Eure, Gates County, North Carolina Property Taxes
Median Eure, NC effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Eure, NC home value: $121,079
Median annual Eure, NC tax bill: $1,232, $1,168 lower than the national median property tax bill of $2,400.
How are property taxes in Gates County calculated?
Property taxes in Eure, 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 Eure’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eure, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Eure, Gates County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$1,266
$1,175
Property Tax Rates Across Eure, Gates County, North Carolina
Local government entities in North Carolina set property tax rates, which can vary significantly within the state. Each year, counties like Gates determine their required budget to provide essential services and then divide this by the total assessed value of all taxable properties within their jurisdiction. This calculation results in the property tax rate. Though the process involves votes and legal considerations, this is essentially how annual rates are established.
In EURE, located in Gates County, the effective property tax rate stands at 1.04%, which is slightly above the national median rate of 1.02%. This positions EURE's rate as the highest within its zip code, yet it remains closely aligned with the North Carolina median. While property taxes in EURE may be on the higher end for the state, they provide a necessary contribution to the community's public services and infrastructure. Comparing EURE's property tax rate to other cities in North Carolina and the U.S. can offer valuable insights into local and national property tax trends.
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 Eure Tax Rate
1.04%
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
1.04%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Eure, Gates County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27935 | 0.72% | 0.95% | 1.04% | 1.15% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Eure, Gates County, North Carolina
When examining property taxes in Eure, 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 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.
In Gates 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 Eure. For example, the median home price in Eure is $121,079, with tax bills ranging significantly across the county. Zip code 27935 has the highest median home price at $121,079.
Property Tax Assessment Values Across Eure, Gates County, North Carolina
Source: Ownwell
$112,758
$131,805
$150,852
Median Eure Market Value
$121,765
Median Gates County Market Value
$119,547
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Eure, Gates County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27935 | $39,737 | $80,362 | $121,765 | $168,667 | $235,936 |
Source: Ownwell
Property Tax Bills Across Eure, Gates County, North Carolina
In Eure, located in Gates 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 Eure is $121,079. The property tax rate is applied to this assessed value to determine the tax bill. Homeowners in Eure can expect a range of property tax bills, with the 25th percentile at $845 and the 75th percentile at $1,607. The 90th percentile tax bill is $2,104, indicating that some homeowners pay significantly more than the national median property tax bill of $2,400. Factors influencing these variations include property location, size, and any applicable exemptions.
Ownwell assists homeowners by reviewing their property assessments and identifying potential errors or opportunities for exemptions. By appealing inaccurate assessments, Ownwell helps reduce the property tax burden, ensuring homeowners pay only their fair share. This service can lead to substantial savings, allowing homeowners to allocate funds to other financial priorities.
Median Eure Tax Bill
$1,239
Median Gates County Tax Bill
$1,220
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Eure, Gates County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27935 | $489 | $861 | $1,239 | $1,602 | $2,130 |
Source: Ownwell