Smithfield, Johnston County, North Carolina Property Taxes

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

Median Smithfield, NC effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Smithfield, NC home value: $149,890
Median annual Smithfield, NC tax bill: $1,414, $986 lower than the national median property tax bill of $2,400.

How are property taxes in Johnston County calculated?

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

Last Updated March 1, 2025

Smithfield, Johnston County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.81%

Estimate Property Tax Bill

$1,214

$1,127

Ownwell’s Smithfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Smithfield with just two data points. By entering your property's estimated assessed value, our calculator applies Smithfield’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Johnston 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 Johnston County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Smithfield, Johnston County, North Carolina

Local government entities determine tax rates, which can vary significantly within a state. Annually, each county calculates its necessary 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 the essence of the annual process.

In Smithfield, located in Johnston County, the effective property tax rate is 0.81%. This rate aligns with the highest and lowest median tax rates within the county, both recorded at 0.81% in the 27577 zip code. When compared to the North Carolina median property tax rate, Smithfield’s rate is competitive, offering residents a favorable tax environment. Nationally, the median property tax rate stands at 1.02%, making Smithfield's rate notably lower. This can translate into significant savings for property owners in Smithfield, as the national median property tax bill is $2400. By residing in Smithfield, homeowners can benefit from a lower tax burden, which is an attractive proposition for current and prospective property owners.

Property Tax Rates Across Smithfield, Johnston County, North Carolina

Source: Ownwell

0.75%

1.03%

1.31%

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 Smithfield Tax Rate

0.81%

Median Effective Johnston County Tax Rate

0.81%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Smithfield, Johnston County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27577	0.77%	0.77%	0.81%	1.26%	1.26%

Source: Ownwell

Property Tax Assessment Values Across Smithfield, Johnston County, North Carolina

When examining property taxes in Smithfield, 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 Johnston 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 Johnston County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Smithfield. For example, the median home price in Smithfield is $149,890, with tax bills ranging significantly across the county. Zip code 27577 has the highest median home price at $149,890.

Property Tax Assessment Values Across Smithfield, Johnston County, North Carolina

Source: Ownwell

$91,150

$173,400

$255,650

Median Smithfield Market Value

$149,890

Median Johnston County Market Value

$190,250

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Smithfield, Johnston County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27577	$67,416	$102,345	$149,890	$211,960	$284,260

Source: Ownwell

Property Tax Bills Across Smithfield, Johnston County, North Carolina

In Smithfield, located in Johnston County, NC, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is based on the market value of homes, with the median home price in Smithfield at approximately $149,890. This figure is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Smithfield face a range of property tax bills, with the 25th percentile at $972 and the 75th percentile at $2,001. The 90th percentile sees bills as high as $2,581. Comparatively, the national median property tax bill is $2,400, placing Smithfield's tax bills below the national average. This impacts homeowners by influencing their overall housing costs. Ownwell assists homeowners by offering property tax appeal and exemption services, potentially reducing their tax burden. By reviewing assessments and identifying discrepancies, Ownwell helps ensure that homeowners are not overpaying on their property taxes, providing significant savings and peace of mind.

Property Tax Bills Across Smithfield, Johnston County, North Carolina

Source: Ownwell

$793

$1,531

$2,269

Median Smithfield Tax Bill

$1,414

Median Johnston County Tax Bill

$1,676

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Smithfield, Johnston County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27577	$607	$972	$1,414	$2,001	$2,581

Source: Ownwell