Faison, Duplin County, North Carolina Property Taxes
Median Faison, NC effective property tax rate: 0.93%, slightly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Faison, NC home value: $61,300
Median annual Faison, NC tax bill: $606, $1,794 lower than the national median property tax bill of $2,400.
How are property taxes in Duplin County calculated?
Property taxes in Faison, 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 Faison’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Faison, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Faison, Duplin County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$508
$471
Property Tax Rates Across Faison, Duplin County, North Carolina
Local government entities determine tax rates, which can vary significantly within a state. This variation is due to the fact that each county annually estimates its required budget to provide services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process.
In Faison, located in Duplin County, North Carolina, the effective property tax rate is a reflection of this process. When compared to other cities in North Carolina, Faison's tax rate aligns with the state’s median, offering residents a moderate tax burden. Nationally, the median property tax rate is 1.02%, which provides a benchmark for evaluating Faison’s rate. Understanding how Faison’s rates stack up against both state and national figures can help property owners make informed decisions about their investments. By staying informed about local property tax trends, residents can better anticipate their financial obligations and plan accordingly.
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 Faison Tax Rate
0.83%
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 Duplin County Tax Rate
0.92%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Faison, Duplin County, North Carolina
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
28341 | 0.73% | 0.74% | 0.83% | 1.00% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Faison, Duplin County, North Carolina
When examining property taxes in Faison, 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 Duplin 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.
Assessment notices: In Duplin 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 Faison.
For example, the median home price in Faison is $61,300, with tax bills ranging significantly across the county. Zip code 28341 has the highest median home price at $61,300.
Property Tax Assessment Values Across Faison, Duplin County, North Carolina
Source: Ownwell
$61,200
$70,600
$80,000
Median Faison Market Value
$61,200
Median Duplin County Market Value
$70,300
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Faison, Duplin County, North Carolina
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
28341 | $13,100 | $31,900 | $61,200 | $92,000 | $153,600 |
Source: Ownwell
Property Tax Bills Across Faison, Duplin County, North Carolina
In Faison, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price here is $61,300, significantly lower than the national median. The property tax rate is applied to this assessed value to determine the tax bill. For example, homeowners in Duplin County typically face a tax bill ranging from $368 at the 25th percentile to $1,665 at the 90th percentile, with a median of $606. This is considerably lower than the national median property tax bill of $2,400.
Factors influencing the tax bill include the property's assessed value and the local tax rate. Homeowners may find themselves paying more or less depending on these assessments. Ownwell offers a solution by providing expert property tax appeal and exemption services. By reviewing assessments and identifying potential savings, Ownwell helps homeowners in Faison reduce their property tax burdens, ensuring they only pay their fair share. This can lead to significant savings, especially for those at the higher end of the tax bill spectrum.
Median Faison Tax Bill
$552
Median Duplin County Tax Bill
$688
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Faison, Duplin County, North Carolina
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
28341 | $186 | $324 | $552 | $827 | $1,346 |
Source: Ownwell