Davidson County, North Carolina Property Taxes
The median property tax rate in Davidson County is 0.65%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $147,820 in Davidson County, the typical annual property tax bill amounts to $1,125, significantly below the national median of $2,690. Property taxes in Davidson County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, including primary residence and agricultural exemptions. Understanding Davidson 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 Lexington or another part of Davidson County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Davidson County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$961
$892
Ownwell’s Davidson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Davidson with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Davidson 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 Davidson County, North Carolina
Property taxes in Davidson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Davidson County is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Davidson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Davidson 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 Davidson County's effective property tax rate with other counties in North Carolina and the national median. For comparison, the city of Thomasville has one of the higher property tax rates in North Carolina at 1.16%, while the city of New London boasts one of the lowest at 0.60%. Analyzing how Davidson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Davidson County Tax Rate
0.65%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davidson County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clemmons | 0.60% | 0.64% | 0.64% | 0.64% | 0.64% |
| Denton | 0.57% | 0.63% | 0.64% | 0.67% | 1.14% |
| High Point | 0.64% | 0.64% | 1.16% | 1.16% | 1.16% |
| Kernersville | 0.64% | 0.64% | 0.64% | 0.69% | 0.69% |
| Lexington | 0.60% | 0.64% | 0.65% | 0.67% | 1.31% |
| Linwood | 0.62% | 0.62% | 0.63% | 0.63% | 0.64% |
| New London | 0.59% | 0.59% | 0.60% | 0.60% | 0.67% |
| Thomasville | 0.63% | 0.64% | 1.16% | 1.35% | 1.36% |
| Welcome | N/A | N/A | N/A | N/A | N/A |
| Winston Salem | 0.64% | 0.64% | 0.67% | 0.69% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Davidson County, North Carolina
In Davidson 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 Davidson 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 Davidson 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. Being aware of these valuation processes in Davidson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. High Point has the highest median tax bill at $1,814, while Welcome has the lowest at $488.
Property Tax Assessment Values Across Davidson County, North Carolina
Source: Ownwell
$116,290
$202,910
$289,530
Average Davidson County Assessed Value
$147,820
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Davidson County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clemmons | $112,825 | $169,862 | $228,485 | $327,775 | $424,833 |
| Denton | $45,500 | $83,430 | $135,860 | $216,250 | $394,130 |
| High Point | $104,850 | $147,602 | $194,535 | $304,825 | $516,459 |
| Kernersville | $84,803 | $135,365 | $189,370 | $306,180 | $387,785 |
| Lexington | $50,730 | $90,700 | $142,910 | $215,720 | $315,050 |
| Linwood | $40,852 | $78,645 | $116,290 | $175,260 | $235,152 |
| New London | $44,450 | $129,458 | $289,530 | $378,212 | $455,545 |
| Thomasville | $57,560 | $85,272 | $121,885 | $170,152 | $242,249 |
| Welcome | N/A | N/A | N/A | N/A | N/A |
| Winston Salem | $95,656 | $143,590 | $191,120 | $273,965 | $384,006 |
Source: Ownwell
Property Tax Bills Across Davidson County, North Carolina
In Davidson County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The median home price in Davidson County is $147,820. Homeowners in this area can expect a range of property tax bills, with the 25th percentile at $730 and the 75th percentile at $1,669. For those in the 90th percentile, the tax bill can reach up to $2,359. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. The local tax rate is applied to the assessed value to determine the amount owed. Homeowners in Davidson County face a property tax rate that is competitive when compared to the national median property tax rate of 0.99%. The impact on homeowners varies, with cities like High Point seeing the highest median tax bill at $1,814, while Welcome has the lowest at $488. Understanding these factors helps homeowners anticipate and manage their annual property tax obligations effectively.
Average Davidson County Tax Bill
$1,125
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Davidson County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Clemmons | $637 | $1,061 | $1,433 | $1,998 | $2,602 |
| Denton | $277 | $567 | $965 | $1,558 | $2,431 |
| High Point | $881 | $1,193 | $1,814 | $2,745 | $4,198 |
| Kernersville | $414 | $833 | $1,213 | $1,879 | $2,545 |
| Lexington | $376 | $655 | $1,011 | $1,545 | $2,212 |
| Linwood | $243 | $474 | $696 | $1,083 | $1,421 |
| New London | $249 | $660 | $1,701 | $2,251 | $2,788 |
| Thomasville | $509 | $776 | $1,184 | $1,601 | $2,126 |
| Welcome | N/A | N/A | N/A | N/A | N/A |
| Winston Salem | $593 | $950 | $1,269 | $1,778 | $2,490 |
Source: Ownwell
Find your City
C
D
H
K
L
N
T
W