Germanton, North Carolina Property Taxes
The median property tax rate in Germanton, NC is 0.74%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Germanton at $147,700, the typical annual property tax bill amounts to $1,036, significantly below the national median of $2,690. Property taxes in Germanton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Germanton'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 Germanton 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
Germanton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,093
Ownwell’s Germanton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Germanton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Germanton 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 Germanton, North Carolina
Property taxes in Germanton, 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 Germanton is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Germanton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Germanton 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 Germanton's effective property tax rate to other regions in North Carolina and the national median. For comparison, the zip code 27019 has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these areas compare with Germanton provides valuable insights into the varying tax landscape across Stokes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Germanton Tax Rate
0.74%
Average Stokes County Tax Rate
0.74%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Germanton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27019 | 0.49% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Germanton, North Carolina
In Germanton, 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 Stokes 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 Germanton, 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 here is $147,700, with tax bills ranging from $638 at the 25th percentile to $2,008 at the 90th percentile. The zip code 27019 has both the highest and lowest median tax bills, each at $1,036. 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 Germanton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Germanton, North Carolina
Source: Ownwell
$83,700
$329,300
$574,900
Average Germanton Assessed Value
$147,700
Average Stokes County Assessed Value
$130,100
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Germanton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27019 | $54,960 | $89,725 | $147,700 | $214,925 | $303,890 |
Source: Ownwell
Property Tax Bills Across Germanton, North Carolina
In Germanton, located in Stokes County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $147,700, homeowners can expect a median tax bill. The tax bill varies significantly depending on the property's value, with the 25th percentile tax bill at $638 and the 75th percentile tax bill reaching $1,496. At the higher end, the 90th percentile tax bill is $2,008. These property taxes fund essential local services such as schools, public safety, and infrastructure. The tax rate in Germanton is comparable to the national median property tax rate of 0.99%, ensuring that homeowners contribute fairly to community services. Understanding how these factors affect property tax bills can help homeowners in Germanton plan their finances more effectively and anticipate their annual expenses.
Average Germanton Tax Bill
$1,036
Average Stokes County Tax Bill
$951
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Germanton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27019 | $331 | $638 | $1,036 | $1,496 | $2,008 |
Source: Ownwell