Yadkin County Property Taxes
The median property tax rate in Yadkin County is 0.74%, 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 Yadkin County at $133,219, the typical annual property tax bill amounts to $1,085, significantly below the national median of $2,690. Property taxes in Yadkin County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Yadkin County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Yadkinville or another part of Yadkin County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yadkin County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$986
Ownwell’s Yadkin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Yadkin with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Yadkin to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Yadkin County, North Carolina
Property taxes in Yadkin County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Yadkin County is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Yadkin County set these rates annually, and they can vary significantly between different areas within the county. Each year, Yadkin County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Yadkin County's effective property tax rate with other counties in North Carolina and the national median. For comparison, the city of Boonville has one of the higher property tax rates in the area at 0.75%, while the city of Jonesville boasts one of the lowest at 0.70%. Analyzing how Yadkin County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Yadkin County Tax Rate
0.74%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yadkin County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boonville | 0.47% | 0.73% | 0.75% | 0.84% | 1.19% |
| East Bend | 0.58% | 0.72% | 0.74% | 0.78% | 0.91% |
| Hamptonville | 0.47% | 0.72% | 0.74% | 0.77% | 0.82% |
| Harmony | 0.42% | 0.67% | 0.73% | 0.73% | 0.75% |
| Jonesville | 0.57% | 0.70% | 0.70% | 0.76% | 0.79% |
| Union Grove | 0.41% | 0.59% | 0.73% | 0.75% | 0.78% |
| Yadkinville | 0.56% | 0.70% | 0.73% | 0.76% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Yadkin County, North Carolina
In Yadkin County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Yadkin County Appraisal District. The assessed value, however, 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 Yadkin County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, in Yadkin County, the highest median tax bill is $1651 in Harmony, while the lowest is $817 in Jonesville. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Yadkin County, North Carolina
Source: Ownwell
$114,852
$182,286
$249,719
Average Yadkin County Assessed Value
$133,219
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yadkin County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boonville | $50,402 | $88,014 | $143,738 | $209,264 | $299,144 |
| East Bend | $12,087 | $67,126 | $149,751 | $236,090 | $335,855 |
| Hamptonville | $11,155 | $64,084 | $134,789 | $215,744 | $326,808 |
| Harmony | $137,359 | $178,435 | $249,719 | $331,951 | $385,397 |
| Jonesville | $50,533 | $77,383 | $114,852 | $159,667 | $222,514 |
| Union Grove | $68,626 | $116,898 | $213,971 | $374,830 | $536,739 |
| Yadkinville | $11,811 | $77,933 | $143,278 | $218,656 | $320,542 |
Source: Ownwell
Property Tax Bills Across Yadkin County, North Carolina
In Yadkin County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. For homeowners in Yadkin County, the median home price is $133,219, and the property tax rate is relatively modest compared to the national median rate of 0.99%. Several factors influence the final tax bill, including the home's assessed value and any applicable exemptions or deductions. In Yadkin County, the tax bill can vary significantly, with the 25th percentile at $678, the 75th percentile at $1602, and the 90th percentile reaching up to $2236. Among the cities in the county, Harmony has the highest median tax bill at $1651, while Jonesville has the lowest at $817. This variability can significantly impact homeowners, as higher property taxes can affect overall housing affordability and annual budgeting.
Average Yadkin County Tax Bill
$1,085
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Yadkin County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Boonville | $491 | $752 | $1,182 | $1,698 | $2,313 |
| East Bend | $459 | $724 | $1,249 | $1,807 | $2,479 |
| Hamptonville | $442 | $671 | $1,083 | $1,561 | $2,178 |
| Harmony | $746 | $1,239 | $1,651 | $2,028 | $2,600 |
| Jonesville | $391 | $562 | $817 | $1,139 | $1,573 |
| Union Grove | $560 | $825 | $1,451 | $2,240 | $3,107 |
| Yadkinville | $482 | $711 | $1,119 | $1,613 | $2,264 |
Source: Ownwell