Wendell, North Carolina Property Taxes
The median property tax rate in Wendell, NC is 0.81%, slightly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Wendell at $208,295, the typical annual property tax bill amounts to $1,801, which is below the national median of $2,690. Property taxes in Wendell 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 Wendell's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Wendell or another part of Johnston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wendell, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$1,687
$1,566
Ownwell’s Wendell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wendell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wendell 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 Wendell, North Carolina
Property taxes in Wendell, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wendell is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Wendell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wendell 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 Wendell's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27591 zip code has the highest median property tax rate of 0.81%, while also having the lowest median tax rate of 0.81%. Understanding how these cities compare with Wendell provides valuable insights into the varying tax landscape across Johnston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wendell Tax Rate
0.81%
Average Johnston County Tax Rate
0.81%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wendell, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27591 | 0.80% | 0.80% | 0.81% | 0.99% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Wendell, North Carolina
In Wendell, 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 Johnston 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 Wendell, 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 Wendell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Wendell are both $1801, found in the 27591 zip code.
Average Wendell Assessed Value
$208,295
Average Johnston County Assessed Value
$190,250
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wendell, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27591 | $107,036 | $152,452 | $208,295 | $271,075 | $316,496 |
Source: Ownwell
Property Tax Bills Across Wendell, North Carolina
In Wendell, located in Johnston County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $208,295 in Wendell, homeowners can expect varying tax bills. The tax bill at the 25th percentile is around $1,246, while at the 75th percentile, it rises to approximately $2,262. For those in the 90th percentile, the tax bill can reach up to $2,628. These figures highlight the impact of property taxes on homeowners, with higher-valued properties incurring larger tax bills. Compared to the national median property tax rate of 0.99%, Wendell's tax rates reflect the local economic conditions and funding requirements for public services, influencing the financial obligations of homeowners in the area.
Average Wendell Tax Bill
$1,801
Average Johnston County Tax Bill
$1,676
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Wendell, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27591 | $790 | $1,246 | $1,801 | $2,262 | $2,628 |
Source: Ownwell