Wilson, North Carolina Property Taxes
The median property tax rate in Wilson, NC, is 0.90%, slightly below the national median of 0.99% but above the North Carolina state median of 0.82%. With a median home value of $90,230 in Wilson, the typical annual property tax bill amounts to $791, which is lower than the national median of $2,690. Property taxes in Wilson are calculated based on the assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Wilson'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 Wilson 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
Wilson, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$812
Ownwell’s Wilson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilson 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 Wilson, North Carolina
Property taxes in Wilson, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilson is 0.90%, slightly below the U.S. national median of 0.99%. Local government entities within Wilson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilson 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 Wilson's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27896 has both the highest and lowest median property tax rate of 0.90%. Understanding how these areas compare with Wilson provides valuable insights into the varying tax landscape across Nash County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wilson Tax Rate
0.90%
Average Nash County Tax Rate
0.72%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27896 | 0.46% | 0.82% | 0.90% | 0.95% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Wilson, North Carolina
In Wilson, 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 Nash 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 Wilson, 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 Wilson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 27896, both at $791, which is significantly lower than the national median property tax rate of 0.99%.
Average Wilson Assessed Value
$90,230
Average Nash County Assessed Value
$102,010
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wilson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27896 | $47,810 | $68,160 | $90,230 | $123,790 | $231,386 |
Source: Ownwell
Property Tax Bills Across Wilson, North Carolina
Property tax bills in Wilson, located in Nash County, NC, are determined by a combination of the property's assessed value and the local tax rate. The assessed value is an estimate of the property's market value, which is periodically determined by the county's tax assessor. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Nash County's property tax rate is influenced by various factors, including budgetary needs for public services such as schools, infrastructure, and emergency services. For homeowners in Wilson, the median home price is $90,230. The property tax bills can vary significantly, with the 25th percentile at $593 and the 75th percentile at $989. At the 90th percentile, the tax bill can reach up to $1,538. This variation illustrates how different property values and specific circumstances can impact the tax burden on homeowners. The highest and lowest median tax bills both stand at $791, specifically in the 27896 zip code, reflecting a consistent tax rate across different properties in that area.
Average Wilson Tax Bill
$791
Average Nash County Tax Bill
$784
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilson, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27896 | $367 | $593 | $791 | $989 | $1,538 |
Source: Ownwell