Stokesdale, North Carolina Property Taxes
The median property tax rate in Stokesdale, 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 Stokesdale at $357,600, the typical annual property tax bill is approximately $2,692, slightly above the national median of $2,690. Property taxes in Stokesdale 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 Stokesdale'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 Stokesdale or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stokesdale, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$2,825
$2,622
Ownwell’s Stokesdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stokesdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stokesdale 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 Stokesdale, North Carolina
Property taxes in Stokesdale, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stokesdale is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Stokesdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stokesdale 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 Stokesdale's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27357 has both the highest and lowest median property tax rate of 0.79%. Understanding how these areas compare with Stokesdale 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 Stokesdale 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 Stokesdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27357 | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Stokesdale, North Carolina
In Stokesdale, 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 Stokesdale, 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 Stokesdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Stokesdale is $2,692 in the 27357 zip code, which is also the lowest, providing a consistent benchmark for homeowners.
Property Tax Assessment Values Across Stokesdale, North Carolina
Source: Ownwell
$36,300
$196,950
$357,600
Average Stokesdale Assessed Value
$357,600
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 Stokesdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27357 | $278,290 | $303,700 | $357,600 | $421,000 | $514,730 |
Source: Ownwell
Property Tax Bills Across Stokesdale, North Carolina
In Stokesdale, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the Forsyth County tax assessor. The assessed value typically aims to reflect the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For a median home price of $357,600 in Stokesdale, homeowners can expect tax bills to vary. The 25th percentile tax bill is around $2,363, while the 75th percentile reaches approximately $3,189, and the 90th percentile climbs to $4,070. These figures illustrate the range of potential tax burdens depending on property valuation and specific tax rates applied. Understanding these factors is crucial for homeowners as property taxes significantly impact annual housing costs. With the national median property tax rate at 0.99%, Stokesdale's tax bills reflect a critical component of homeownership expenses in the region.
Average Stokesdale Tax Bill
$2,692
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 Stokesdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27357 | $1,425 | $2,363 | $2,692 | $3,189 | $4,070 |
Source: Ownwell