Mocksville, North Carolina Property Taxes
The median property tax rate in Mocksville, NC is 0.62%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Mocksville at $151,270, the typical annual property tax bill is $781, which is well below the national median of $2,690. Property taxes in Mocksville are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Mocksville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Mocksville 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
Mocksville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$938
Ownwell’s Mocksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mocksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mocksville 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 Mocksville, North Carolina
Property taxes in Mocksville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mocksville is 0.62%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Mocksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mocksville 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 Mocksville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27028 zip code has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these cities compare with Mocksville provides valuable insights into the varying tax landscape across Iredell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mocksville Tax Rate
0.62%
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 Mocksville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27028 | 0.21% | 0.40% | 0.62% | 0.70% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Mocksville, North Carolina
In Mocksville, 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 Davie 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 Mocksville, 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 Mocksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $781, found in the 27028 zip code.
Property Tax Assessment Values Across Mocksville, North Carolina
Source: Ownwell
$118,825
$462,923
$807,020
Average Mocksville Assessed Value
$151,270
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 Mocksville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27028 | $17,588 | $49,990 | $151,270 | $371,740 | $450,478 |
Source: Ownwell
Property Tax Bills Across Mocksville, North Carolina
In Mocksville, NC, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $151,270 in Mocksville, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill around $207, whereas those in the 75th percentile might see a bill close to $1,642. The highest median tax bill in the area is $781, recorded in the 27028 zip code. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, the tax rates and bills in Mocksville might offer some relief to homeowners. However, understanding these factors is crucial for homeowners to anticipate their financial obligations and plan accordingly.
Average Mocksville Tax Bill
$781
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 Mocksville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27028 | $156 | $207 | $781 | $1,642 | $2,053 |
Source: Ownwell