Property Taxes in New London, North Carolina
Median New London, North Carolina effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, and lower than the North Carolina state median of 0.81%.
Median New London, North Carolina home value: $287,635
Median annual New London, North Carolina tax bill: $1,676, $724 lower than the national median property tax bill of $2,400.
How are property taxes in Davidson calculated?
Property taxes in New London, North Carolina 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 New London's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New London, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the New London Property Tax Calculator Work?
Use this New London property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies New London’s median effective tax rate of 0.59% — based on actual property records in Davidson County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies New London’s median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within New London: rates range from 0.59% in 28127 to 0.59% in 28127, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across New London.
About New London Property Taxes
About Property Taxes in New London, Davidson, North Carolina
New London’s median effective property tax rate of 0.59% is lower than the North Carolina state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Davidson County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across New London. Homeowners in ZIP code 28127 carry a median effective rate of 0.59%, while those in the same ZIP also pay 0.59%. This spread reflects how school district boundaries and local assessment districts are drawn across Davidson County. Understanding which part of New London you live in can make a meaningful difference to your annual tax bill.
New London homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 4, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across New London, Davidson County, North Carolina
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide 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, in a nutshell, this is the annual process.
Below, you can compare New London's effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.
Our median effective property tax rate (tax bill Ă· 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 New London Tax Rate
0.59%
Our median effective property tax rate (tax bill Ă· 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 Davidson County Tax Rate
0.64%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across New London, Davidson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28127 | 0.59% | 0.59% | 0.59% | 0.59% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across New London, Davidson County, North Carolina
When examining property taxes in New London, North Carolina, 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 Davidson 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.
Assessment notices in Davidson County are sent in March each year and typically reach your mailbox by the middle of the month.
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. For example, the median home price in New London is $287,635, with a median tax bill of $1,676. That is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%.
Property Tax Assessment Values Across New London, Davidson County, North Carolina
Source: Ownwell
$119,655
$203,645
$287,635
Median New London Market Value
$287,635
Median Davidson County Market Value
$150,615
Median North Carolina Market Value
$221,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across New London, Davidson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28127 | $47,033 | $128,672 | $287,635 | $380,522 | $485,381 |
Source: Ownwell
Property Tax Bills Across New London, Davidson County, North Carolina
Property tax bills in New London are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessed value to determine the annual bill, so two homes with similar market values can still owe different amounts if their assessments differ. Factors such as property characteristics, location, and any local tax rate changes can all influence what a homeowner pays.
With a median home price of $287,635, the property tax burden can vary widely. The 25th percentile tax bill is $645, while the 75th percentile reaches $2,230 and the 90th percentile climbs to $2,854. The median tax bill in ZIP code 28127 is $1,676, showing how bills can differ even within the same area.
For homeowners, this means property taxes can have a meaningful impact on monthly housing costs and long-term affordability.
Property Tax Bills Across New London, Davidson County, North Carolina
Source: Ownwell
$700
$1,681
$2,662
Median New London Tax Bill
$1,676
Median Davidson County Tax Bill
$1,131
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$3,209
Property Tax Bills Across New London, Davidson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28127 | $272 | $645 | $1,676 | $2,230 | $2,854 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 30 |
Links | |
|---|---|
| Davidson Tax Assessor | |
| Website | taxsearch.co.davidson.nc.us |