Wake Forest, Granville County, North Carolina Property Taxes
Property Taxes in Wake Forest, North Carolina
Median Wake Forest, North Carolina effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, and lower than the North Carolina state median of 0.81%.
Median Wake Forest, North Carolina home value: $476,473
Median annual Wake Forest, North Carolina tax bill: $3,346, higher than the national median property tax bill of $2,400.
How are property taxes in Granville calculated?
Property taxes in Wake Forest, North Carolina 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 April 13, 2026
Wake Forest, Granville County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$3,383
$3,139
How Does the Wake Forest Property Tax Calculator Work?
Use this Wake Forest property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Wake Forest's median effective tax rate of 0.71% — based on actual property records in Granville County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Wake Forest's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Wake Forest: rates range from 0.71% in 27587 to 0.71% in 27587, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Wake Forest.
About Wake Forest Property Taxes
About Property Taxes in Wake Forest, Granville, NC
Wake Forest’s median effective property tax rate of 0.71% is lower than the North Carolina state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Granville County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Wake Forest. Homeowners in the 27587 ZIP code carry a median effective rate of 0.71%, while those in the lowest ZIP also pay 0.71%. This spread reflects how school district boundaries and local assessment districts are drawn across Granville County. Understanding which part of Wake Forest you live in can make a meaningful difference to your annual tax bill.
Wake Forest homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the May 4, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Wake Forest, Granville County, North Carolina
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because 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%
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 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, 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. Granville County 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.
Assessment notices:
In Granville County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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. For Wake Forest, the median home price is $476,473, and the median tax bill is $3,346, compared with the national median property tax bill of $2,400. Tax bills range from $1,642 at the 25th percentile to $5,178 at the 90th percentile, showing how property taxes can vary across the county.
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
Property tax bills in Wake Forest are based on the assessed value of a home and the local tax rates set by the county and other taxing authorities. When a property is reassessed, the tax bill can change if the market value of the home has changed, which means homeowners may see higher or lower taxes over time.
With a median home price of $476,473, the typical tax burden in this area is significant, especially when compared with the national median property tax bill of $2,400. The median tax bill in ZIP code 27587 is $3,346, and bills can vary widely, with the 25th percentile at $1,642 and the 75th percentile at $4,287. At the 90th percentile, tax bills reach $5,178.
For homeowners, this means property taxes can have a meaningful impact on monthly housing costs and long-term affordability, making it important to understand how assessments and local rates shape the final bill.
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
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | May 22 |
Links | |
|---|---|
| Granville Tax Assessor | |
| Website | tax.granvillecounty.org |