Stokesdale, North Carolina Property Taxes
The median property tax rate in Stokesdale, NC is 0.81%, slightly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Stokesdale, the typical annual property tax bill amounts to $1,091, which is below the national median of $2,690. Property taxes in Stokesdale are calculated based on the tax assessed value, typically lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Stokesdale'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 Stokesdale 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
Stokesdale, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$1,091
Ownwell’s Stokesdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stokesdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stokesdale 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 Stokesdale, North Carolina
Property taxes in Stokesdale, 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 Stokesdale is 0.81%, which is lower than the U.S. national median of 0.99%. Local government entities within Stokesdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stokesdale 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 Stokesdale's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27357 has the highest median property tax rate of 0.81%, while the same zip code also has the lowest median tax rate of 0.81%. Understanding how these areas compare with Stokesdale provides valuable insights into the varying tax landscape across Rockingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stokesdale Tax Rate
0.81%
Average Rockingham County Tax Rate
0.81%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stokesdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27357 | 0.78% | 0.80% | 0.81% | 0.82% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Stokesdale, North Carolina
In Stokesdale, 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 Rockingham 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 Stokesdale, 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 Stokesdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Stokesdale is $134,671, with tax bills ranging from $608 at the 25th percentile to $2,550 at the 90th percentile. The zip code 27357 has both the highest and lowest median tax bill, which stands at $1,091.
Property Tax Assessment Values Across Stokesdale, North Carolina
Source: Ownwell
$5,631
$70,151
$134,671
Average Stokesdale Assessed Value
$134,671
Average Rockingham County Assessed Value
$76,220
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stokesdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27357 | $27,222 | $75,564 | $134,671 | $219,419 | $317,444 |
Source: Ownwell
Property Tax Bills Across Stokesdale, North Carolina
In Stokesdale, Rockingham County, NC, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or changes made to the property. For instance, homes in Stokesdale have a median home price of $134,671. Homeowners in Stokesdale can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $608, while the 75th percentile tax bill reaches $1,772. At the 90th percentile, homeowners might see tax bills as high as $2,550. These figures indicate a wide range of tax liabilities depending on individual property values and assessments. Compared to the national median property tax rate of 0.99%, the property tax burden in Stokesdale can be considered moderate. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Stokesdale Tax Bill
$1,091
Average Rockingham County Tax Bill
$704
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Stokesdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27357 | $219 | $608 | $1,091 | $1,772 | $2,550 |
Source: Ownwell