Willard, North Carolina Property Taxes
The median property tax rate in Willard, 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 a median home value of $79,341 in Willard, the typical annual property tax bill amounts to $628, which is significantly below the national median of $2,690. Property taxes in Willard are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Willard'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 Willard 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
Willard, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$730
$677
Ownwell’s Willard Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers aiming to estimate their annual property taxes in Willard. With just two simple data points, the calculator uses your property's estimated assessed value to provide an accurate property tax bill estimate based on the median tax rate in Willard. This tool offers a clear understanding of your potential tax liabilities, making it easier to plan financially. For those looking to dive deeper into neighborhood-specific trends, additional localized information is available below. Remember, your property's assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Willard, North Carolina
Property taxes in Willard, 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 Willard is 0.92%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Willard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willard 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 Willard's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 28478 zip code has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Willard 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 Willard 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 Willard, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28478 | 0.56% | 0.92% | 0.92% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Willard, North Carolina
In Willard, 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. In Willard, 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 Willard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The 28478 zip code has both the highest and lowest median tax bill at $628, with the median home price in Willard being $79,341.
Average Willard Assessed Value
$79,341
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 Willard, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28478 | $29,206 | $44,663 | $79,341 | $126,710 | $202,966 |
Source: Ownwell
Property Tax Bills Across Willard, North Carolina
Property tax bills in Willard, NC, are calculated based on the assessed value of a property and the local tax rate set by Sampson County. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. For instance, with a median home price of $79,341, homeowners can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $370, while at the 75th percentile, they rise to approximately $1,056. Those in the 90th percentile might see tax bills as high as $1,548. These variations depend on factors such as property location, size, and improvements. Compared to the national median property tax rate of 0.99%, Willard's property tax bills can be considered relatively moderate. The highest and lowest median tax bills both stand at $628, indicating some consistency within the zip code 28478. Understanding these factors helps homeowners budget accordingly and anticipate their annual property tax expenses.
Average Willard Tax Bill
$628
Average Sampson County Tax Bill
$790
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Willard, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28478 | $221 | $370 | $628 | $1,056 | $1,548 |
Source: Ownwell