Wallace, Sampson County, North Carolina Property Taxes

Name: Property Tax Bills Across Wallace, Sampson County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Wallace, NC effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%. Median Wallace, NC home value: $102,201. Median annual Wallace, NC tax bill: $1,041, $1,359 lower than the national median property tax bill of $2,400. How are property taxes in Sampson County calculated? Property taxes in Wallace, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Wallace’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wallace, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Wallace, Sampson County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$940

$873

Ownwell’s Wallace Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wallace with just two data points. By entering your property's estimated assessed value, our calculator applies Wallace’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Sampson County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wallace, Sampson County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Wallace’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.

In Wallace, Sampson County, property owners benefit from a property tax rate that is below the national median of 1.02%. This is advantageous when compared to other areas, as it results in lower annual tax bills. The median property tax rate in North Carolina is also lower than the national average, making it an attractive state for property owners. Understanding these differences is crucial for property owners looking to manage their expenses effectively. With property taxes being a significant annual cost, knowing where your city stands can help you make informed financial decisions.

Property Tax Rates Across Wallace, Sampson County, North Carolina

Source: Ownwell

0.89%

0.98%

1.07%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Wallace Tax Rate

0.92%

Median Effective Sampson County Tax Rate

0.92%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wallace, Sampson County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28466	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Wallace, Sampson County, North Carolina

When examining property taxes in Wallace, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Sampson County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Sampson County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Wallace. For example, the median home price in Wallace is $102,201, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Wallace, Sampson County, North Carolina

Source: Ownwell

$57,254

$195,731

$334,207

Median Wallace Market Value

$102,201

Median Sampson County Market Value

$85,659

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wallace, Sampson County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28466	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Wallace, Sampson County, North Carolina

In Wallace, located in Sampson County, 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 typically reflects a percentage of the market value. Homeowners in Wallace face a median property tax bill of $1,106, which is significantly lower than the national median of $2,400. Factors such as the property's location, size, and condition influence the assessed value, ultimately impacting the tax bill. For homeowners, these property taxes can represent a substantial annual expense. However, there is potential for savings. Ownwell offers expertise in property tax appeals and exemptions, assisting homeowners in Wallace to potentially reduce their tax bills. By analyzing assessment records and market data, Ownwell identifies opportunities for appeal, helping clients secure lower tax obligations. This not only alleviates financial pressure but also ensures that homeowners are not overpaying on their property taxes.

Property Tax Bills Across Wallace, Sampson County, North Carolina

Source: Ownwell

$509

$1,743

$2,976

Median Wallace Tax Bill

$1,041

Median Sampson County Tax Bill

$790

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Wallace, Sampson County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28466	N/A	N/A	N/A	N/A	N/A

Source: Ownwell