Burlington, North Carolina Property Taxes
The median property tax rate in Burlington, NC is 1.26%, significantly higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $230,350 in Burlington, the typical annual property tax bill reaches $2,807, surpassing the national median of $2,690. Property taxes in Burlington are determined based on the tax assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Burlington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Burlington or another part of Guilford County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burlington, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$2,902
$2,693
Ownwell’s Burlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burlington 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 Burlington, North Carolina
Property taxes in Burlington, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burlington is 1.26%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Burlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burlington 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 Burlington's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27215 zip code has the highest median property tax rate of 1.26%, while the 27301 zip code has the lowest median tax rate of 0.88%. Understanding how these cities compare with Burlington provides valuable insights into the varying tax landscape across Guilford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burlington Tax Rate
1.26%
Average Guilford County Tax Rate
1.35%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burlington, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27215 | 0.81% | 0.82% | 1.26% | 1.33% | 1.33% |
| 27217 | 0.87% | 0.88% | 0.89% | 0.89% | 0.89% |
| 27301 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Burlington, North Carolina
In Burlington, 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 Guilford 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 Burlington, 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 example, the highest median tax bill in Burlington is $2,818 in the zip code 27215, while the lowest is $585 in the zip code 27301. 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 Burlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Burlington, North Carolina
Source: Ownwell
$15,000
$189,700
$364,400
Average Burlington Assessed Value
$230,350
Average Guilford County Assessed Value
$164,700
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burlington, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27215 | $70,000 | $163,300 | $232,800 | $278,100 | $345,700 |
| 27217 | $20,270 | $56,250 | $114,750 | $153,775 | $253,540 |
| 27301 | $66,600 | $66,600 | $66,600 | $66,600 | $66,600 |
Source: Ownwell
Property Tax Bills Across Burlington, North Carolina
In Burlington, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the Guilford County tax assessor. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For homeowners in Burlington, the median home price is $230,350. Property tax bills in the city vary significantly, ranging from the 25th percentile at $1,580 to the 90th percentile at $4,055. The highest median tax bill is found in the 27215 zip code at $2,818, while the lowest median tax bill is in the 27301 zip code at $585. Compared to the national median property tax rate of 0.99%, Burlington homeowners experience a range of tax burdens. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Homeowners should be aware of these factors as they can influence both their annual expenses and the overall value of their property.
Average Burlington Tax Bill
$2,807
Average Guilford County Tax Bill
$1,922
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Burlington, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27215 | $732 | $1,598 | $2,818 | $3,546 | $4,058 |
| 27217 | $177 | $491 | $1,017 | $1,353 | $2,232 |
| 27301 | $585 | $585 | $585 | $585 | $585 |
Source: Ownwell