Dudley, North Carolina Property Taxes
The median property tax rate in Dudley, NC is 0.86%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Dudley, the typical annual property tax bill reaches $423, which is significantly lower than the national median of $2,690. Property taxes in Dudley are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dudley'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 Dudley or another part of Wayne County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dudley, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$405
Ownwell’s Dudley Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dudley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dudley to provide an estimate of your property tax bill. This intuitive tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Dudley, North Carolina
Property taxes in Dudley, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dudley is 0.86%, lower than the U.S. national median of 0.99%. Local government entities within Dudley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dudley 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 Dudley's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28333 has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these areas compare with Dudley provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dudley Tax Rate
0.86%
Average Wayne County Tax Rate
0.85%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dudley, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28333 | 0.80% | 0.82% | 0.86% | 0.90% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Dudley, North Carolina
In Dudley, 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 Wayne 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. 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. Dudley’s median home price is $47,050, with tax bills ranging from $150 at the 25th percentile to $1,102 at the 90th percentile. The highest and lowest median tax bills are both in the 28333 zip code, at $423. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Dudley Assessed Value
$47,050
Average Wayne County Assessed Value
$66,340
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dudley, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28333 | $7,200 | $14,800 | $47,050 | $80,930 | $125,490 |
Source: Ownwell
Property Tax Bills Across Dudley, North Carolina
In Dudley, NC, property tax bills are determined based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is a percentage of the market value, and this figure is crucial in calculating the final tax bill. For instance, with a median home price of $47,050, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied by Wayne County. Factors such as the property's location, size, and improvements can influence its assessed value. Homeowners in Dudley experience a range of tax bills, from the 25th percentile at $150 to the 75th percentile at $717, with the 90th percentile reaching up to $1,102. These figures reflect the diverse property values and tax rates within the area. Compared to the national median property tax rate of 0.99%, Dudley’s tax implications can significantly affect homeowners' annual expenses, emphasizing the importance of understanding how local assessments and rates impact their finances.
Average Dudley Tax Bill
$423
Average Wayne County Tax Bill
$703
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Dudley, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28333 | $76 | $150 | $423 | $717 | $1,102 |
Source: Ownwell