Granville County NC Property Taxes - How to Find out How Much You'll Pay
Whether you're considering relocating from one side of the Triangle to the other, are relocating to Fort Bragg, or are coming to the Raleigh area from Florida, New Jersey, New York, or elsewhere, you've probably wondered what the yearly property taxes might be for your new home.
Granville County is just north of Wake County, and just northwest of Durham County. Lower land costs make this county an attractive place for many homebuyers looking to have some land of their own.
Creedmoor is particularly popular - just a few minutes from Falls Lake State Park, with easy access to Durham and Raleigh.
Granville County revalues all real estate every eight years. This procedure allows the Tax Department to adjust the appraised value of real estate to reflect the property's true value in light of changing real estate market conditions.
The most recent valuation occurred in 2002 with the next scheduled for 2010.
View updated Granville County, NC property tax rate information.
Here are the 2007 rates, by town and district.
To get the total property tax rate, you'll first need to find out which district the home will be in. The total rate is then found by adding the Granville County property tax rate to the district tax rate.
It's not as confusing as it looks. The tax rates are based on the assessed value of the home, not the asking price.
- Divide the assessed value by 100.
- Multiply the result by the rate on the right side of the table.
- The result will be your yearly property tax bill, as of 2007.
This table gives sample property tax bills for all the towns and districts in Granville County, NC: Oxford, Creedmoor, Stem, Stovall, and Butner. Your tax bill can be lower if your home or property is not actually within a municipality, or town.
For 2007, the district tax rates vary from .755% to 1.48%. There is no guarantee that tax rates will remain the same - check the Granvill County Property Tax page for most recent information.
Tax rates are based on the assessed value, not the actual sales price of the home. If there is a discrepancy between the assessed value and the asking price of the home or lot, don't be afraid to ask your real estate agent to pull comps for you. Assessed values are not always aligned well with market values, as assessments are often made several years apart.
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