Stokes County Property Taxes
The median property tax rate in Stokes County is 0.74%, 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 Stokes County at $130,100, the typical annual property tax bill is $951, significantly below the national median of $2,690. Property taxes in Stokes County are calculated based on the tax assessed value, often lower than the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Stokes County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in King or another part of Stokes County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stokes County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$963
$893
Ownwell’s Stokes County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stokes County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Stokes 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's 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 Stokes County, North Carolina
Property taxes in Stokes County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Stokes County is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Stokes County set these rates annually, and they can vary significantly between different areas within the county. Each year, Stokes 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. The following data compares Stokes County's effective property tax rate with other counties in the U.S. national median. For comparison, the city of Belews Creek has one of the higher property tax rates in North Carolina at 0.74%, while also being among the lowest at 0.74%. Analyzing how Stokes County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Stokes County Tax Rate
0.74%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stokes County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belews Creek | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
| Danbury | 0.42% | 0.74% | 0.74% | 0.74% | 0.74% |
| Germanton | 0.49% | 0.74% | 0.74% | 0.74% | 0.74% |
| King | 0.74% | 0.74% | 0.74% | 1.13% | 1.13% |
| Lawsonville | 0.37% | 0.61% | 0.74% | 0.74% | 0.74% |
| Madison | 0.43% | 0.74% | 0.74% | 0.74% | 0.74% |
| Mayodan | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
| Mount Airy | 0.42% | 0.74% | 0.74% | 0.74% | 0.74% |
| Pilot Mountain | 0.43% | 0.74% | 0.74% | 0.74% | 0.74% |
| Pine Hall | 0.50% | 0.74% | 0.74% | 0.74% | 0.74% |
| Pinnacle | 0.48% | 0.74% | 0.74% | 0.74% | 0.74% |
| Rural Hall | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
| Sandy Ridge | 0.42% | 0.74% | 0.74% | 0.74% | 0.74% |
| Stokesdale | 0.74% | 0.74% | 0.74% | 0.74% | 0.74% |
| Tobaccoville | 0.59% | 0.74% | 0.74% | 0.74% | 0.74% |
| Walnut Cove | 0.55% | 0.74% | 0.74% | 0.74% | 1.06% |
| Westfield | 0.40% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Stokes County, North Carolina
In Stokes 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 Stokes 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 Stokes 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, Stokesdale has the highest median tax bill at $4,254, while Belews Creek has the lowest at $619. Being aware of these valuation processes in Stokes 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 Stokes County, North Carolina
Source: Ownwell
$83,700
$329,300
$574,900
Average Stokes County Assessed Value
$130,100
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stokes County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belews Creek | $32,420 | $55,850 | $83,700 | $103,150 | $148,220 |
| Danbury | $29,900 | $68,050 | $113,800 | $166,850 | $244,020 |
| Germanton | $54,960 | $89,725 | $147,700 | $214,925 | $303,890 |
| King | $78,800 | $108,900 | $147,100 | $205,575 | $299,460 |
| Lawsonville | $51,560 | $82,650 | $124,400 | $188,350 | $291,140 |
| Madison | $42,570 | $76,075 | $108,400 | $164,375 | $249,400 |
| Mayodan | $113,300 | $113,300 | $113,300 | $113,300 | $113,300 |
| Mount Airy | $30,010 | $57,325 | $109,000 | $158,075 | $249,260 |
| Pilot Mountain | $39,650 | $80,700 | $122,550 | $196,725 | $298,320 |
| Pine Hall | $40,880 | $65,200 | $106,450 | $166,750 | $233,720 |
| Pinnacle | $47,100 | $83,700 | $128,300 | $215,350 | $339,380 |
| Rural Hall | $54,110 | $91,725 | $140,900 | $198,125 | $291,600 |
| Sandy Ridge | $40,400 | $73,300 | $105,500 | $160,350 | $249,200 |
| Stokesdale | $186,300 | $230,100 | $574,900 | $708,600 | $1,764,840 |
| Tobaccoville | $68,890 | $101,125 | $132,800 | $203,350 | $362,770 |
| Walnut Cove | $41,800 | $76,700 | $114,200 | $171,600 | $254,900 |
| Westfield | $44,100 | $79,800 | $123,100 | $196,500 | $295,220 |
Source: Ownwell
Property Tax Bills Across Stokes County, North Carolina
In Stokes County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the county's property assessors. Homeowners in Stokes County can expect a median home price of $130,100, with property tax bills varying significantly depending on the property's assessed value and location. For instance, the 25th percentile tax bill is around $617, while the 75th percentile tax bill reaches up to $1,512. The top 10% of homeowners pay as much as $2,220 in property taxes. In comparison, Stokesdale has the highest median tax bill at $4,254, whereas Belews Creek has the lowest at $619. These figures highlight the range of property tax burdens within the county, influenced by factors such as property value, location, and local tax rates. Homeowners should be aware of these variables as they significantly impact annual tax obligations.
Average Stokes County Tax Bill
$951
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Stokes County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belews Creek | $240 | $413 | $619 | $763 | $1,097 |
| Danbury | $219 | $444 | $766 | $1,151 | $1,611 |
| Germanton | $331 | $638 | $1,036 | $1,496 | $2,008 |
| King | $537 | $809 | $1,249 | $1,888 | $2,728 |
| Lawsonville | $322 | $510 | $818 | $1,168 | $1,820 |
| Madison | $292 | $520 | $741 | $1,076 | $1,565 |
| Mayodan | $838 | $838 | $838 | $838 | $838 |
| Mount Airy | $222 | $397 | $663 | $1,022 | $1,544 |
| Pilot Mountain | $270 | $540 | $865 | $1,342 | $2,055 |
| Pine Hall | $292 | $437 | $718 | $1,124 | $1,662 |
| Pinnacle | $305 | $579 | $889 | $1,455 | $2,212 |
| Rural Hall | $353 | $615 | $1,024 | $1,670 | $2,075 |
| Sandy Ridge | $271 | $481 | $730 | $1,075 | $1,644 |
| Stokesdale | $1,379 | $1,703 | $4,254 | $5,244 | $13,060 |
| Tobaccoville | $441 | $711 | $953 | $1,462 | $2,483 |
| Walnut Cove | $303 | $559 | $841 | $1,281 | $1,853 |
| Westfield | $297 | $517 | $825 | $1,252 | $1,906 |
Source: Ownwell