Bailey, Nash County, North Carolina Property Taxes
Median Bailey, NC effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Bailey, NC home value: $105,845
Median annual Bailey, NC tax bill: $944, $1,456 lower than the national median property tax bill of $2,400.
How are property taxes in Nash County calculated?
Property taxes in Bailey, 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 Bailey’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bailey, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bailey, Nash County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$921
$855
Property Tax Rates Across Bailey, Nash County, North Carolina
Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing that 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 these rates and budgets, this is the basic annual process.
In Bailey, located in Nash County, the effective property tax rate is 0.87%, which is below the national median of 1.02%. This rate is consistent across the county, making it one of the more affordable areas in North Carolina for property owners. Compared to other cities in the state, Bailey's rate aligns closely with the state median. This consistency provides a predictable environment for property owners, which can be a significant advantage when planning long-term investments. The lower tax rate, combined with the benefits of living in Bailey, presents a compelling case for property ownership in this region.
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 Bailey Tax Rate
0.87%
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 Nash County Tax Rate
0.72%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bailey, Nash County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27807 | 0.74% | 0.81% | 0.87% | 0.99% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Bailey, Nash County, North Carolina
When examining property taxes in Bailey, 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 Nash 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 Nash County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Bailey. For example, the median home price in Bailey is $105,845, with tax bills ranging significantly across the county. Zip code 27807 has the highest median home price at $105,845.
Property Tax Assessment Values Across Bailey, Nash County, North Carolina
Source: Ownwell
$69,540
$120,520
$171,500
Median Bailey Market Value
$105,845
Median Nash County Market Value
$102,010
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bailey, Nash County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27807 | $43,235 | $68,542 | $105,845 | $175,540 | $243,650 |
Source: Ownwell
Property Tax Bills Across Bailey, Nash County, North Carolina
In Bailey, Nash County, NC, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the home. Homeowners in Bailey face a median property tax bill of $944, which is significantly lower than the national median of $2400. The tax bill can range widely, with the 25th percentile at $646 and the 90th percentile reaching up to $1991. These variations are influenced by factors such as property size, location, and market conditions.
For homeowners, these tax bills are a substantial annual expense. However, Ownwell can help reduce this burden. By providing expert property tax appeal services, Ownwell assists homeowners in challenging their assessed values, potentially lowering their tax bills. Our team of professionals navigates the complexities of the tax appeal process, ensuring homeowners pay only their fair share. This service can lead to significant savings, making homeownership more affordable.
Median Bailey Tax Bill
$944
Median Nash County Tax Bill
$784
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Bailey, Nash County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27807 | $431 | $646 | $944 | $1,458 | $1,991 |
Source: Ownwell