Zebulon, North Carolina Property Taxes
The median property tax rate in Zebulon, NC is 0.80%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Zebulon at $220,231, the typical annual property tax bill amounts to $2,212, slightly below the national median of $2,690. Property taxes in Zebulon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Zebulon'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 Zebulon or another part of Wake County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Zebulon, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,762
-$18,464
Ownwell’s Zebulon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Zebulon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Zebulon 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 Zebulon, North Carolina
Property taxes in Zebulon, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zebulon is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Zebulon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zebulon 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 Zebulon's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 27597 zip code has both the highest and lowest median property tax rate of 0.80%. Understanding how these areas compare with Zebulon 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 Zebulon Tax Rate
0.80%
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 Zebulon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27597 | 0.78% | 0.79% | 0.80% | 1.24% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Zebulon, North Carolina
In Zebulon, 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 Zebulon, 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 Zebulon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Zebulon, both at $2,212, are found in the 27597 zip code.
Property Tax Assessment Values Across Zebulon, North Carolina
Source: Ownwell
$174,058
$394,571
$615,084
Average Zebulon Assessed Value
$220,231
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 Zebulon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27597 | $112,207 | $147,416 | $220,231 | $277,441 | $390,413 |
Source: Ownwell
Property Tax Bills Across Zebulon, North Carolina
In Zebulon, located in Wake County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Zebulon is $220,231. Property taxes are determined by multiplying the assessed value by the tax rate set by local authorities. Factors such as property improvements, neighborhood developments, and market trends can influence the assessed value. For homeowners, the tax bill can vary significantly. In Zebulon, the 25th percentile tax bill is $1,415, while the 75th percentile is $2,973, and the 90th percentile reaches up to $3,434. These variations can impact household budgets, making it essential for homeowners to understand their property's assessed value and any potential exemptions available. Compared to the national median property tax rate of 0.99%, Zebulon's tax rates and property values can result in higher or lower tax bills, affecting the financial planning of residents.
Average Zebulon Tax Bill
$2,212
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 Zebulon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27597 | $913 | $1,415 | $2,212 | $2,973 | $3,434 |
Source: Ownwell