Jamestown, North Carolina Property Taxes
The median property tax rate in Jamestown, NC is 1.22%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Jamestown at $230,100, the typical annual property tax bill reaches $2,709, exceeding the national median of $2,690. Property taxes in Jamestown are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jamestown'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 Jamestown 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
Jamestown, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$2,807
Ownwell’s Jamestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jamestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jamestown 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 Jamestown, North Carolina
Property taxes in Jamestown, 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 Jamestown is 1.22%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Jamestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jamestown 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 Jamestown's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27282 zip code has the highest median property tax rate of 1.22%, while the same zip code also represents the lowest median tax rate of 1.22%. Understanding how these cities compare with Jamestown provides valuable insights into the varying tax landscape across Guilford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jamestown Tax Rate
1.22%
Average Guilford County Tax Rate
1.35%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jamestown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27282 | 0.87% | 0.87% | 1.22% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Jamestown, North Carolina
In Jamestown, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Guilford 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 Jamestown, 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. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Jamestown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 27282, with a value of $2,709.00, and the same zip code also has the lowest median tax bill.
Property Tax Assessment Values Across Jamestown, North Carolina
Source: Ownwell
$15,000
$189,700
$364,400
Average Jamestown Assessed Value
$230,100
Average Guilford County Assessed Value
$164,700
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jamestown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27282 | $70,250 | $168,700 | $230,100 | $287,400 | $354,650 |
Source: Ownwell
Property Tax Bills Across Jamestown, North Carolina
In Jamestown, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in Jamestown is $230,100. Property taxes are influenced by several factors, including the assessed value of the property, which is determined by the county assessor, and the local tax rate set by the county and city authorities. For homeowners in Jamestown, property tax bills can range significantly. At the 25th percentile, tax bills are around $1,885, while those at the 75th percentile reach about $3,573. The top 10% of property tax bills in Jamestown can be as high as $4,486. This variability means that homeowners with higher-valued properties or those in areas with higher tax rates will pay more. Comparatively, the national median property tax rate is 0.99%, making Jamestown's rates relatively competitive. Understanding these factors is crucial for homeowners to anticipate their annual tax obligations and budget accordingly.
Average Jamestown Tax Bill
$2,709
Average Guilford County Tax Bill
$1,922
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Jamestown, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27282 | $741 | $1,885 | $2,709 | $3,573 | $4,486 |
Source: Ownwell