Surry County Property Taxes
The median property tax rate in Surry County is 0.55%, which is 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 Surry County, the typical annual property tax bill reaches $544, which is well below the national median of $2,690. Property taxes in Surry County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Surry 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 Mount Airy or another part of Surry County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Surry County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$632
$586
Ownwell’s Surry County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Surry County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Surry 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 Surry County, North Carolina
Property taxes in Surry County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Surry County is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Surry County set these rates annually, and they can vary significantly between different areas within the county. Each year, Surry 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 Toast has one of the higher property tax rates in North Carolina at 0.55%, while the city of Boonville boasts one of the lowest at 0.55%. Analyzing how Surry County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Surry County Tax Rate
0.55%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Surry County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ararat | N/A | N/A | N/A | N/A | N/A |
| Boonville | 0.32% | 0.41% | 0.55% | 0.55% | 0.55% |
| Dobson | N/A | N/A | N/A | N/A | N/A |
| Elkin | 0.17% | 0.55% | 0.55% | 0.55% | 0.55% |
| Ennice | 0.55% | 0.55% | 0.55% | 0.55% | 0.55% |
| Lowgap | N/A | N/A | N/A | N/A | N/A |
| Mount Airy | 0.21% | 0.55% | 0.55% | 0.55% | 0.55% |
| Pilot Mountain | 0.10% | 0.52% | 0.55% | 0.55% | 0.55% |
| Pinnacle | N/A | N/A | N/A | N/A | N/A |
| Siloam | N/A | N/A | N/A | N/A | N/A |
| State Road | 0.12% | 0.50% | 0.55% | 0.55% | 0.55% |
| Thurmond | N/A | N/A | N/A | N/A | N/A |
| Toast | 0.55% | 0.55% | 0.55% | 0.56% | 0.58% |
| Westfield | 0.22% | 0.41% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Surry County, North Carolina
In Surry 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 Surry 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 Surry 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. The highest median tax bill in the county is in Ennice at $659, while the lowest is in Toast at $393. Being aware of these valuation processes in Surry 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 Surry County, North Carolina
Source: Ownwell
$79,385
$110,968
$142,550
Average Surry County Assessed Value
$114,900
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Surry County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ararat | N/A | N/A | N/A | N/A | N/A |
| Boonville | $61,210 | $70,600 | $86,250 | $122,595 | $144,402 |
| Dobson | N/A | N/A | N/A | N/A | N/A |
| Elkin | $56,288 | $79,500 | $119,420 | $174,880 | $257,264 |
| Ennice | $119,330 | $119,330 | $119,330 | $119,330 | $119,330 |
| Lowgap | N/A | N/A | N/A | N/A | N/A |
| Mount Airy | $49,712 | $74,000 | $105,450 | $156,450 | $239,506 |
| Pilot Mountain | $64,754 | $92,490 | $142,550 | $227,980 | $340,178 |
| Pinnacle | N/A | N/A | N/A | N/A | N/A |
| Siloam | N/A | N/A | N/A | N/A | N/A |
| State Road | $64,164 | $89,120 | $138,735 | $232,195 | $347,235 |
| Thurmond | N/A | N/A | N/A | N/A | N/A |
| Toast | $44,044 | $48,362 | $79,385 | $110,730 | $144,276 |
| Westfield | $66,476 | $87,888 | $112,620 | $161,328 | $217,231 |
Source: Ownwell
Property Tax Bills Across Surry County, North Carolina
In Surry County, NC, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is based on the market value of the property, which in Surry County has a median home price of $114,900. Various factors influence the assessed value, including property size, location, and condition. Homeowners in Surry County can expect property tax bills that vary widely depending on these factors. The tax bill at the 25th percentile is around $319, while at the 75th percentile, it rises to $854. For those at the 90th percentile, the tax bill can reach up to $1,336. Comparatively, the highest median tax bill is found in Ennice at $659, while the lowest is in Toast at $393. These figures illustrate the range of property tax burdens homeowners might face, highlighting the importance of understanding how property values and local tax rates impact annual tax obligations. The national median property tax rate is 0.99%, providing a benchmark for comparison.
Average Surry County Tax Bill
$544
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Surry County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ararat | N/A | N/A | N/A | N/A | N/A |
| Boonville | $326 | $361 | $419 | $447 | $465 |
| Dobson | N/A | N/A | N/A | N/A | N/A |
| Elkin | $159 | $336 | $553 | $855 | $1,270 |
| Ennice | $659 | $659 | $659 | $659 | $659 |
| Lowgap | N/A | N/A | N/A | N/A | N/A |
| Mount Airy | $153 | $314 | $518 | $795 | $1,212 |
| Pilot Mountain | $155 | $382 | $648 | $1,051 | $1,627 |
| Pinnacle | N/A | N/A | N/A | N/A | N/A |
| Siloam | N/A | N/A | N/A | N/A | N/A |
| State Road | $159 | $364 | $635 | $1,099 | $1,697 |
| Thurmond | N/A | N/A | N/A | N/A | N/A |
| Toast | $243 | $267 | $393 | $544 | $719 |
| Westfield | $218 | $344 | $543 | $705 | $1,028 |
Source: Ownwell