Iredell County Property Taxes
The median property tax rate in Iredell County is 0.64%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Iredell County at $268,560, the typical annual property tax bill amounts to $2,001, which is below the national median of $2,690. Property taxes in Iredell County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Iredell County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Statesville or another part of Iredell County, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Iredell County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,719
$1,595
Ownwell’s Iredell County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Iredell County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Iredell County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Iredell County, North Carolina
Property taxes in Iredell County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Iredell County is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Iredell County set these rates annually, and they can vary significantly between different areas within the county. Each year, Iredell County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Mooresville has one of the higher property tax rates in the region at 0.85%, while the city of Davidson boasts one of the lowest at 0.60%. Analyzing how Iredell County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Iredell County Tax Rate
0.64%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Iredell County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cleveland | 0.45% | 0.60% | 0.63% | 0.65% | 0.71% |
| Davidson | 0.59% | 0.60% | 0.60% | 0.60% | 0.61% |
| Hamptonville | 0.32% | 0.59% | 0.63% | 0.66% | 0.76% |
| Harmony | 0.37% | 0.60% | 0.63% | 0.70% | 0.80% |
| Hiddenite | 0.30% | 0.58% | 0.62% | 0.64% | 0.68% |
| Mocksville | 0.21% | 0.40% | 0.62% | 0.70% | 0.93% |
| Mooresville | 0.60% | 0.60% | 0.85% | 1.18% | 1.20% |
| Mount Mourne | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
| Mount Ulla | 0.57% | 0.61% | 0.62% | 0.65% | 0.78% |
| Olin | 0.34% | 0.59% | 0.62% | 0.64% | 0.70% |
| Statesville | 0.59% | 0.61% | 0.64% | 1.04% | 1.07% |
| Stony Point | 0.41% | 0.59% | 0.62% | 0.64% | 0.69% |
| Troutman | 0.60% | 0.61% | 0.64% | 1.11% | 1.12% |
| Union Grove | 0.32% | 0.59% | 0.61% | 0.65% | 0.71% |
| Yadkinville | 0.16% | 0.37% | 0.62% | 0.65% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Iredell County, North Carolina
In Iredell County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Iredell County Appraisal District. The assessed value, however, 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. Assessment notices in Iredell County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the median home price in Iredell County is $268,560, with tax bills ranging from $950 at the 25th percentile to $5,357 at the 90th percentile. Davidson has the highest median tax bill at $4,815, while Mount Mourne has the lowest at $509. Being aware of these valuation processes in Iredell County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Iredell County, North Carolina
Source: Ownwell
$118,825
$462,923
$807,020
Average Iredell County Assessed Value
$268,560
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Iredell County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cleveland | $32,545 | $92,085 | $140,260 | $253,275 | $402,245 |
| Davidson | $209,988 | $392,220 | $807,020 | $942,435 | $1,043,360 |
| Hamptonville | $34,222 | $70,660 | $126,080 | $255,670 | $394,446 |
| Harmony | $25,192 | $57,718 | $118,825 | $212,725 | $346,215 |
| Hiddenite | $56,500 | $103,755 | $152,160 | $249,350 | $436,790 |
| Mocksville | $17,588 | $49,990 | $151,270 | $371,740 | $450,478 |
| Mooresville | $147,550 | $271,585 | $405,260 | $591,685 | $1,004,690 |
| Mount Mourne | $128,540 | $128,540 | $128,540 | $128,540 | $128,540 |
| Mount Ulla | $120,542 | $163,720 | $228,300 | $327,000 | $488,070 |
| Olin | $38,780 | $93,945 | $182,005 | $287,410 | $452,079 |
| Statesville | $42,000 | $96,010 | $176,145 | $274,038 | $388,859 |
| Stony Point | $22,470 | $72,375 | $146,790 | $276,500 | $444,720 |
| Troutman | $70,917 | $167,292 | $309,555 | $440,235 | $706,096 |
| Union Grove | $38,425 | $82,500 | $172,450 | $309,785 | $456,156 |
| Yadkinville | $69,226 | $91,970 | $147,620 | $232,320 | $366,206 |
Source: Ownwell
Property Tax Bills Across Iredell County, North Carolina
In Iredell County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Iredell County pay a median property tax bill that varies significantly depending on the value of their property. For example, the 25th percentile tax bill is around $950, while the 75th percentile tax bill can reach up to $3,910, and the 90th percentile can be as high as $5,357. Several factors influence the tax bill, including property location, improvements, and market conditions. In comparison, Davidson has the highest median tax bill at $4,815, whereas Mount Mourne has the lowest at $509. With a national median property tax rate of 0.99%, Iredell County's tax rates and bills can have a significant impact on homeowners' finances, making it crucial for them to understand these factors when budgeting for homeownership.
Average Iredell County Tax Bill
$2,001
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Iredell County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Cleveland | $236 | $534 | $834 | $1,421 | $2,107 |
| Davidson | $1,069 | $2,259 | $4,815 | $5,620 | $6,216 |
| Hamptonville | $242 | $423 | $701 | $1,309 | $2,016 |
| Harmony | $188 | $351 | $694 | $1,171 | $1,796 |
| Hiddenite | $267 | $516 | $888 | $1,353 | $2,381 |
| Mocksville | $156 | $207 | $781 | $1,642 | $2,053 |
| Mooresville | $1,174 | $2,333 | $3,819 | $5,068 | $6,483 |
| Mount Mourne | $509 | $509 | $509 | $509 | $509 |
| Mount Ulla | $669 | $1,054 | $1,455 | $1,919 | $2,622 |
| Olin | $245 | $536 | $998 | $1,566 | $2,144 |
| Statesville | $303 | $672 | $1,207 | $1,988 | $3,019 |
| Stony Point | $148 | $424 | $822 | $1,494 | $2,317 |
| Troutman | $468 | $1,154 | $2,286 | $3,967 | $5,239 |
| Union Grove | $250 | $475 | $848 | $1,562 | $2,197 |
| Yadkinville | $269 | $535 | $787 | $1,062 | $1,467 |
Source: Ownwell