Advance, Davie County, North Carolina Property Taxes

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

Median Advance, NC effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Advance, NC home value: $245,800
Median annual Advance, NC tax bill: $2016, $384 lower than the national median property tax bill of $2,400.

How are property taxes in Davie calculated?

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

Last Updated March 1, 2025

Advance, Davie County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.8%

Estimate Property Tax Bill

$1,966

$1,825

Ownwell’s Advance Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Advance with just two data points. By entering your property's estimated assessed value, our calculator applies Advance’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 Davie County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Advance, Davie County, North Carolina

Local government entities in North Carolina, including Davie County, determine tax rates that can vary significantly across the state. Each year, counties like Davie estimate their required budgets to provide essential services and divide this by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While setting these rates and budgets involves votes and laws, this is the essence of the annual process.

Advance in Davie County has an effective property tax rate of 0.80%, which aligns with the median tax rate for the state. This rate is notably lower than the national median property tax rate of 1.02%. When comparing Advance's property tax rate to other cities in North Carolina, it stands out as both the highest and lowest median rate within its zip code, offering residents a relatively favorable tax environment. This advantageous rate can make a significant difference in overall tax bills, especially when contrasted with the national median property tax bill of $2,400.

Property Tax Rates Across Advance, Davie County, North Carolina

Source: Ownwell

0.77%

1.11%

1.44%

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 Advance Tax Rate

0.80%

Median Effective Davie County Tax Rate

0.77%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Advance, Davie County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27006	0.77%	0.77%	0.80%	0.82%	1.06%

Source: Ownwell

Property Tax Assessment Values Across Advance, Davie County, North Carolina

When examining property taxes in Advance, 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 Davie County Appraisal District 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 Davie County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Advance. For example, the median home price in Advance is $245,800, with tax bills ranging significantly across the county. Zip code 27006 has the highest median home price at $245,800.

Property Tax Assessment Values Across Advance, Davie County, North Carolina

Source: Ownwell

$59,660

$152,730

$245,800

Median Advance Market Value

$245,800

Median Davie County Market Value

$176,350

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Advance, Davie County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27006	$114,076	$164,468	$245,800	$347,468	$473,505

Source: Ownwell

Property Tax Bills Across Advance, Davie County, North Carolina

In Advance, located in Davie County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Advance is $245,800, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Homeowners in Advance typically face a median property tax bill of $2,016, which is below the national median of $2,400. Tax bills can vary significantly, with the 25th percentile at $1,327 and the 75th percentile reaching $2,850, reflecting differences in property values and assessments. For homeowners, these tax bills can impact monthly budgets and overall financial planning. However, Ownwell can assist homeowners in Advance by providing property tax appeal services. By reviewing the assessed value of a property and identifying potential discrepancies, Ownwell can help homeowners potentially reduce their tax bills, ensuring they pay only their fair share. This service can lead to significant savings and financial relief for homeowners.

Property Tax Bills Across Advance, Davie County, North Carolina

Source: Ownwell

$848

$1,432

$2,016

Median Advance Tax Bill

$2,016

Median Davie County Tax Bill

$1,442

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Advance, Davie County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27006	$884	$1,327	$2,016	$2,850	$3,990

Source: Ownwell