Kernersville, North Carolina Property Taxes
The median property tax rate in Kernersville, NC is 0.85%, slightly lower than the national median of 0.99% but marginally higher than the North Carolina state median of 0.82%. With a median home value of $313,550 in Kernersville, the typical annual property tax bill amounts to $2,741, which is just under the national median of $2,690. Property taxes in Kernersville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as 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 Guilford 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
0.85%
Estimate Property Tax Bill
$2,665
$2,473
Ownwell’s Kernersville Property Tax Bill Calculator aids homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Kernersville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Kernersville to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Kernersville, North Carolina
Property taxes in Kernersville, North Carolina, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Kernersville is 0.85%, which is lower than the U.S. national median of 0.99%. Local government entities in Kernersville set these rates annually, and they can vary 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 Guilford County and the national median. For comparison, the zip code 27284 has both the highest and lowest median property tax rate of 0.85%. Understanding how these areas compare with Kernersville provides valuable insights into the varying tax landscape across Guilford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kernersville Tax Rate
0.85%
Average Guilford County Tax Rate
1.35%
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 | 0.83% | 0.83% | 0.85% | 0.85% | 0.91% |
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 Guilford 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. 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. The highest and lowest median tax bills in Kernersville, both at $2,741, are found in the 27284 zip code.
Property Tax Assessment Values Across Kernersville, North Carolina
Source: Ownwell
$15,000
$189,700
$364,400
Average Kernersville Assessed Value
$313,550
Average Guilford County Assessed Value
$164,700
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 | $80,000 | $168,600 | $313,550 | $480,125 | $611,240 |
Source: Ownwell
Property Tax Bills Across Kernersville, North Carolina
In Kernersville, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the Guilford County tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Homeowners in Kernersville experience a range of tax bills, with the 25th percentile at $1,415 and the 75th percentile reaching $4,021. The 90th percentile tax bill can go up to $5,101. Factors influencing the tax bill include the home's market value, any applicable exemptions, and the specific tax rate set by local government authorities. The median home price in Kernersville is $313,550, and the median tax bill stands at $2,741, which aligns with the national median property tax rate of 0.99%. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially influencing decisions on home purchases and financial planning. Conversely, lower tax bills can make homeownership more affordable and attractive.
Average Kernersville Tax Bill
$2,741
Average Guilford County Tax Bill
$1,922
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 | $680 | $1,415 | $2,741 | $4,021 | $5,101 |
Source: Ownwell