Fuquay Varina, Wake County, North Carolina Property Taxes

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

Median FUQUAY VARINA, NC effective property tax rate: 1.12%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median FUQUAY VARINA, NC home value: $285,924
Median annual FUQUAY VARINA, NC tax bill: $2,953, $553 higher than the national median property tax bill of $2,400.

How are property taxes in Wake calculated?

Property taxes in FUQUAY VARINA, 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 FUQUAY VARINA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in FUQUAY VARINA, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fuquay Varina, Wake County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.12%

Estimate Property Tax Bill

$3,202

$2,972

Ownwell’s Fuquay Varina Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fuquay Varina with just two data points. By entering your property's estimated assessed value, our calculator applies Fuquay Varina’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 Wake County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fuquay Varina, Wake County, North Carolina

Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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 Fuquay Varina’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S. Fuquay Varina, located in Wake County, has a median property tax rate of 1.12%, which aligns with the highest and lowest rates in the area. This rate is slightly above the national median property tax rate of 1.02%. While the national median property tax bill is $2,400, the specifics of Fuquay Varina's tax bills would depend on individual property assessments. Understanding these rates can help property owners in Fuquay Varina make informed decisions about potential savings through property tax appeals or exemptions.

Property Tax Rates Across Fuquay Varina, Wake County, North Carolina

Source: Ownwell

0.67%

0.98%

1.29%

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 Fuquay Varina Tax Rate

1.12%

Median Effective Wake County Tax Rate

1.10%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fuquay Varina, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27526	0.78%	0.79%	1.12%	1.12%	1.12%

Source: Ownwell

Property Tax Assessment Values Across Fuquay Varina, Wake County, North Carolina

When examining property taxes in Fuquay Varina, 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 Wake 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 Wake County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Fuquay Varina.

For example, the median home price in Fuquay Varina is $285,924, with tax bills ranging significantly across the county. Zip code 27526 has the highest median home price at $285,924.

Property Tax Assessment Values Across Fuquay Varina, Wake County, North Carolina

Source: Ownwell

$174,058

$394,571

$615,084

Median Fuquay Varina Market Value

$285,924

Median Wake County Market Value

$302,078

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fuquay Varina, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27526	$179,357	$230,117	$285,924	$348,190	$416,809

Source: Ownwell

Property Tax Bills Across Fuquay Varina, Wake County, North Carolina

In Fuquay Varina, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the property tax rate set by Wake County to determine the annual tax bill. The median home price in Fuquay Varina is $285,924, with property tax bills ranging from the 25th percentile at $2,291 to the 90th percentile at $4,278. The median property tax bill in the area is $2,953, which is above the national median of $2,400. Homeowners in Fuquay Varina can feel the impact of these taxes, as they contribute significantly to the cost of owning a home. Ownwell offers services to help homeowners potentially reduce their property tax bills by appealing the assessed value of their homes. By ensuring that assessments are fair and accurate, Ownwell can help homeowners save money and alleviate some of the financial burdens associated with high property taxes.

Property Tax Bills Across Fuquay Varina, Wake County, North Carolina

Source: Ownwell

$1,314

$3,992

$6,670

Median Fuquay Varina Tax Bill

$2,953

Median Wake County Tax Bill

$3,098

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Fuquay Varina, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27526	$1,624	$2,291	$2,953	$3,601	$4,278

Source: Ownwell