Kernersville, North Carolina Property Taxes
The median property tax rate in Kernersville, NC is 0.64%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Kernersville at $189,370, the typical annual property tax bill amounts to $1,213, well below the national median of $2,690. Property taxes in Kernersville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Kernersville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kernersville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kernersville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,212
Ownwell’s Kernersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kernersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kernersville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kernersville, North Carolina
Property taxes in Kernersville, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kernersville is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Kernersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kernersville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Kernersville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27284 zip code has the highest median property tax rate of 0.64%, while the same zip code also has the lowest median tax rate of 0.64%. Understanding how these cities compare with Kernersville provides valuable insights into the varying tax landscape across Davidson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kernersville Tax Rate
0.64%
Average Davidson County Tax Rate
0.65%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kernersville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27284 | 0.64% | 0.64% | 0.64% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Kernersville, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kernersville, North Carolina. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Davidson County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Kernersville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Kernersville is $189,370, with tax bills ranging from $833 at the 25th percentile to $2,545 at the 90th percentile. The zip code 27284 has the highest and lowest median tax bill, both at $1,213. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively.
Property Tax Assessment Values Across Kernersville, North Carolina
Source: Ownwell
$75,130
$182,330
$289,530
Average Kernersville Assessed Value
$189,370
Average Davidson County Assessed Value
$147,820
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kernersville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27284 | $84,803 | $135,365 | $189,370 | $306,180 | $387,785 |
Source: Ownwell
Property Tax Bills Across Kernersville, North Carolina
In Kernersville, located in Davidson County, NC, property tax bills are calculated based on the assessed value of a home. The county assesses properties to determine their value, which is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $189,370, the tax bill can vary significantly. Homeowners in the 25th percentile might pay around $833, while those in the 75th percentile could see bills as high as $1,879. At the 90th percentile, the tax bill can reach up to $2,545. The property tax rate in Kernersville is a crucial factor affecting these amounts. Compared to the national median property tax rate of 0.99%, homeowners in Kernersville may find their tax bills to be relatively moderate. This variability in tax bills impacts homeowners differently, depending on the assessed value of their property and the local tax rate. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Kernersville Tax Bill
$1,213
Average Davidson County Tax Bill
$1,125
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Kernersville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27284 | $414 | $833 | $1,213 | $1,879 | $2,545 |
Source: Ownwell