Belews Creek, North Carolina Property Taxes
The median property tax rate in Belews Creek, NC is 0.79%, 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 Belews Creek at $176,550, the typical annual property tax bill amounts to $1,402, falling below the national median of $2,690. Property taxes in Belews Creek are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Belews Creek'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 Belews Creek or another part of Forsyth County, being informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belews Creek, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$1,395
$1,294
Ownwell’s Belews Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belews Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belews Creek 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 Forsyth County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Belews Creek, North Carolina
Property taxes in Belews Creek, North Carolina, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belews Creek is 0.79%, lower than both the North Carolina state median of 0.84% and the U.S. national median of 0.99%. Local government entities within Belews Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belews Creek 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 Belews Creek's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27009 zip code has the highest median property tax rate of 0.79%, while the same zip code also has the lowest median tax rate of 0.79%. Understanding how these cities compare with Belews Creek provides valuable insights into the varying tax landscape across Forsyth County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belews Creek Tax Rate
0.79%
Average Forsyth County Tax Rate
1.31%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belews Creek, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27009 | 0.78% | 0.79% | 0.79% | 0.79% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Belews Creek, North Carolina
In Belews Creek, 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 Forsyth 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 Belews Creek, 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. With a median home price of $176,550, the tax bills can vary widely. For example, the 25th percentile tax bill is $949, while the 75th percentile tax bill is $2,127. The highest and lowest median tax bills both stand at $1,402 in the 27009 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Belews Creek, North Carolina
Source: Ownwell
$36,300
$196,950
$357,600
Average Belews Creek Assessed Value
$176,550
Average Forsyth County Assessed Value
$158,600
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belews Creek, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27009 | $78,780 | $130,625 | $176,550 | $293,425 | $449,760 |
Source: Ownwell
Property Tax Bills Across Belews Creek, North Carolina
In Belews Creek, Forsyth 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. Forsyth County's property tax rate is applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $176,550, homeowners can expect varying tax bills depending on their property's assessed value. The 25th percentile tax bill is around $949, while the 75th percentile reaches up to $2,127. More significantly, the 90th percentile tax bill can go as high as $3,310. These tax bills can significantly impact homeowners, as they need to budget for these annual expenses. Comparatively, Forsyth County's median tax bill of $1,402 is higher than the national median property tax rate of 0.99%, indicating a relatively greater financial burden on homeowners in this area.
Average Belews Creek Tax Bill
$1,402
Average Forsyth County Tax Bill
$1,755
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Belews Creek, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27009 | $572 | $949 | $1,402 | $2,127 | $3,310 |
Source: Ownwell