Micro, Johnston County, North Carolina Property Taxes

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

Median MICRO, NC effective property tax rate: 1.31%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median MICRO, NC home value: $91,150
Median annual MICRO, NC tax bill: $1,173, $1,227 lower than the national median property tax bill of $2,400.

How are property taxes in Johnston calculated?

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

Last Updated March 1, 2025

Micro, Johnston County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.31%

Estimate Property Tax Bill

$1,194

$1,108

Ownwell’s MICRO Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in MICRO with just two data points.

By entering your property's estimated assessed value, our calculator applies MICRO’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 Johnston County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Micro, Johnston County, North Carolina

Local government entities set property tax rates, which can vary significantly within a state. Each county, including Johnston County, estimates its needed budget annually to provide essential services. This budget is then divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In MICRO, part of Johnston County, property owners experience an effective property tax rate that stands at 1.31%. This rate is notable when compared to other cities in North Carolina and the national median property tax rate of 1.02%. The local rate reflects the county's specific budgetary needs and the total assessed property values, making it higher than the national average. Understanding these rates is crucial for property owners who aim to manage their tax liabilities effectively. By comparing these rates with other regions, property owners can gain insights into how their tax obligations align with broader state and national trends.

Property Tax Rates Across Micro, Johnston County, North Carolina

Source: Ownwell

0.75%

1.03%

1.31%

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 Micro Tax Rate

1.31%

Median Effective Johnston County Tax Rate

0.81%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Micro, Johnston County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27555	0.81%	1.31%	1.31%	1.31%	1.31%

Source: Ownwell

Property Tax Assessment Values Across Micro, Johnston County, North Carolina

When examining property taxes in MICRO, North Carolina, 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 Johnston 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 Johnston County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 MICRO. For example, the median home price in MICRO is $91,150, with tax bills ranging significantly across the county. 27555 has the highest median home price at $91,150.

Property Tax Assessment Values Across Micro, Johnston County, North Carolina

Source: Ownwell

$91,150

$173,400

$255,650

Median Micro Market Value

$91,150

Median Johnston County Market Value

$190,250

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Micro, Johnston County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27555	$49,400	$69,370	$91,150	$134,140	$161,796

Source: Ownwell

Property Tax Bills Across Micro, Johnston County, North Carolina

In MICRO, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor’s office in Johnston County. The assessed value is a percentage of the market value, and the local tax rate is applied to this assessed value to determine the tax bill. Various factors, including property size, location, and improvements, influence the assessed value. Homeowners in MICRO face a median property tax bill of $1,173, which is below the national median of $2,400. However, tax bills can vary significantly, with some homeowners paying as low as $697 or as high as $2,073, depending on their property’s assessed value. This variability can have a significant impact on homeowners' finances. Ownwell can help homeowners in MICRO by reviewing their property assessments to identify potential errors or overvaluations. Our experts can assist in appealing assessments, potentially reducing tax bills and ensuring homeowners only pay their fair share. With Ownwell, homeowners can achieve peace of mind and financial savings.

Property Tax Bills Across Micro, Johnston County, North Carolina

Source: Ownwell

$793

$1,531

$2,269

Median Micro Tax Bill

$1,173

Median Johnston County Tax Bill

$1,676

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Micro, Johnston County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27555	$470	$697	$1,173	$1,645	$2,073

Source: Ownwell