Morrisville, Durham County, North Carolina Property Taxes

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

Median Morrisville, NC effective property tax rate: 1.39%, significantly higher than the national median of 1.02%, and higher than the North Carolina state median of 0.81%.
Median Morrisville, NC home value: $255,339
Median annual Morrisville, NC tax bill: $3,540, $1,140 higher than the national median property tax bill of $2,400.

How are property taxes in Durham calculated?

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

Last Updated March 1, 2025

Morrisville, Durham County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.39%

Estimate Property Tax Bill

$3,549

$3,294

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

Property Tax Rates Across Morrisville, Durham County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Morrisville in Durham County, North Carolina, has a property tax rate that stands out in the state. The effective property tax rate in Morrisville is significantly higher than the national median of 1.02%. This difference highlights the variability in property tax rates across different regions. The rate in Morrisville is also higher than the median state rate, emphasizing its relative position within North Carolina. Comparing Morrisville's rate to other cities in the state and the national median provides valuable insight into the local tax landscape. Understanding these differences can be crucial for property owners when evaluating their tax liabilities and considering potential appeals or exemptions.

Property Tax Rates Across Morrisville, Durham County, North Carolina

Source: Ownwell

1.00%

1.20%

1.39%

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 Morrisville Tax Rate

1.39%

Median Effective Durham County Tax Rate

1.39%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Morrisville, Durham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27560	1.39%	1.39%	1.39%	1.39%	1.39%

Source: Ownwell

Property Tax Assessment Values Across Morrisville, Durham County, North Carolina

When examining property taxes in Morrisville, 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 Durham 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 Durham 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 Morrisville. For example, the median home price in Morrisville is $255,339, with tax bills ranging significantly across the county. Zip code 27560 has the highest median home price at $255,339.

Property Tax Assessment Values Across Morrisville, Durham County, North Carolina

Source: Ownwell

$166,681

$254,270

$341,859

Median Morrisville Market Value

$255,339

Median Durham County Market Value

$223,296

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Morrisville, Durham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27560	$80,000	$199,110	$255,339	$297,704	$321,717

Source: Ownwell

Property Tax Bills Across Morrisville, Durham County, North Carolina

Property tax bills in Morrisville, located in Durham County, NC, are calculated based on the assessed value of a property and the local tax rate. The median home price in the area is $255,339, and the property tax rate is applied to this assessed value to determine the tax bill. Homeowners in Morrisville can expect a median property tax bill of $3,540, which is notably higher than the national median of $2,400. Factors such as property location, improvements, and market trends can influence the assessed value, impacting the final tax bill. The 25th percentile tax bill is $2,732, while the 75th percentile reaches $4,119, and the 90th percentile is $4,461, indicating a range of potential tax obligations for homeowners. Ownwell assists homeowners by analyzing their property assessments, identifying potential errors, and filing appeals to ensure fair taxation. By leveraging expertise in property tax laws and local market conditions, Ownwell helps clients potentially save significantly on their property taxes.

Property Tax Bills Across Morrisville, Durham County, North Carolina

Source: Ownwell

$1,935

$3,265

$4,594

Median Morrisville Tax Bill

$3,540

Median Durham County Tax Bill

$2,915

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Morrisville, Durham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27560	$1,116	$2,732	$3,540	$4,119	$4,461

Source: Ownwell