Zebulon, North Carolina Property Taxes
The median property tax rate in Zebulon, NC is 0.80%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $205,900 in Zebulon, the typical annual property tax bill amounts to $1,616, significantly below the national median of $2,690. Property taxes in Zebulon are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Zebulon'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 Zebulon 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
Zebulon, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,647
$1,529
Ownwell’s Zebulon Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Zebulon. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Zebulon to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, our trends page offers localized information down to the neighborhood level. Your property's assessed value, determined by Johnston County, is used for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Zebulon, North Carolina
Property taxes in Zebulon, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zebulon is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Zebulon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zebulon 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 Zebulon's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27597 zip code has both the highest and lowest median property tax rate of 0.80%. Understanding how these cities compare with Zebulon 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 Zebulon Tax Rate
0.80%
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 Zebulon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27597 | 0.80% | 0.80% | 0.80% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Zebulon, North Carolina
In Zebulon, 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 Zebulon, 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 Zebulon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 27597 has the highest and lowest median tax bills, both at $1,616, compared to a national median property tax rate of 0.99%.
Average Zebulon Assessed Value
$205,900
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 Zebulon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27597 | $108,152 | $140,965 | $205,900 | $245,075 | $296,000 |
Source: Ownwell
Property Tax Bills Across Zebulon, North Carolina
In Zebulon, located in Johnston County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Zebulon is $205,900, which serves as a primary factor in determining the tax bill. Homeowners can expect their tax obligations to vary, with the 25th percentile tax bill at approximately $1,120 and the 75th percentile reaching up to $1,941. For those in the 90th percentile, tax bills can be as high as $2,344. The local tax rate applied to the assessed value of the property determines the final tax bill, which can significantly impact homeowners' financial planning. Comparatively, the national median property tax rate is 0.99%, and Zebulon's tax rates reflect the local economic conditions and funding requirements for public services. The uniformity in median tax bills across the zip code 27597, both at the highest and lowest points, indicates a consistent approach to property taxation within the area. This consistency helps homeowners anticipate their annual property tax expenses more accurately.
Average Zebulon Tax Bill
$1,616
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 Zebulon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27597 | $803 | $1,120 | $1,616 | $1,941 | $2,344 |
Source: Ownwell