Granville County Property Taxes
The median property tax rate in Granville County is 1.00%, which is slightly higher than the national median of 0.99% and significantly above the North Carolina state median of 0.82%. With the median home value in Granville County at $137,588, the typical annual property tax bill reaches $1,476, which is lower than the national median of $2,690. Property taxes in Granville County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Granville County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Oxford or another part of Granville County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Granville County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$1,376
Ownwell’s Granville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Granville with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Granville 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 Granville County, North Carolina
Property taxes in Granville County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Granville County is 1.00%, which is slightly higher than the U.S. national median of 0.99%. Local government entities within Granville County set these rates annually, and they can vary significantly between different areas within the county. Each year, Granville 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. The following data compares Granville County's effective property tax rate with other regions and the national median. For comparison, the city of Stovall has one of the higher property tax rates in the region at 1.43%, while the city of Youngsville boasts one of the lowest at 0.92%. Analyzing how Granville County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Granville County Tax Rate
1.00%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Granville County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bullock | 0.67% | 0.93% | 0.97% | 1.05% | 1.14% |
| Butner | 1.30% | 1.33% | 1.37% | 1.41% | 1.46% |
| Creedmoor | 0.90% | 0.95% | 1.30% | 1.51% | 1.55% |
| Franklinton | 0.90% | 0.91% | 0.94% | 0.97% | 1.03% |
| Kittrell | 0.71% | 0.92% | 0.95% | 1.01% | 1.09% |
| Oxford | 0.73% | 0.93% | 1.02% | 1.48% | 1.52% |
| Rougemont | 0.52% | 0.91% | 0.96% | 1.02% | 1.08% |
| Roxboro | 0.48% | 0.93% | 0.98% | 1.12% | 1.21% |
| Stem | 0.90% | 0.93% | 0.99% | 1.35% | 1.39% |
| Stovall | 1.39% | 1.41% | 1.43% | 1.48% | 1.55% |
| Virgilina | 1.06% | 1.06% | 1.06% | 1.06% | 1.06% |
| Wake Forest | 0.90% | 0.90% | 0.92% | 0.96% | 1.04% |
| Youngsville | 0.90% | 0.90% | 0.92% | 0.93% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Granville County, North Carolina
In Granville 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 Granville 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 Granville 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. In Granville County, the city with the highest median tax bill is Youngsville at $2,847, while Roxboro has the lowest median tax bill at $632. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Granville County, North Carolina
Source: Ownwell
$56,307
$184,729
$313,151
Average Granville County Assessed Value
$137,588
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Granville County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bullock | $42,965 | $67,917 | $107,584 | $191,415 | $297,208 |
| Butner | $78,895 | $97,899 | $121,958 | $151,895 | $192,758 |
| Creedmoor | $72,052 | $113,230 | $165,175 | $218,343 | $303,984 |
| Franklinton | $75,414 | $129,322 | $183,059 | $271,973 | $333,926 |
| Kittrell | $56,547 | $85,714 | $139,512 | $197,218 | $269,353 |
| Oxford | $40,052 | $65,194 | $101,668 | $169,774 | $261,384 |
| Rougemont | $51,401 | $75,160 | $119,152 | $214,747 | $305,400 |
| Roxboro | $33,423 | $42,702 | $75,208 | $132,877 | $185,220 |
| Stem | $66,914 | $97,435 | $144,186 | $204,667 | $281,362 |
| Stovall | $21,847 | $33,832 | $56,307 | $82,079 | $128,660 |
| Virgilina | $66,265 | $66,265 | $66,265 | $66,265 | $66,265 |
| Wake Forest | $73,091 | $140,238 | $279,244 | $380,198 | $461,062 |
| Youngsville | $204,741 | $242,541 | $313,151 | $406,931 | $493,987 |
Source: Ownwell
Property Tax Bills Across Granville County, North Carolina
In Granville County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Granville County experience a range of tax bills depending on their property's value and location. For example, the median home price in the county is $137,588, leading to varying tax liabilities. Several factors influence the final tax bill, including the property's assessed value and the specific tax rate set by local authorities. In Granville County, tax bills can range significantly, with the 25th percentile at $853 and the 75th percentile at $2316. High-value properties, such as those in Youngsville, can see median tax bills as high as $2847, whereas areas like Roxboro might have much lower median tax bills, around $632. Understanding these factors is crucial for homeowners, as property taxes directly impact annual housing costs and overall financial planning.
Average Granville County Tax Bill
$1,476
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Granville County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bullock | $447 | $647 | $978 | $1,672 | $2,534 |
| Butner | $1,062 | $1,325 | $1,654 | $2,047 | $2,501 |
| Creedmoor | $808 | $1,316 | $2,072 | $2,788 | $3,522 |
| Franklinton | $730 | $1,186 | $1,691 | $2,435 | $3,014 |
| Kittrell | $490 | $806 | $1,185 | $1,802 | $2,317 |
| Oxford | $435 | $692 | $1,063 | $1,787 | $2,632 |
| Rougemont | $437 | $742 | $1,053 | $1,858 | $2,684 |
| Roxboro | $333 | $433 | $632 | $1,250 | $1,653 |
| Stem | $677 | $973 | $1,632 | $2,130 | $2,797 |
| Stovall | $304 | $483 | $768 | $1,159 | $1,797 |
| Virgilina | $704 | $704 | $704 | $704 | $704 |
| Wake Forest | $731 | $1,306 | $2,510 | $3,422 | $4,129 |
| Youngsville | $1,865 | $2,236 | $2,847 | $3,685 | $4,458 |
Source: Ownwell