Gates County, North Carolina Property Taxes
Median Gates County effective property tax rate: 1.03%, slightly higher than the national median of 1.02%.
Median Gates County home value: $119,144
Median annual Gates County tax bill: $1,215, $1,185 lower than the national median property tax bill of $2,400.
How are property taxes in Gates County calculated?
Property taxes in Gates County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Gatesville or another part of Gates County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gates County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.03%
Estimate Property Tax Bill
$1,227
$1,139
Property Tax Rates Across Gates County, North Carolina
Local government entities in North Carolina set property tax rates, which can vary significantly across the state. Each year, Gates County, like others, estimates its budgetary needs for public services and divides this by the total value of all taxable properties within its borders. This calculation determines the property's assessed tax rate. While the process involves votes and laws, this is the essence of how property tax rates are set annually.
Gates County's effective property tax rate is 1.03%, slightly above the national median of 1.02%. Within the county, the highest median tax rate is found in Gatesville at 1.07%, while Belvidere boasts the lowest at 0.98%. These figures illustrate the diversity in tax rates even within a single county. Comparing these rates to the national figures highlights the variability in property tax burdens across different regions. Understanding these differences can be crucial for property owners seeking to manage their tax liabilities effectively.
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 Gates County Tax Rate
1.03%
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 North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gates County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belvidere | 0.74% | 0.90% | 0.98% | 1.09% | 1.17% |
| Corapeake | 0.67% | 0.93% | 1.03% | 1.11% | 1.26% |
| Eure | 0.72% | 0.95% | 1.04% | 1.15% | 1.31% |
| Gates | 0.66% | 0.93% | 1.04% | 1.12% | 1.29% |
| Gatesville | 0.71% | 0.95% | 1.07% | 1.16% | 1.32% |
| Hobbsville | 0.58% | 0.87% | 1.00% | 1.10% | 1.31% |
| Sunbury | 0.65% | 0.90% | 1.03% | 1.15% | 1.30% |
| Roduco | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Gates County, North Carolina
When examining property taxes in Gates County, 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 Gates 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:
Assessment notices in Gates County 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 Gates County.
For example, the median tax bill in Gates County is $1262, with tax bills ranging significantly across the county. Corapeake has the highest median home price at $127,252.
Property Tax Assessment Values Across Gates County, North Carolina
Source: Ownwell
$111,782
$119,517
$127,252
Median Gates County Market Value
$119,144
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gates County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belvidere | $74,155 | $90,745 | $121,548 | $190,880 | $261,162 |
| Corapeake | $46,229 | $85,662 | $127,252 | $185,464 | $258,442 |
| Eure | $39,699 | $80,122 | $121,079 | $166,374 | $230,922 |
| Gates | $42,914 | $77,380 | $119,354 | $163,262 | $229,948 |
| Gatesville | $35,799 | $66,468 | $111,782 | $171,538 | $244,771 |
| Hobbsville | $39,982 | $76,521 | $123,310 | $191,767 | $283,740 |
| Sunbury | $43,759 | $75,264 | $115,271 | $184,026 | $275,723 |
| Roduco | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Gates County, North Carolina
Median Gates County Tax Bill
$1,215
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Gates County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belvidere | $791 | $932 | $1,241 | $1,898 | $2,249 |
| Corapeake | $511 | $871 | $1,262 | $1,662 | $2,265 |
| Eure | $484 | $845 | $1,232 | $1,607 | $2,104 |
| Gates | $486 | $781 | $1,216 | $1,572 | $2,030 |
| Gatesville | $421 | $704 | $1,208 | $1,718 | $2,258 |
| Hobbsville | $458 | $737 | $1,241 | $1,702 | $2,224 |
| Sunbury | $500 | $817 | $1,169 | $1,654 | $2,287 |
| Roduco | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell