Fremont, Wilson County, North Carolina Property Taxes
The median property tax rate in Fremont, NC is 0.92%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Fremont at $87,351, the typical annual property tax bill is $783, which is significantly lower than the national median of $2,690. Property taxes in Fremont are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Fremont's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fremont or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fremont, Wilson County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$804
$746
Ownwell’s Fremont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fremont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fremont 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 Fremont, Wilson County, North Carolina
Property taxes in Fremont, 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 Fremont is 0.92%, which is lower than the U.S. national median of 0.99%. Local government entities within Fremont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fremont 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 Fremont's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27830 has both the highest and lowest median property tax rate of 0.92%. Understanding how these areas compare with Fremont provides valuable insights into the varying tax landscape across Wilson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fremont Tax Rate
0.92%
Average Wilson County Tax Rate
1.30%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fremont, Wilson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27830 | 0.49% | 0.87% | 0.92% | 0.95% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Fremont, Wilson County, North Carolina
In Fremont, 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 Wilson 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 Fremont, 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 Fremont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Fremont is $87,351, with the 25th percentile tax bill at $575 and the 75th percentile at $1,027. The highest median tax bill in the area is $783 in the 27830 zip code.
Property Tax Assessment Values Across Fremont, Wilson County, North Carolina
Source: Ownwell
$66,768
$107,800
$148,831
Average Fremont Assessed Value
$87,351
Average Wilson County Assessed Value
$97,889
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fremont, Wilson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27830 | $39,597 | $62,477 | $87,351 | $145,582 | $216,792 |
Source: Ownwell
Property Tax Bills Across Fremont, Wilson County, North Carolina
In Fremont, located in Wilson County, NC, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Fremont can expect their tax bills to vary significantly depending on their property's value. For example, the 25th percentile tax bill is around $575, while the 75th percentile tax bill reaches approximately $1027. Several factors influence these tax bills, including property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Fremont's tax rates can lead to varying financial impacts on homeowners. A property with a median home price of $87,351 will have a corresponding tax bill, highlighting the importance of understanding local tax rates and assessed values. Homeowners must stay informed about these factors, as they directly affect their annual financial obligations and overall property affordability.
Average Fremont Tax Bill
$783
Average Wilson County Tax Bill
$1,033
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Fremont, Wilson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27830 | $297 | $575 | $783 | $1,027 | $1,736 |
Source: Ownwell