Clemmons, North Carolina Property Taxes
The median property tax rate in Clemmons, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Clemmons, the typical annual property tax bill is $687, well below the national median of $2,690. Property taxes in Clemmons 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 Clemmons' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Clemmons 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
Clemmons, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$687
Ownwell’s CLEMMONS Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in CLEMMONS with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in CLEMMONS to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and may include applicable exemptions.
Property Tax Rates Across Clemmons, North Carolina
Property taxes in Clemmons, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clemmons is 0.77%, which is higher than the North Carolina state median of 0.70% but lower than the U.S. national median of 0.99%. Local government entities within Clemmons set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clemmons 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 Clemmons' effective property tax rate to other counties in North Carolina and the national median. For comparison, 28202 has the highest median property tax rate of 1.31%, while 28348 has the lowest median tax rate of 0.52%. Understanding how these cities compare with Clemmons provides valuable insights into the varying tax landscape across Forsyth, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clemmons Tax Rate
0.40%
Average Avery County Tax Rate
0.40%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clemmons, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27012 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across Clemmons, North Carolina
In Clemmons, 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 Avery 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. Assessment notices in Clemmons 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 Clemmons helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Clemmons is $687, with the highest and lowest median tax bills both occurring in zip code 27012.
Property Tax Assessment Values Across Clemmons, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Clemmons Assessed Value
$171,800
Average Avery County Assessed Value
$135,500
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clemmons, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27012 | $171,800 | $171,800 | $171,800 | $171,800 | $171,800 |
Source: Ownwell
Property Tax Bills Across Clemmons, North Carolina
In Clemmons, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. For homeowners in Clemmons, the median home price is $171,800. Property tax rates are applied to this assessed value to determine the annual tax bill. In Clemmons, the median property tax bill is consistently $687, which is significantly lower than the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. This relatively low tax burden can be advantageous for homeowners, potentially making Clemmons an attractive place to live. Lower property taxes can also positively impact household budgets, allowing residents to allocate funds to other expenses or investments. Understanding how these taxes are calculated helps homeowners anticipate their annual expenses and plan accordingly.
Average Clemmons Tax Bill
$687
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Clemmons, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27012 | $687 | $687 | $687 | $687 | $687 |
Source: Ownwell