngsville Tax Bill
$2,847
Average Granville County Tax Bill
$1,476
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 | $1,865 | $2,236 | $2,847 | $3,685 | $4,458 |
Source: Ownwell