Davie County Property Taxes
The median property tax rate in Davie County is 0.77%, which is lower than both the national median of 0.99% and North Carolina's state median of 0.82%. With a median home value of $176,350 in Davie County, the typical annual property tax bill amounts to $1,442, significantly below the national median of $2,690. Property taxes in Davie County are determined based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding the intricacies of Davie County's property tax system, exploring available exemptions, and finding opportunities for property tax reductions can lead to substantial annual savings. Whether residing in Mocksville or another part of Davie County, having a thorough understanding of local property taxes is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Davie County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$1,358
-$14,231
Ownwell’s Davie County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Davie County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Davie County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Davie County, North Carolina
Property taxes in Davie County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Davie County is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Davie County set these rates annually, and they can vary significantly between different areas within the county. Each year, Davie County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Cooleemee has one of the higher property tax rates in North Carolina at 1.44%, while the city of Statesville boasts one of the lowest at 0.77%. Analyzing how Davie County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Davie County Tax Rate
0.77%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davie County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Advance | 0.77% | 0.77% | 0.80% | 0.82% | 1.06% |
| Cooleemee | 1.31% | 1.38% | 1.44% | 1.50% | 1.56% |
| Harmony | 0.41% | 0.77% | 0.77% | 0.77% | 0.77% |
| Mocksville | 0.57% | 0.77% | 0.77% | 0.79% | 1.06% |
| Statesville | 0.72% | 0.77% | 0.77% | 0.77% | 0.77% |
| Yadkinville | 0.44% | 0.65% | 0.77% | 0.77% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Davie County, North Carolina
In Davie County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Davie County Appraisal District. The assessed value, however, 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. Assessment notices in Davie County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Advance has the highest median tax bill at $2,016, while Cooleemee has the lowest at $848. Being aware of these valuation processes in Davie County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Davie County, North Carolina
Source: Ownwell
$59,660
$152,730
$245,800
Average Davie County Assessed Value
$176,350
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Davie County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Advance | $114,076 | $164,468 | $245,800 | $347,468 | $473,505 |
| Cooleemee | $41,360 | $48,300 | $59,660 | $74,600 | $104,588 |
| Harmony | $47,490 | $91,720 | $152,160 | $218,960 | $282,840 |
| Mocksville | $62,438 | $97,610 | $146,930 | $222,885 | $343,596 |
| Statesville | $66,684 | $82,265 | $178,790 | $275,645 | $566,494 |
| Yadkinville | $68,049 | $135,625 | $193,995 | $240,590 | $377,408 |
Source: Ownwell
Property Tax Bills Across Davie County, North Carolina
In Davie County, NC, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The tax rate is applied to this assessed value to calculate the annual tax bill. Various factors influence the assessed value, including the property's market value, location, and physical characteristics. For homeowners, this means that higher property values typically result in higher tax bills. In Davie County, the median home price stands at $176,350. Tax bills can vary significantly, with the 25th percentile at $902 and the 75th percentile reaching $2,230. The highest median tax bill in the county is in Advance, averaging $2,016, while the lowest is in Cooleemee at $848. These figures highlight the disparity in tax burdens across different areas within the county. Compared to the national median property tax rate of 0.99%, Davie County's rates reflect the local economic conditions and property values, directly impacting homeowners' financial obligations.
Average Davie County Tax Bill
$1,442
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Davie County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Advance | $884 | $1,327 | $2,016 | $2,850 | $3,990 |
| Cooleemee | $556 | $705 | $848 | $1,024 | $1,395 |
| Harmony | $313 | $580 | $1,018 | $1,506 | $2,045 |
| Mocksville | $470 | $767 | $1,178 | $1,746 | $2,486 |
| Statesville | $515 | $636 | $1,344 | $1,816 | $2,944 |
| Yadkinville | $344 | $1,031 | $1,163 | $1,670 | $2,395 |
Source: Ownwell