Dover, North Carolina Property Taxes
The median property tax rate in Dover, NC is 0.75%, 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 Dover at $90,915, the typical annual property tax bill is $654, significantly less than the national median of $2,690. Property taxes in Dover are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Dover'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 Dover or another part of Jones County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dover, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$682
Ownwell’s Dover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dover 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 Dover, North Carolina
Property taxes in Dover, 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 Dover is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Dover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dover 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 Dover's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28526 has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Dover provides valuable insights into the varying tax landscape across Jones County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dover Tax Rate
0.75%
Average Jones County Tax Rate
0.75%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dover, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28526 | 0.39% | 0.75% | 0.75% | 0.76% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Dover, North Carolina
In Dover, 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 Jones 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 Dover, 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 Dover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Dover ranges from $402 at the 25th percentile to $972 at the 75th percentile, with the highest median tax bill being $654 in zip code 28526.
Average Dover Assessed Value
$90,915
Average Jones County Assessed Value
$91,440
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dover, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28526 | $28,915 | $64,678 | $90,915 | $145,500 | $262,045 |
Source: Ownwell
Property Tax Bills Across Dover, North Carolina
In Dover, NC, property tax bills are calculated based on the assessed value of a home. The median home price in Dover stands at $90,915. To determine the tax bill, local authorities apply the property tax rate to this assessed value. Factors considered include the home's market value, location, and any applicable exemptions or deductions. For instance, homeowners in Dover can expect a tax bill ranging from $402 at the 25th percentile to $1,886 at the 90th percentile. The median tax bill in Dover is $654, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can be advantageous for homeowners, potentially making Dover an appealing place for property investment. However, it's crucial for homeowners to stay informed about any changes in property values and tax rates, as these directly impact their annual tax obligations. Understanding these factors can help homeowners better manage their finances and plan for future expenses.
Average Dover Tax Bill
$654
Average Jones County Tax Bill
$672
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Dover, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28526 | $180 | $402 | $654 | $972 | $1,886 |
Source: Ownwell