Belews Creek, North Carolina Property Taxes
The median property tax rate in Belews Creek, NC is 0.74%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Belews Creek at $83,700, the typical annual property tax bill is approximately $619, significantly below the national median of $2,690. Property taxes in Belews Creek are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Belews Creek's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Belews Creek or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belews Creek, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$619
Ownwell’s Belews Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belews Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belews Creek 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 Belews Creek, North Carolina
Property taxes in Belews Creek, 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 Belews Creek is 0.74%, which is lower than both the North Carolina state median of 0.85% and the U.S. national median of 0.99%. Local government entities within Belews Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belews Creek 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 Belews Creek's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27009 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Belews Creek 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 Belews Creek 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 Belews Creek, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27009 | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Belews Creek, North Carolina
In Belews Creek, 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. 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. Belews Creek has a median home price of $83,700. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. For instance, the median tax bill in zip code 27009 is $619. 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 Belews Creek, North Carolina
Source: Ownwell
$83,700
$329,300
$574,900
Average Belews Creek Assessed Value
$83,700
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 Belews Creek, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27009 | $32,420 | $55,850 | $83,700 | $103,150 | $148,220 |
Source: Ownwell
Property Tax Bills Across Belews Creek, North Carolina
In Belews Creek, located in Stokes County, NC, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county's property assessor and reflects the market value of your property. For a home with a median price of $83,700, the tax bill can vary significantly. At the 25th percentile, homeowners might see tax bills around $413, while those at the 75th percentile could pay approximately $763. The 90th percentile tax bill can go up to $1,097. Several factors influence these tax bills, including property improvements, neighborhood developments, and market trends. These elements can lead to fluctuations in assessed values, thereby impacting the tax amount. The median property tax rate in Stokes County aligns with the national median of 0.99%, making it relatively consistent with national standards. Homeowners in Belews Creek need to be mindful of these assessments, as they directly affect their annual financial obligations.
Average Belews Creek Tax Bill
$619
Average Stokes County Tax Bill
$951
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Belews Creek, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27009 | $240 | $413 | $619 | $763 | $1,097 |
Source: Ownwell