Clemmons, Davidson County, North Carolina Property Taxes
The median property tax rate in Clemmons, NC is 0.64%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $228,485 in Clemmons, the typical annual property tax bill amounts to $1,433, which is considerably less than the national median of $2,690. Property taxes in Clemmons are determined based on the assessed value, which is usually lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Clemmons' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Clemmons or another part of Davidson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clemmons, Davidson County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,462
$1,357
Ownwell’s Clemmons Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clemmons with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clemmons 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 Davidson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Clemmons, Davidson County, North Carolina
Property taxes in Clemmons, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clemmons is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Clemmons set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clemmons 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 Clemmons's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27012 zip code has the highest median property tax rate of 0.64%, while the same 27012 zip code also has the lowest median tax rate of 0.64%. Understanding how these cities compare with Clemmons provides valuable insights into the varying tax landscape across Davidson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clemmons Tax Rate
0.64%
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 Clemmons, Davidson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27012 | 0.60% | 0.64% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Clemmons, Davidson County, North Carolina
In Clemmons, 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 Davidson 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 Clemmons, 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 Clemmons helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Clemmons is $228,485, with the 25th percentile tax bill at $1,061 and the 75th percentile tax bill at $1,998. The highest and lowest median tax bills both stand at $1,433, specifically in the 27012 zip code.
Property Tax Assessment Values Across Clemmons, Davidson County, North Carolina
Source: Ownwell
$116,290
$202,910
$289,530
Average Clemmons Assessed Value
$228,485
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 Clemmons, Davidson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27012 | $112,825 | $169,862 | $228,485 | $327,775 | $424,833 |
Source: Ownwell
Property Tax Bills Across Clemmons, Davidson County, North Carolina
In Clemmons, located in Davidson County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $228,485, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $1,061, while at the 75th percentile, it rises to approximately $1,998. The 90th percentile sees tax bills as high as $2,602. This taxation method ensures that property taxes are proportionate to the property’s value, impacting homeowners differently based on their property’s worth. Compared to the national median property tax rate of 0.99%, Clemmons offers a competitive rate, making it an attractive location for homeowners. The highest and lowest median tax bills in the area both stand at $1,433, indicating a consistent tax environment within the 27012 zip code.
Average Clemmons Tax Bill
$1,433
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 Clemmons, Davidson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27012 | $637 | $1,061 | $1,433 | $1,998 | $2,602 |
Source: Ownwell