Stokes, North Carolina Property Taxes
The median property tax rate in Stokes, NC is 0.93%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Stokes at $99,985, the typical annual property tax bill amounts to $897, which is below the national median of $2,690. Property taxes in Stokes are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Stokes' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Stokes 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
Stokes, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$930
Ownwell’s Stokes Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stokes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stokes to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more granular data, scroll down to explore trends at the neighborhood level. Your property’s assessed value is the figure assigned by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Stokes, North Carolina
Property taxes in Stokes, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stokes is 0.83%, lower than both the North Carolina state median of 0.84% and the U.S. national median of 0.99%. Local government entities within Stokes set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stokes 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 Stokes's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27019 zip code has the highest median property tax rate of 0.83%, while the 27019 zip code has the lowest median tax rate of 0.83%. Understanding how these cities compare with Stokes 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 Stokes Tax Rate
0.93%
Average Pitt County Tax Rate
1.17%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stokes, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27884 | 0.67% | 0.87% | 0.93% | 1.00% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Stokes, North Carolina
In Stokes, 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 Stokes, 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 Stokes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stokes Assessed Value
$99,985
Average Pitt County Assessed Value
$124,775
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stokes, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27884 | $43,422 | $69,896 | $99,985 | $157,005 | $246,636 |
Source: Ownwell
Property Tax Bills Across Stokes, North Carolina
In Stokes, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to generate the annual property tax bill. For instance, with a median home price of $99,985, homeowners can expect their tax bills to vary significantly. The tax bill at the 25th percentile is approximately $663, while at the 75th percentile, it rises to around $1,347. At the 90th percentile, the tax bill can be as high as $2,063. Compared to the national median property tax rate of 0.99%, property taxes in Stokes can be relatively moderate, but they still represent a significant expense for homeowners. These taxes fund essential services like public education, infrastructure, and emergency services, directly impacting the quality of life in the community. Homeowners should be aware of these factors as they contribute to the overall cost of owning a home in Stokes.
Average Stokes Tax Bill
$897
Average Pitt County Tax Bill
$1,320
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Stokes, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27884 | $391 | $663 | $897 | $1,347 | $2,063 |
Source: Ownwell