Willow Spring, Harnett County, North Carolina Property Taxes
The median property tax rate in Willow Spring, NC is 0.72%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Willow Spring at $156,246, the typical annual property tax bill is $1,126, significantly below the national median of $2,690. Property taxes in Willow Spring are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Willow Spring'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 Willow Spring 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
Willow Spring, Harnett County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,125
$1,044
Ownwell’s Willow Spring Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willow Spring with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willow Spring 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 Willow Spring, Harnett County, North Carolina
Property taxes in Willow Spring, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Willow Spring is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Willow Spring set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willow Spring 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 Willow Spring's effective property tax rate to other areas in Harnett County and the national median. For comparison, the zip code 27592 has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these areas compare with Willow Spring provides valuable insights into the varying tax landscape across Harnett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Willow Spring, Harnett County, North Carolina
Source: Ownwell
0.70%
0.97%
1.24%
Average Willow Spring Tax Rate
0.72%
Average Harnett County Tax Rate
0.75%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willow Spring, Harnett County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27592 | 0.71% | 0.72% | 0.72% | 0.73% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Willow Spring, Harnett County, North Carolina
In Willow Spring, NC, 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 Harnett 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 Willow Spring, 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. The median home price in Willow Spring is $156,246. The highest median tax bill is $1,126 in zip code 27592, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Willow Spring, Harnett County, North Carolina
Source: Ownwell
$124,172
$203,073
$281,974
Average Willow Spring Assessed Value
$156,246
Average Harnett County Assessed Value
$199,846
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Willow Spring, Harnett County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27592 | $73,193 | $138,041 | $156,246 | $164,732 | $194,955 |
Source: Ownwell
Property Tax Bills Across Willow Spring, Harnett County, North Carolina
In Willow Spring, Harnett County, NC, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. This value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $156,246, homeowners can expect a tax bill around $1,126, which is consistent across the area. Several factors influence property tax bills, including property size, location, and any improvements made to the property. The tax bill can vary significantly, with the 25th percentile at $1,004 and the 90th percentile reaching up to $1,383. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the community's overall quality of life. Compared to the national median property tax rate of 0.99%, Willow Spring’s property tax rate offers a balanced approach to supporting local services while maintaining affordability for homeowners.
Property Tax Bills Across Willow Spring, Harnett County, North Carolina
Source: Ownwell
$1,126
$1,529
$1,931
Average Willow Spring Tax Bill
$1,126
Average Harnett County Tax Bill
$1,570
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Willow Spring, Harnett County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27592 | $572 | $1,004 | $1,126 | $1,182 | $1,383 |
Source: Ownwell