Clemmons, North Carolina Property Taxes
The median property tax rate in Clemmons, NC is 0.93%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Clemmons at $246,700, the typical annual property tax bill reaches $2,171, which is below the national median of $2,690. Property taxes in Clemmons are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clemmons' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Clemmons 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
Clemmons, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.93%
Estimate Property Tax Bill
$2,294
$2,129
Ownwell’s Clemmons Property Tax Bill Calculator assists homeowners, real estate investors, and prospective buyers in estimating their annual property taxes in Clemmons with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Clemmons to provide an estimated property tax bill. This valuable tool helps you grasp potential tax obligations. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the figure assigned by Forsyth County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Clemmons, North Carolina
Property taxes in Clemmons, 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 Clemmons is 0.93%, which is slightly below 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' effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27012 has both the highest and lowest median property tax rate of 0.93%. Understanding how these figures compare with Clemmons 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 Clemmons Tax Rate
0.93%
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 Clemmons, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27012 | 0.74% | 0.74% | 0.93% | 0.95% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Clemmons, 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 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 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 highest and lowest median tax bills in Clemmons are both $2,171, found in zip code 27012.
Property Tax Assessment Values Across Clemmons, North Carolina
Source: Ownwell
$36,300
$196,950
$357,600
Average Clemmons Assessed Value
$246,700
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 Clemmons, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27012 | $129,800 | $182,000 | $246,700 | $325,900 | $413,720 |
Source: Ownwell
Property Tax Bills Across Clemmons, North Carolina
In Clemmons, Forsyth County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, the median home price in Clemmons is $246,700, and property tax bills vary significantly across different percentiles. Homeowners in the 25th percentile can expect to pay around $1,525 annually, while those in the 75th percentile might see bills closer to $2,830. At the 90th percentile, tax bills can reach up to $3,557. The median tax bill in the area is $2,171, which is higher than the national median property tax rate of 0.99%. These property taxes fund essential community services such as schools, emergency services, and infrastructure, impacting homeowners by contributing to the overall quality of life in Clemmons.
Average Clemmons Tax Bill
$2,171
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 Clemmons, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27012 | $1,164 | $1,525 | $2,171 | $2,830 | $3,557 |
Source: Ownwell