Holly Springs, Wake County, North Carolina Property Taxes

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

Median HOLLY SPRINGS, NC effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median HOLLY SPRINGS, NC home value: $352,557
Median annual HOLLY SPRINGS, NC tax bill: $3,605, $1,205 higher than the national median property tax bill of $2,400.

How are property taxes in Wake County calculated?

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

Last Updated March 1, 2025

Holly Springs, Wake County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.08%

Estimate Property Tax Bill

$3,808

$3,533

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

By entering your property's estimated assessed value, our calculator applies HOLLY SPRINGS’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 Wake County.

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

Property Tax Rates Across Holly Springs, Wake County, North Carolina

Local government entities set tax rates, which can vary widely within a state. This variability stems from the annual process where each county estimates its required budget to provide services, dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws influence the setting of tax rates and budgets, this is essentially the process followed each year.

In Holly Springs, located in Wake County, NC, the effective property tax rate is an important factor for property owners to consider. Comparing this rate to other cities in North Carolina and the national median provides valuable insights. The median property tax rate in North Carolina is slightly above the national median of 1.02%. However, Holly Springs aligns with the highest and lowest median tax rates in its county, offering a consistent rate across the board. This consistency can be a relief for property owners, knowing that the tax rate is stable and predictable. Understanding these rates helps property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Holly Springs, Wake County, North Carolina

Source: Ownwell

0.67%

0.98%

1.29%

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 Holly Springs Tax Rate

1.08%

Median Effective Wake County Tax Rate

1.10%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Holly Springs, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27540	0.79%	1.08%	1.08%	1.09%	1.09%

Source: Ownwell

Property Tax Assessment Values Across Holly Springs, Wake County, North Carolina

When examining property taxes in Holly Springs, 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 Wake 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 Wake 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 Holly Springs. For example, the median home price in Holly Springs is $352,557, with tax bills ranging significantly across the county. Zip code 27540 has the highest median home price at $352,557.

Property Tax Assessment Values Across Holly Springs, Wake County, North Carolina

Source: Ownwell

$174,058

$394,571

$615,084

Median Holly Springs Market Value

$352,557

Median Wake County Market Value

$302,078

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Holly Springs, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27540	$214,616	$262,691	$352,557	$452,136	$535,184

Source: Ownwell

Property Tax Bills Across Holly Springs, Wake County, North Carolina

In Holly Springs, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. In Wake County, where Holly Springs is located, homeowners can expect a median tax bill of $3,605, which is notably higher than the national median of $2,400. Factors such as location, property size, and market conditions can influence the assessed value, impacting the overall tax bill. Homeowners in the 25th percentile pay around $2,723, while those in the 75th percentile face bills as high as $4,789, with the 90th percentile reaching up to $5,665. For homeowners looking to reduce their property tax burden, Ownwell offers expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners in Holly Springs potentially lower their tax bills, ensuring they pay only their fair share.

Property Tax Bills Across Holly Springs, Wake County, North Carolina

Source: Ownwell

$1,314

$3,992

$6,670

Median Holly Springs Tax Bill

$3,605

Median Wake County Tax Bill

$3,098

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Holly Springs, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27540	$2,214	$2,723	$3,605	$4,789	$5,665

Source: Ownwell