Mebane, North Carolina Property Taxes
The median property tax rate in Mebane, NC is 1.06%, which is considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Mebane at $203,700, the typical annual property tax bill reaches $2,267, slightly below the national median of $2,690. Property taxes in Mebane 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 Mebane'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 Mebane 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
Mebane, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$2,159
Ownwell’s Mebane Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mebane with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mebane 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 Mebane, North Carolina
Property taxes in Mebane, 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 Mebane is 1.06%, which is higher than the U.S. national median of 0.99%. Local government entities within Mebane set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mebane 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 Mebane's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27302 zip code has the highest median property tax rate of 1.06%, while the 27302 zip code also has the lowest median tax rate of 1.06%. Understanding how these areas compare with Mebane provides valuable insights into the varying tax landscape across Orange County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mebane Tax Rate
1.06%
Average Orange County Tax Rate
1.31%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mebane, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27302 | 0.94% | 1.00% | 1.06% | 1.25% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Mebane, North Carolina
In Mebane, 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 Orange 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 Mebane, 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. The median home price in Mebane is $203,700, with tax bills ranging from $1,465 at the 25th percentile to $3,681 at the 90th percentile. The zip code with the highest median tax bill is 27302, with an average of $2,267. 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 Mebane helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mebane Assessed Value
$203,700
Average Orange County Assessed Value
$295,700
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mebane, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27302 | $80,200 | $146,300 | $203,700 | $261,000 | $329,700 |
Source: Ownwell
Property Tax Bills Across Mebane, North Carolina
In Mebane, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the property tax rate set by Orange County. For instance, with the median home price in Mebane being $203,700, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Factors such as location, property size, and improvements can influence the assessed value, leading to variations in tax bills. For example, the 25th percentile tax bill is around $1,465, while the 75th percentile tax bill reaches approximately $2,944. At the higher end, the 90th percentile tax bill can be as much as $3,681. These property taxes play a crucial role in funding local services, including schools, public safety, and infrastructure. Homeowners in Mebane need to be aware of these assessments as they directly impact their annual financial obligations and the overall affordability of homeownership in the region.
Average Mebane Tax Bill
$2,267
Average Orange County Tax Bill
$3,822
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Mebane, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27302 | $821 | $1,465 | $2,267 | $2,944 | $3,681 |
Source: Ownwell