Wendell, North Carolina Property Taxes
The median property tax rate in Wendell, NC is 1.27%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Wendell at $216,719, the typical annual property tax bill reaches $2,209, which is below the national median of $2,690. Property taxes in Wendell are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wendell'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 Wendell 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
Wendell, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$2,752
Ownwell’s Wendell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wendell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wendell 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 Wendell, North Carolina
Property taxes in Wendell, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wendell is 1.27%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Wendell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wendell 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 Wendell's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27591 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with Wendell provides valuable insights into the varying tax landscape across Wake County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wendell Tax Rate
1.27%
Average Wake County Tax Rate
1.10%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wendell, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27591 | 0.78% | 0.79% | 1.27% | 1.29% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Wendell, North Carolina
In Wendell, 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 Wake 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 Wendell, 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 Wendell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 27591, both at $2209.
Property Tax Assessment Values Across Wendell, North Carolina
Source: Ownwell
$174,058
$394,571
$615,084
Average Wendell Assessed Value
$216,719
Average Wake County Assessed Value
$302,078
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wendell, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27591 | $114,323 | $147,613 | $216,719 | $298,210 | $361,439 |
Source: Ownwell
Property Tax Bills Across Wendell, North Carolina
In Wendell, property tax bills are calculated based on the assessed value of a home, which is determined by the Wake County tax assessor. The assessed value typically aims to reflect the market value of the property. Homeowners in Wendell face a median property tax bill of $2,209, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's location, its assessed value, and the applicable tax rate set by local authorities. For instance, homes in the 25th percentile have tax bills around $1,379, while those in the 75th percentile see bills closer to $3,266. At the 90th percentile, tax bills can reach up to $4,129. Higher property tax bills can impact homeowners by increasing the overall cost of homeownership, potentially influencing decisions on buying or selling property. Understanding these factors can help homeowners better anticipate their annual financial obligations.
Average Wendell Tax Bill
$2,209
Average Wake County Tax Bill
$3,098
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Wendell, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27591 | $897 | $1,379 | $2,209 | $3,266 | $4,129 |
Source: Ownwell