Stem, Granville County, North Carolina Property Taxes
Median STEM, NC effective property tax rate: 0.99%, slightly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median STEM, NC home value: $144,186
Median annual STEM, NC tax bill: $1,632, $768 lower than the national median property tax bill of $2,400.
How are property taxes in Granville calculated?
Property taxes in STEM, 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 STEM’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in STEM, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Stem, Granville County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.76%
Estimate Property Tax Bill
$1,950
$1,810
Property Tax Rates Across Stem, Granville County, North Carolina
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This variation is due to each county's annual process of estimating its required budget to provide essential services and dividing that amount by the total assessed value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process.
In STEM, Granville County, North Carolina, the effective property tax rate provides a point of comparison to other cities in the state. North Carolina's median property tax rate is slightly below the national median of 1.02%. This rate reflects the county's effort to balance its budgetary needs with the economic realities of its residents. By understanding how these rates are set and how they compare to both state and national figures, property owners in STEM can better navigate the complexities of property taxation. This knowledge empowers homeowners to make informed decisions about their property tax appeals and exemptions.
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 Stem Tax Rate
0.76%
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 Granville County Tax Rate
0.76%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Stem, Granville County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27581 | 0.69% | 0.72% | 0.76% | 0.99% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Stem, Granville County, North Carolina
When examining property taxes in STEM, 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 Granville 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.
In Granville 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 STEM. For example, the median home price in STEM is $144,186, with tax bills ranging significantly across the county. Zip code 27581 has the highest median home price at $144,186.
Property Tax Assessment Values Across Stem, Granville County, North Carolina
Source: Ownwell
$95,029
$310,695
$526,360
Median Stem Market Value
$256,627
Median Granville County Market Value
$239,053
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Stem, Granville County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27581 | $99,822 | $153,728 | $256,627 | $337,644 | $462,366 |
Source: Ownwell
Property Tax Bills Across Stem, Granville County, North Carolina
Median Stem Tax Bill
$2,040
Median Granville County Tax Bill
$1,974
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Stem, Granville County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27581 | $768 | $1,149 | $2,040 | $2,800 | $3,437 |
Source: Ownwell