Mocksville, North Carolina Property Taxes
The median property tax rate in Mocksville, NC is 0.77%, 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 $146,930 in Mocksville, the typical annual property tax bill amounts to $1,178, significantly below the national median of $2,690. Property taxes in Mocksville are calculated based on the assessed value, which often is less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Mocksville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mocksville or another part of Davie County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mocksville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$1,131
-$11,857
Ownwell’s MOCKSVILLE Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in MOCKSVILLE using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in MOCKSVILLE to estimate your property tax bill. This valuable tool provides a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the county-assigned value used for property tax calculations, including any applicable exemptions.
Property Tax Rates Across Mocksville, North Carolina
Property taxes in Mocksville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mocksville is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Mocksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mocksville 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 Mocksville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27028 zip code has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these cities compare with Mocksville provides valuable insights into the varying tax landscape across Davie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mocksville Tax Rate
0.77%
Average Davie County Tax Rate
0.77%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mocksville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27028 | 0.57% | 0.77% | 0.77% | 0.79% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Mocksville, North Carolina
In Mocksville, 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 Davie 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 Mocksville, 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 Mocksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,178 in the 27028 zip code, which is the same as the lowest median tax bill, highlighting a consistent tax environment in Mocksville.
Property Tax Assessment Values Across Mocksville, North Carolina
Source: Ownwell
$59,660
$152,730
$245,800
Average Mocksville Assessed Value
$146,930
Average Davie County Assessed Value
$176,350
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mocksville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27028 | $62,438 | $97,610 | $146,930 | $222,885 | $343,596 |
Source: Ownwell
Property Tax Bills Across Mocksville, North Carolina
In Mocksville, Davie County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Mocksville can expect a median home price of approximately $146,930. The property tax rate in this region is applied to the assessed value to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and any improvements made to the home. For instance, the 25th percentile tax bill in Mocksville stands at $767, while the 75th percentile reaches $1,746, and the 90th percentile can be as high as $2,486. This variation highlights how different property characteristics and values can affect the overall tax burden on homeowners. Compared to the national median property tax rate of 0.99%, Mocksville’s rates can vary significantly, impacting household budgets. Homeowners should be aware of these factors to better understand their property tax liabilities and plan accordingly.
Average Mocksville Tax Bill
$1,178
Average Davie County Tax Bill
$1,442
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Mocksville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27028 | $470 | $767 | $1,178 | $1,746 | $2,486 |
Source: Ownwell