Archdale, North Carolina Property Taxes
The median property tax rate in Archdale, NC is 1.30%, 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 Archdale, the typical annual property tax bill reaches $470. Property taxes in Archdale 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 Archdale'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 Archdale 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
Archdale, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$472
Ownwell’s Archdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Archdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Archdale 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 Archdale, North Carolina
Property taxes in Archdale, 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 Archdale is 1.30%, significantly higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Archdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Archdale 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 Archdale's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27263 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Archdale provides valuable insights into the varying tax landscape across Forsyth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Archdale Tax Rate
1.30%
Average Forsyth County Tax Rate
1.31%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Archdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27263 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Archdale, North Carolina
In Archdale, 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 Forsyth 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 Archdale, 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. For example, the median home price in Archdale is $36,300, with the tax bill consistently around $470 across various percentiles. The highest and lowest median tax bills are both $470, found in the 27263 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Archdale, North Carolina
Source: Ownwell
$36,300
$196,950
$357,600
Average Archdale Assessed Value
$36,300
Average Forsyth County Assessed Value
$158,600
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Archdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27263 | $36,300 | $36,300 | $36,300 | $36,300 | $36,300 |
Source: Ownwell
Property Tax Bills Across Archdale, North Carolina
In Archdale, located in Forsyth 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 and reflects the market value of the property. Forsyth County’s property tax rate is applied to this assessed value to calculate the annual tax bill. For homeowners in Archdale, the median home price is $36,300, which corresponds to a typical tax bill of $470. This figure stands out when compared to the national median property tax rate of 0.99%. The tax bill remains consistent across different percentiles, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $470. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Understanding how these taxes are calculated helps homeowners in Archdale plan their finances and appreciate the value received from their contributions to the community.
Average Archdale Tax Bill
$470
Average Forsyth County Tax Bill
$1,755
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Archdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27263 | $470 | $470 | $470 | $470 | $470 |
Source: Ownwell