Drexel, Burke County, North Carolina Property Taxes

Name: Property Tax Bills Across Drexel, Burke County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Drexel, NC effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median Drexel, NC home value: $57,056
Median annual Drexel, NC tax bill: $408, $1,992 lower than the national median property tax bill of $2,400.

How are property taxes in Burke calculated?

Property taxes in Drexel, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Drexel’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Drexel, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Drexel, Burke County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.72%

Estimate Property Tax Bill

$411

$381

Ownwell’s Drexel Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Drexel with just two data points.

By entering your property's estimated assessed value, our calculator applies Drexel’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Burke County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Drexel, Burke County, North Carolina

Local government entities set tax rates, which can vary widely within a state. This is because each county estimates its required budget annually to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell. Drexel, located in Burke County, North Carolina, has an effective property tax rate of 0.72%, which is below the national median of 1.02%. This lower rate can be attributed to various factors, including the county's budgetary needs and the total assessed property values. Homeowners in Drexel benefit from a more affordable property tax bill, which contrasts with the national median property tax bill of $2,400. This makes Drexel an attractive option for those looking to manage their property expenses effectively. Comparing Drexel's effective property tax rate to other cities in North Carolina and the median property tax rates in the state and the U.S. can provide valuable insights for potential homeowners and investors.

Property Tax Rates Across Drexel, Burke County, North Carolina

Source: Ownwell

0.69%

0.79%

0.89%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Drexel Tax Rate

0.72%

Median Effective Burke County Tax Rate

0.72%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Drexel, Burke County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28619	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Drexel, Burke County, North Carolina

When examining property taxes in Drexel, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Burke County Tax Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Burke County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Drexel.

For example, the median home price in Drexel is $57,056, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Drexel, Burke County, North Carolina

Source: Ownwell

$112,237

$281,582

$450,926

Median Drexel Market Value

$57,056

Median Burke County Market Value

$144,639

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Drexel, Burke County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28619	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Drexel, Burke County, North Carolina

In Drexel, located in Burke County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Drexel is $57,056, and property tax bills can vary significantly depending on the assessed value. For instance, homeowners at the 25th percentile pay around $393, while those at the 90th percentile face bills of approximately $437. These figures are notably lower than the national median property tax bill of $2,400.

Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Drexel benefit from relatively low property tax rates compared to the national median of 1.02%. However, even with these lower rates, it's crucial for homeowners to ensure their property is assessed accurately to avoid overpaying.

Ownwell can assist Drexel homeowners by providing expert property tax appeal services, potentially lowering their tax bills. Our team analyzes assessment data, identifies discrepancies, and advocates on behalf of homeowners, ensuring they pay only their fair share.

Property Tax Bills Across Drexel, Burke County, North Carolina

Source: Ownwell

$919

$1,957

$2,995

Median Drexel Tax Bill

$408

Median Burke County Tax Bill

$1,021

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Drexel, Burke County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28619	N/A	N/A	N/A	N/A	N/A

Source: Ownwell