Stokesdale, North Carolina Property Taxes
The median property tax rate in Stokesdale, NC is 0.83%, slightly higher than the North Carolina state median of 0.82% but below the national median of 0.99%. With a median home value of $204,900 in Stokesdale, the typical annual property tax bill amounts to $1,658, which is significantly lower than the national median of $2,690. Property taxes in Stokesdale are determined based on the tax assessed value, which is often less than the market value due to exemptions like 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, grasping 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
0.83%
Estimate Property Tax Bill
$1,701
Ownwell’s Stokesdale Property Tax Bill Calculator is an indispensable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Stokesdale. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Stokesdale to provide a clear estimate of your property tax bill. This tool is invaluable for understanding potential tax liabilities, helping you make informed financial decisions. For those interested in a more detailed analysis, you can explore trends at the neighborhood level by scrolling down for localized information. Remember, your property’s assessed value is determined by Guilford County and includes any applicable exemptions for accurate tax calculations.
Property Tax Rates Across Stokesdale, North Carolina
Property taxes in Stokesdale, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stokesdale is 0.83%, which is below 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 0.83%. Understanding how these cities compare with Stokesdale 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 Stokesdale Tax Rate
0.83%
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 Stokesdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27357 | 0.83% | 0.83% | 0.83% | 0.83% | 0.83% |
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 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 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. The highest median tax bill in the area is $1,658 in the 27357 zip code, which also has the lowest median tax bill at $1,658.
Property Tax Assessment Values Across Stokesdale, North Carolina
Source: Ownwell
$15,000
$189,700
$364,400
Average Stokesdale Assessed Value
$204,900
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 Stokesdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27357 | $60,000 | $102,100 | $204,900 | $354,600 | $475,760 |
Source: Ownwell
Property Tax Bills Across Stokesdale, North Carolina
In Stokesdale, property tax bills are determined based on the assessed value of a home, which is calculated by the Guilford County tax assessor. This value reflects the market value of the property. The tax rate, set by local government authorities, is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $204,900, homeowners might expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors such as property location, size, and improvements can influence the assessed value, and consequently, the tax bill. In Stokesdale, the 25th percentile tax bill is $789, while the 75th percentile reaches $2,869, and the 90th percentile goes up to $3,867. Compared to the national median property tax rate of 0.99%, these figures highlight the range of tax obligations homeowners might face. Understanding these factors can help homeowners better anticipate and manage their annual property tax expenses.
Average Stokesdale Tax Bill
$1,658
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 Stokesdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27357 | $403 | $789 | $1,658 | $2,869 | $3,867 |
Source: Ownwell