Kernersville, North Carolina Property Taxes
The median property tax rate in Kernersville, NC is 1.26%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Kernersville at $189,250, the typical annual property tax bill reaches $1,968, which is below the national median of $2,690. Property taxes in Kernersville 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 Kernersville'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 Kernersville 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
Kernersville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$2,385
$2,213
Ownwell’s Kernersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kernersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kernersville 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kernersville, North Carolina
Property taxes in Kernersville, 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 Kernersville is 1.26%, higher than the U.S. national median of 0.99%. Local government entities within Kernersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kernersville 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 Kernersville's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27284 has both the highest and lowest median property tax rate of 1.26%. Understanding how these cities compare with Kernersville 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 Kernersville Tax Rate
1.26%
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 Kernersville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27284 | 0.78% | 0.82% | 1.26% | 1.29% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Kernersville, North Carolina
In Kernersville, 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 Kernersville, 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. For instance, the median home price in Kernersville is $189,250, and the tax bill for the 25th percentile is $1,289, while the 75th percentile tax bill is $2,821. The highest and lowest median tax bills are both $1,968 in the 27284 zip code. 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 Kernersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kernersville, North Carolina
Source: Ownwell
$36,300
$196,950
$357,600
Average Kernersville Assessed Value
$189,250
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 Kernersville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27284 | $95,200 | $139,600 | $189,250 | $252,800 | $324,600 |
Source: Ownwell
Property Tax Bills Across Kernersville, North Carolina
In Kernersville, located in Forsyth County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the market value of the property. Homeowners in Kernersville can expect their property tax bills to vary significantly depending on the value of their homes. The median home price in the area is $189,250, and property tax bills can range widely. For instance, the 25th percentile tax bill is around $1,289, while the 75th percentile tax bill goes up to $2,821. At the 90th percentile, homeowners might see tax bills as high as $3,671. The highest median tax bill in the area is recorded at $1,968 in the 27284 zip code, which also happens to be the lowest median tax bill, indicating a consistent tax rate within this zip code. These property taxes can have a substantial impact on household budgets, making it essential for homeowners to understand how their tax bills are calculated and what factors influence them.
Average Kernersville Tax Bill
$1,968
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 Kernersville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27284 | $880 | $1,289 | $1,968 | $2,821 | $3,671 |
Source: Ownwell