Dunn, North Carolina Property Taxes
The median property tax rate in Dunn, NC is 0.92%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Dunn at $109,567, the typical annual property tax bill is $932, which is below the national median of $2,690. Property taxes in Dunn are calculated based on the tax assessed value, which often falls below market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dunn'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 Dunn 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
Dunn, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$1,008
$935
Ownwell’s Dunn Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dunn with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dunn 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 Dunn, North Carolina
Property taxes in Dunn, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dunn is 0.92%, which is slightly below the U.S. national median of 0.99%. Local government entities within Dunn set these rates annually, and they can vary across different neighborhoods. Each year, Dunn 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 Dunn's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28334 has a median property tax rate of 0.92%, the same as Dunn's. Understanding how these areas compare with Dunn provides valuable insights into the varying tax landscape across Sampson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dunn Tax Rate
0.92%
Average Sampson County Tax Rate
0.92%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dunn, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28334 | 0.75% | 0.92% | 0.92% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Dunn, North Carolina
In Dunn, 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 Sampson 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. Assessment notices in Dunn 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 Dunn is $109,567, with annual tax bills ranging from $519 at the 25th percentile to $2,207 at the 90th percentile. Notably, the zip code 28334 has the highest and lowest median tax bill at $932. 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 Dunn Assessed Value
$109,567
Average Sampson County Assessed Value
$85,659
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dunn, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28334 | $36,943 | $60,062 | $109,567 | $188,918 | $245,982 |
Source: Ownwell
Property Tax Bills Across Dunn, North Carolina
In Dunn, located in Sampson County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor's office and reflects the market value of the property. Homeowners in Dunn see a range of property tax bills, with the 25th percentile at $519 and the 75th percentile reaching $1,676. The 90th percentile tax bill can go up to $2,207, showing significant variation based on property values. Factors such as the property's size, location, and any improvements or renovations can influence its assessed value. Compared to the national median property tax rate of 0.99%, Dunn's property tax bills reflect the local economic conditions and property values. For homeowners, this means that their annual tax bill can vary widely, impacting their overall cost of homeownership. Dunn's highest and lowest median tax bills are both recorded at $932 in the 28334 zip code, indicating a relatively stable median tax environment within that area.
Average Dunn Tax Bill
$932
Average Sampson County Tax Bill
$790
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunn, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28334 | $309 | $519 | $932 | $1,676 | $2,207 |
Source: Ownwell