Mount Airy, North Carolina Property Taxes
The median property tax rate in Mount Airy, NC is 0.55%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $105,450 in Mount Airy, the typical annual property tax bill amounts to $518, well below the national median of $2,690. Property taxes in Mount Airy are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mount Airy'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 Mount Airy 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
Mount Airy, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$580
$538
Ownwell’s MOUNT AIRY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOUNT AIRY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOUNT AIRY 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 Mount Airy, North Carolina
Property taxes in Mount Airy, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Airy is 0.55%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Mount Airy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Airy 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 Mount Airy's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27030 zip code has the highest median property tax rate of 0.55%, while the 27030 zip code also has the lowest median tax rate of 0.55%. Understanding how these cities compare with Mount Airy provides valuable insights into the varying tax landscape across Surry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Airy Tax Rate
0.55%
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 Mount Airy, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27030 | 0.21% | 0.55% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Mount Airy, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mount Airy, North Carolina. 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 Surry 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 Mount Airy, 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. For instance, in the 27030 zip code, the median tax bill is $518, which is significantly lower than the national median property tax rate of 0.99%. Being aware of these valuation processes in Mount Airy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mount Airy, North Carolina
Source: Ownwell
$79,385
$110,968
$142,550
Average Mount Airy Assessed Value
$105,450
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 Mount Airy, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27030 | $49,712 | $74,000 | $105,450 | $156,450 | $239,506 |
Source: Ownwell
Property Tax Bills Across Mount Airy, North Carolina
In Mount Airy, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is meant to reflect the market value of the property. Homeowners in this region can expect their tax bills to vary significantly, with the 25th percentile paying around $314 annually and the 75th percentile facing bills close to $795. For those at the 90th percentile, the tax bill can reach up to $1,212. The median home price in Mount Airy stands at $105,450, which is relatively affordable compared to national figures. However, the property tax rate in Surry County impacts how much homeowners ultimately pay. The highest median tax bill recorded in the 27030 zip code is $518, which aligns with the lowest median tax bill in the same area, indicating a consistent tax rate across the region. These factors together influence how much residents contribute towards local services and infrastructure through their property taxes.
Average Mount Airy Tax Bill
$518
Average Surry County Tax Bill
$544
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Airy, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27030 | $153 | $314 | $518 | $795 | $1,212 |
Source: Ownwell