Willow Spring, Wake County, North Carolina Property Taxes

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

Median Willow Spring, NC effective property tax rate: 0.79%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Willow Spring, NC home value: $254,006
Median annual Willow Spring, NC tax bill: $1,940, $460 lower than the national median property tax bill of $2,400.

How are property taxes in Wake County calculated?

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

Last Updated March 1, 2025

Willow Spring, Wake County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.79%

Estimate Property Tax Bill

$2,007

$1,862

Ownwell’s Willow Spring Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Willow Spring with just two data points. By entering your property's estimated assessed value, our calculator applies Willow Spring’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 Willow Spring, Wake County, North Carolina

Local government entities set tax rates, which can vary widely within a state. This happens because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Willow Spring, located in Wake County, NC, the effective property tax rate is 0.79%, which aligns with the highest and lowest rates found in the area. This rate is below the national median property tax rate of 1.02%. The median property tax bill in Willow Spring is also notably lower than the national median bill of $2400. This makes Willow Spring an attractive location for homeowners seeking lower property tax obligations compared to many other parts of the country. By understanding these local tax dynamics, homeowners can make informed decisions about property investments and potential savings through tax appeals and exemptions.

Property Tax Rates Across Willow Spring, 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 Willow Spring Tax Rate

0.79%

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 Willow Spring, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27592	0.78%	0.79%	0.79%	0.79%	0.80%

Source: Ownwell

Property Tax Assessment Values Across Willow Spring, Wake County, North Carolina

When examining property taxes in Willow Spring, 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 Tax Administration 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 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 Willow Spring.

For example, the median home price in Willow Spring is $254,006, with tax bills ranging significantly across the county. Zip code 27592 has the highest median home price at $254,006.

Property Tax Assessment Values Across Willow Spring, Wake County, North Carolina

Source: Ownwell

$174,058

$394,571

$615,084

Median Willow Spring Market Value

$254,006

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 Willow Spring, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27592	$109,490	$178,765	$254,006	$328,777	$396,453

Source: Ownwell

Property Tax Bills Across Willow Spring, Wake County, North Carolina

In Willow Spring, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The property tax rate is applied to this assessed value to calculate the tax bill. For homeowners in Willow Spring, the median property tax bill is $1,940, which is lower than the national median of $2,400. However, property tax bills can vary widely, with the 25th percentile at $1,375 and the 90th percentile reaching up to $3,092. Factors influencing these variations include the home's assessed value and any applicable exemptions or deductions. High property taxes can significantly impact homeowners, affecting affordability and long-term financial planning. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By analyzing assessed values and identifying discrepancies or opportunities for exemptions, Ownwell helps homeowners in Willow Spring reduce their property tax burden, ensuring they only pay their fair share.

Property Tax Bills Across Willow Spring, Wake County, North Carolina

Source: Ownwell

$1,314

$3,992

$6,670

Median Willow Spring Tax Bill

$1,940

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 Willow Spring, Wake County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27592	$810	$1,375	$1,940	$2,556	$3,092

Source: Ownwell