Cary, Chatham County, North Carolina Property Taxes

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

Median Cary, NC effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%. Median Cary, NC home value: $452,535. Median annual Cary, NC tax bill: $4,499, $2,099 higher than the national median property tax bill of $2,400.

How are property taxes in Chatham calculated?

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

Last Updated March 1, 2025

Cary, Chatham County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.03%

Estimate Property Tax Bill

$4,661

$4,325

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

Property Tax Rates Across Cary, Chatham County, North Carolina

Local government entities determine tax rates, leading to significant variations within a state. Each county calculates its budget for essential services, dividing it by the total assessed value of all taxable properties in its area. This calculation establishes the property tax rate. Although votes and legislation play roles in setting these rates and budgets, this is essentially the annual procedure.

In Cary, located in Chatham County, NC, the effective property tax rate is 1.03%. This rate aligns with the highest and lowest median tax rates in the area, both recorded at 1.03% in the 27519 zip code. When compared to the national median property tax rate of 1.02%, Cary's rate is slightly higher. However, the median property tax bill in Cary offers a competitive perspective against the national median property tax bill of $2,400.

Understanding these figures provides valuable insight into how Cary's property tax rate compares to other cities in North Carolina and across the United States. This knowledge can be crucial for homeowners considering property tax appeals or exemptions.

Property Tax Rates Across Cary, Chatham County, North Carolina

Source: Ownwell

0.81%

0.92%

1.03%

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 Cary Tax Rate

1.03%

Median Effective Chatham County Tax Rate

0.85%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cary, Chatham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27519	1.03%	1.03%	1.03%	1.03%	1.03%

Source: Ownwell

Property Tax Assessment Values Across Cary, Chatham County, North Carolina

When examining property taxes in Cary, 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 Chatham 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 Chatham County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Cary.

For example, the median home price in Cary is $452,535, with tax bills ranging significantly across the county. Zip code 27519 has the highest median home price at $452,535.

Property Tax Assessment Values Across Cary, Chatham County, North Carolina

Source: Ownwell

$108,164

$413,964

$719,763

Median Cary Market Value

$452,535

Median Chatham County Market Value

$323,510

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cary, Chatham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27519	$316,922	$365,124	$452,535	$530,725	$656,120

Source: Ownwell

Property Tax Bills Across Cary, Chatham County, North Carolina

In Cary, located in Chatham County, NC, property tax bills are calculated based on the assessed value of a home. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property improvements, changes in market conditions, and neighborhood developments can influence the assessed value, ultimately affecting the homeowner's tax obligation. With a median home price of $452,535, property tax bills in Cary can vary significantly. For instance, the tax bill at the 25th percentile is $3,578, while it rises to $6,610 at the 90th percentile. Notably, the median tax bill in the 27519 zip code stands at $4,499, which is above the national median property tax bill of $2,400. Ownwell offers a solution by helping homeowners in Cary potentially reduce their property tax bills. Through expert analysis and appeal services, Ownwell works to ensure that homeowners are not overpaying on their property taxes, providing peace of mind and potential savings.

Property Tax Bills Across Cary, Chatham County, North Carolina

Source: Ownwell

$973

$3,310

$5,647

Median Cary Tax Bill

$4,499

Median Chatham County Tax Bill

$2,675

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Cary, Chatham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27519	$2,997	$3,578	$4,499	$5,382	$6,610

Source: Ownwell