Julian, North Carolina Property Taxes
The median property tax rate in Julian, NC is 0.64%, 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 Julian at $148,870, the typical annual property tax bill reaches $985, which is significantly below the national median of $2,690. Property taxes in Julian are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Julian'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 Julian 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
Julian, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$953
Ownwell’s Julian Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Julian with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Julian 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 Julian, North Carolina
Property taxes in Julian, 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 Julian is 0.64%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Julian set these rates annually, and they can vary significantly across different neighborhoods. Each year, Julian 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 Julian's effective property tax rate to other regions in North Carolina and the national median. For comparison, the zip code 27283 has both the highest and lowest median property tax rate of 0.64%. Understanding how these areas compare with Julian provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Julian Tax Rate
0.64%
Average Randolph County Tax Rate
0.68%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Julian, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27283 | 0.63% | 0.64% | 0.64% | 0.64% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Julian, North Carolina
In Julian, 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 Randolph 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 Julian, 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. For instance, the median home price in Julian is $148,870, with tax bills ranging from $765 at the 25th percentile to $1,730 at the 90th percentile. The zip code 27283 has both the highest and lowest median tax bill at $985. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Julian Assessed Value
$148,870
Average Randolph County Assessed Value
$167,245
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Julian, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27283 | $79,874 | $113,010 | $148,870 | $203,800 | $284,232 |
Source: Ownwell
Property Tax Bills Across Julian, North Carolina
Property tax bills in Julian, located in Randolph County, NC, are calculated based on the assessed value of a property and the local tax rate. The median home price in Julian is $148,870. To determine the tax bill, the assessed value of the property is multiplied by the local tax rate, which is then adjusted by any applicable exemptions or deductions. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value. For homeowners in Julian, the property tax bill can vary significantly. The 25th percentile tax bill is $765, while the 75th percentile reaches $1,339, and the 90th percentile climbs to $1,730. These figures show how property taxes can impact homeowners differently depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Julian's property tax rates reflect the local economic conditions and funding needs. Understanding these elements helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Julian Tax Bill
$985
Average Randolph County Tax Bill
$1,305
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Julian, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27283 | $532 | $765 | $985 | $1,339 | $1,730 |
Source: Ownwell