Wentzville, North Carolina Property Taxes
The median property tax rate in Wentzville, NC is 0.66%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Wentzville at $175,400, the typical annual property tax bill reaches $1,149, significantly below the national median of $2,690. Property taxes in Wentzville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wentzville'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 Wentzville 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
Wentzville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,158
$1,074
Ownwell’s Wentzville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wentzville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wentzville 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 Wentzville, North Carolina
Property taxes in Wentzville, 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 Wentzville is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Wentzville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wentzville 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 Wentzville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 63385 has both the highest and lowest median property tax rate of 0.66%. Understanding how these areas compare with Wentzville provides valuable insights into the varying tax landscape across Onslow County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wentzville Tax Rate
0.66%
Average Onslow County Tax Rate
0.66%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wentzville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63385 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Wentzville, North Carolina
In Wentzville, 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 Onslow 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 Wentzville, 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 Wentzville 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 bills is 63385, with a median tax bill of $1,149.
Property Tax Assessment Values Across Wentzville, North Carolina
Source: Ownwell
$90,896
$331,440
$571,984
Average Wentzville Assessed Value
$175,400
Average Onslow County Assessed Value
$189,006
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wentzville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63385 | $175,400 | $175,400 | $175,400 | $175,400 | $175,400 |
Source: Ownwell
Property Tax Bills Across Wentzville, North Carolina
In Wentzville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is a percentage of the property's market value. For homeowners in Wentzville, the median home price is $175,400. The property tax rate in Onslow County is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location, size, and any improvements or additions made to it. For instance, a homeowner with a property at the 25th, 75th, and 90th percentiles all face a tax bill of $1,149, which is notably higher than the national median property tax rate of 0.99%. This consistent tax bill across various percentiles underscores the uniformity in property tax assessments within the area. For homeowners, these taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Wentzville Tax Bill
$1,149
Average Onslow County Tax Bill
$1,414
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Wentzville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 63385 | $1,149 | $1,149 | $1,149 | $1,149 | $1,149 |
Source: Ownwell