Pilot Mountain, North Carolina Property Taxes
The median property tax rate in Pilot Mountain, NC is 0.74%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Pilot Mountain, the typical annual property tax bill is $865, significantly below the national median of $2,690. Property taxes in Pilot Mountain are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Pilot Mountain'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 Pilot Mountain 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
Pilot Mountain, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$907
Ownwell’s PILOT MOUNTAIN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PILOT MOUNTAIN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PILOT MOUNTAIN 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 Pilot Mountain, North Carolina
Property taxes in Pilot Mountain, North Carolina, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Pilot Mountain is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Pilot Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pilot Mountain 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 Pilot Mountain's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27041 has both the highest and lowest median property tax rate of 0.74%. Understanding how these cities compare with Pilot Mountain 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 Pilot Mountain 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 Pilot Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27041 | 0.43% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Pilot Mountain, North Carolina
In Pilot Mountain, 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 Pilot Mountain, 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. The zip code 27041 in Stokes County has both the highest and lowest median tax bill at $865. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pilot Mountain, North Carolina
Source: Ownwell
$83,700
$329,300
$574,900
Average Pilot Mountain Assessed Value
$122,550
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 Pilot Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27041 | $39,650 | $80,700 | $122,550 | $196,725 | $298,320 |
Source: Ownwell
Property Tax Bills Across Pilot Mountain, North Carolina
In Pilot Mountain, located in Stokes County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. Homeowners in this region experience a median property tax rate that is relatively competitive compared to the national median of 0.99%. For a median home price of $122,550, property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $540, while those at the 75th percentile could see bills as high as $1,342. In some cases, tax bills can reach up to $2,055 at the 90th percentile. The highest and lowest median tax bills in the 27041 zip code are both $865, highlighting a level of consistency in this area. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding how these factors influence tax bills can help homeowners better manage their financial planning.
Average Pilot Mountain Tax Bill
$865
Average Stokes County Tax Bill
$951
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pilot Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27041 | $270 | $540 | $865 | $1,342 | $2,055 |
Source: Ownwell