Broadway, Harnett County, North Carolina Property Taxes

Name: Property Tax Bills Across Broadway, Harnett County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Broadway, NC effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Broadway, NC home value: $190,615
Median annual Broadway, NC tax bill: $1,377, $1,023 lower than the national median property tax bill of $2,400.

How are property taxes in Harnett calculated?

Property taxes in Broadway, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Broadway’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Broadway, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Broadway, Harnett County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.75%

Estimate Property Tax Bill

$1,430

$1,327

Ownwell’s Broadway Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Broadway with just two data points.

By entering your property's estimated assessed value, our calculator applies Broadway’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Harnett County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Broadway, Harnett County, North Carolina

Local government entities set tax rates, and these can vary significantly within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

Broadway in Harnett County, North Carolina, has a unique property tax landscape. The effective property tax rate here is 0.75%, which aligns with both the highest and lowest median tax rates in the region. This rate is notably below the national median property tax rate of 1.02%. Consequently, homeowners in Broadway benefit from lower property tax bills compared to the national median bill of $2,400.

This favorable tax rate makes Broadway an attractive option for homeowners looking to optimize their property tax expenses. Understanding how local tax rates compare to state and national figures can provide valuable insights for property owners and potential buyers.

Property Tax Rates Across Broadway, Harnett County, North Carolina

Source: Ownwell

0.70%

0.97%

1.24%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Broadway Tax Rate

0.75%

Median Effective Harnett County Tax Rate

0.75%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Broadway, Harnett County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27505	0.61%	0.73%	0.75%	0.76%	0.79%

Source: Ownwell

Property Tax Assessment Values Across Broadway, Harnett County, North Carolina

When examining property taxes in Broadway, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Harnett County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Harnett County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Broadway. For example, the median home price in Broadway is $190,615, with tax bills ranging significantly across the county. 27505 has the highest median home price at $190,615.

Property Tax Assessment Values Across Broadway, Harnett County, North Carolina

Source: Ownwell

$124,172

$203,073

$281,974

Median Broadway Market Value

$190,615

Median Harnett County Market Value

$199,846

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Broadway, Harnett County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27505	$87,922	$125,954	$190,615	$240,434	$313,411

Source: Ownwell

Property Tax Bills Across Broadway, Harnett County, North Carolina

In Broadway, located in Harnett County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Broadway is $190,615. Homeowners in Broadway typically face a tax bill ranging from $884 at the 25th percentile to $2,122 at the 90th percentile. The median property tax bill in the area is $1,377, which is below the national median of $2,400. This lower tax bill can be advantageous for homeowners, but it's important to ensure that the assessed value of the property is accurate to avoid overpaying. Ownwell can assist homeowners by reviewing their property assessments and identifying potential errors or opportunities for exemptions. By appealing inaccurate assessments, Ownwell helps homeowners potentially reduce their tax bills, ensuring they only pay their fair share. This service can lead to significant savings, especially for those in higher tax brackets.

Property Tax Bills Across Broadway, Harnett County, North Carolina

Source: Ownwell

$1,126

$1,529

$1,931

Median Broadway Tax Bill

$1,377

Median Harnett County Tax Bill

$1,570

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Broadway, Harnett County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27505	$644	$884	$1,377	$1,720	$2,122

Source: Ownwell