Pilot Mountain, North Carolina Property Taxes
The median property tax rate in Pilot Mountain, 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 $142,550 in Pilot Mountain, the typical annual property tax bill is around $648, which is well below the national median of $2,690. Property taxes in Pilot Mountain 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 Pilot Mountain'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 Pilot Mountain or another part of Surry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pilot Mountain, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$784
$728
Ownwell’s PILOT MOUNTAIN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PILOT MOUNTAIN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PILOT MOUNTAIN 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 Pilot Mountain, North Carolina
Property taxes in Pilot Mountain, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Pilot Mountain is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Pilot Mountain set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pilot Mountain 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 Pilot Mountain's effective property tax rate to other areas and the national median. For comparison, the zip code 27041 has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these figures compare with Pilot Mountain 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 Pilot Mountain 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 Pilot Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27041 | 0.10% | 0.52% | 0.55% | 0.55% | 0.55% |
Source: Ownwell
Property Tax Assessment Values Across Pilot Mountain, North Carolina
In Pilot Mountain, 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 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 Pilot Mountain, 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 Pilot Mountain helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $648 in the 27041 zip code, which also has the lowest median tax bill at the same value.
Property Tax Assessment Values Across Pilot Mountain, North Carolina
Source: Ownwell
$79,385
$110,968
$142,550
Average Pilot Mountain Assessed Value
$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 Pilot Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27041 | $64,754 | $92,490 | $142,550 | $227,980 | $340,178 |
Source: Ownwell
Property Tax Bills Across Pilot Mountain, North Carolina
In Pilot Mountain, property tax bills are calculated based on the assessed value of a home. The local government determines this value, which is then multiplied by the tax rate to compute the annual tax bill. For instance, with a median home price of $142,550, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $382, while those in the 75th percentile pay approximately $1,051. The 90th percentile sees tax bills as high as $1,627. Factors such as property size, location, and improvements can influence the assessed value, directly impacting the tax bill. Compared to the national median property tax rate of 0.99%, Pilot Mountain's rates are relatively moderate, offering some relief to homeowners. Understanding these variables helps homeowners anticipate their financial responsibilities and plan accordingly. The highest and lowest median tax bills in the area are both $648, indicating a consistent tax burden within the 27041 zip code.
Average Pilot Mountain Tax Bill
$648
Average Surry County Tax Bill
$544
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pilot Mountain, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27041 | $155 | $382 | $648 | $1,051 | $1,627 |
Source: Ownwell