Wake Forest, Granville County, North Carolina Property Taxes

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

Median Wake Forest, NC effective property tax rate: 0.92%, slightly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%. Median Wake Forest, NC home value: $279,244. Median annual Wake Forest, NC tax bill: $2,510, $110 higher than the national median property tax bill of $2,400.

How are property taxes in Granville calculated?

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

Last Updated March 1, 2025

Wake Forest, Granville County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.71%

Estimate Property Tax Bill

$3,383

$3,139

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

Property Tax Rates Across Wake Forest, Granville 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. Below, you can compare Wake Forest’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.

Property Tax Rates Across Wake Forest, Granville County, North Carolina

Source: Ownwell

0.70%

0.90%

1.10%

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 Wake Forest Tax Rate

0.71%

Median Effective Granville County Tax Rate

0.76%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wake Forest, Granville County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27587	0.69%	0.70%	0.71%	0.74%	0.81%

Source: Ownwell

Property Tax Assessment Values Across Wake Forest, Granville County, North Carolina

When examining property taxes in Wake Forest, 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 Granville 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 Granville 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 Wake Forest. For example, the median home price in Wake Forest is $279,244, with tax bills ranging significantly across the county. Zip code 27587 has the highest median home price at $279,244.

Property Tax Assessment Values Across Wake Forest, Granville County, North Carolina

Source: Ownwell

$95,029

$310,695

$526,360

Median Wake Forest Market Value

$476,473

Median Granville County Market Value

$239,053

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wake Forest, Granville County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27587	$108,068	$228,029	$476,473	$616,307	$746,902

Source: Ownwell

Property Tax Bills Across Wake Forest, Granville County, North Carolina

In Wake Forest, located in Granville County, 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 in this area is $279,244. Homeowners in Wake Forest typically face a property tax bill ranging from $1,306 at the 25th percentile to $3,422 at the 75th percentile, with the 90th percentile reaching $4,129. The median property tax bill in the area, $2,510, is slightly above the national median of $2,400. Factors such as property size, location, and improvements can influence the assessed value, ultimately affecting the tax bill. Homeowners looking to reduce their property tax burden can benefit from appealing their property's assessed value. This is where Ownwell's expertise comes in. By providing professional property tax appeal services, Ownwell helps homeowners potentially lower their assessed values and secure exemptions, ensuring they pay only their fair share.

Property Tax Bills Across Wake Forest, Granville County, North Carolina

Source: Ownwell

$950

$2,347

$3,743

Median Wake Forest Tax Bill

$3,346

Median Granville County Tax Bill

$1,974

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Wake Forest, Granville County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27587	$851	$1,642	$3,346	$4,287	$5,178

Source: Ownwell