Zebulon, North Carolina Property Taxes
The median property tax rate in Zebulon, NC is 0.91%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $88,310 in Zebulon, the typical annual property tax bill is around $794, which is significantly lower than the national median of $2,690. Property taxes in Zebulon are calculated based on the assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. 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 elsewhere in the area, being well-versed in the local property tax system can greatly 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
0.91%
Estimate Property Tax Bill
$804
-$8,422
Ownwell’s Zebulon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Zebulon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Zebulon 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 Zebulon, North Carolina
Property taxes in Zebulon, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zebulon is 0.91%, slightly below 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 the highest median property tax rate of 0.91%, while the same 27597 zip code also has the lowest median tax rate of 0.91%. Understanding how these areas compare with Zebulon 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 Zebulon Tax Rate
0.91%
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 Zebulon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27597 | 0.78% | 0.84% | 0.91% | 0.96% | 1.02% |
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 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 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. The median home price in Zebulon is $88,310, with tax bills ranging from $651 at the 25th percentile to $2,063 at the 90th percentile. The highest and lowest median tax bills, both at $794, are found in the 27597 zip code.
Average Zebulon Assessed Value
$88,310
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 Zebulon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27597 | $54,526 | $68,490 | $88,310 | $146,960 | $252,922 |
Source: Ownwell
Property Tax Bills Across Zebulon, North Carolina
In Zebulon, Nash County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Zebulon can expect property tax bills to vary significantly. For instance, the tax bill for the 25th percentile is $651, while the 75th percentile sees a tax bill of $1248. At the 90th percentile, the tax bill can reach as high as $2063. These figures indicate that the property tax burden can vary widely depending on the valuation of the property. With a median home price of $88,310, the property tax rate in Zebulon is relatively modest compared to the national median property tax rate of 0.99%. This lower tax rate can offer some relief to homeowners, making it more affordable to own property in this region. However, the variability in tax bills emphasizes the importance of accurate property assessments and the potential benefits of appealing an assessed value.
Average Zebulon Tax Bill
$794
Average Nash County Tax Bill
$784
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 | $504 | $651 | $794 | $1,248 | $2,063 |
Source: Ownwell