Yadkinville, North Carolina Property Taxes
The median property tax rate in Yadkinville, 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 $193,995 in Yadkinville, the typical annual property tax bill amounts to $1,163, significantly below the national median of $2,690. Property taxes in Yadkinville are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Yadkinville'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 Yadkinville or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yadkinville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$1,494
-$15,655
Ownwell’s Yadkinville Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Yadkinville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Yadkinville to provide an estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities. For those interested in more specific trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county for tax purposes, includes any applicable exemptions, ensuring an accurate estimation.
Property Tax Rates Across Yadkinville, North Carolina
Property taxes in Yadkinville, 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 Yadkinville is 0.77%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Yadkinville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yadkinville 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 Yadkinville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27055 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 areas compare with Yadkinville 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 Yadkinville 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 Yadkinville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27055 | 0.44% | 0.65% | 0.77% | 0.77% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Yadkinville, North Carolina
In Yadkinville, 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 Yadkinville, 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 Yadkinville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Yadkinville is $193,995, with the highest and lowest median tax bills both being $1,163 in the zip code 27055.
Property Tax Assessment Values Across Yadkinville, North Carolina
Source: Ownwell
$59,660
$152,730
$245,800
Average Yadkinville Assessed Value
$193,995
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 Yadkinville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27055 | $68,049 | $135,625 | $193,995 | $240,590 | $377,408 |
Source: Ownwell
Property Tax Bills Across Yadkinville, North Carolina
In Yadkinville, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Yadkinville, the median home price is $193,995. Property tax bills can vary significantly, with the 25th percentile at $1,031 and the 75th percentile reaching $1,670. The highest median tax bill recorded in the area is $1,163, indicating some consistency in tax rates across different properties. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential public services such as schools, infrastructure, and emergency services. Homeowners in Yadkinville should be aware of these factors as they directly impact their financial planning and overall cost of homeownership. Comparing this to the national median property tax rate of 0.99%, Yadkinville's rates are relatively moderate, offering a balanced approach to property taxation.
Average Yadkinville Tax Bill
$1,163
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 Yadkinville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27055 | $344 | $1,031 | $1,163 | $1,670 | $2,395 |
Source: Ownwell