Bethania, North Carolina Property Taxes
The median property tax rate in Bethania, NC is 0.54%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Bethania at $261,900, the typical annual property tax bill amounts to $1,410, which is well below the national median of $2,690. Property taxes in Bethania are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Bethania'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 Bethania or another part of Forsyth County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bethania, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$1,414
Ownwell’s Bethania Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Bethania with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethania to provide an estimate of 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bethania, North Carolina
Property taxes in Bethania, North Carolina, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethania is 0.54%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Bethania set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bethania 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 Bethania's effective property tax rate to other areas in Forsyth County and the national median. For comparison, the 27010 zip code has the highest median property tax rate of 0.54%, while the 27010 zip code also has the lowest median tax rate of 0.54%. Understanding how these areas compare with Bethania 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 Bethania Tax Rate
0.54%
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 Bethania, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27010 | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Bethania, North Carolina
In Bethania, North Carolina, understanding the distinction between "market value" and "assessed value" is essential for grasping property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Forsyth County Appraisal District for tax purposes. Conversely, 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 Bethania, 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 Bethania helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bethania are both $1410, found in the zip code 27010.
Property Tax Assessment Values Across Bethania, North Carolina
Source: Ownwell
$36,300
$196,950
$357,600
Average Bethania Assessed Value
$261,900
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 Bethania, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27010 | $261,900 | $261,900 | $261,900 | $261,900 | $261,900 |
Source: Ownwell
Property Tax Bills Across Bethania, North Carolina
In Bethania, Forsyth County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the market value of the property. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. For homeowners in Bethania, the median home price is $261,900. The property tax rate in this region is relatively consistent, resulting in a median tax bill of $1,410. This figure remains the same across various percentiles—25th, 75th, and 90th—indicating a uniform tax rate application. Compared to the national median property tax rate of 0.99%, Bethania's tax rate translates to a predictable and manageable tax burden for homeowners. Understanding the assessed value and tax rate helps homeowners anticipate their annual tax bills, which are crucial for budgeting and financial planning. It ensures that property taxes remain a consistent and expected part of homeownership in Bethania.
Average Bethania Tax Bill
$1,410
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 Bethania, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27010 | $1,410 | $1,410 | $1,410 | $1,410 | $1,410 |
Source: Ownwell