Gatesville, Gates County, North Carolina Property Taxes
Median Gatesville, NC effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Gatesville, NC home value: $111,782
Median annual Gatesville, NC tax bill: $1,208, $1,192 lower than the national median property tax bill of $2,400.
How are property taxes in Gates calculated?
Property taxes in Gatesville, 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 Gatesville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gatesville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gatesville, Gates County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.08%
Estimate Property Tax Bill
$1,218
$1,130
Property Tax Rates Across Gatesville, Gates County, North Carolina
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Gatesville’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.
Gatesville, located in Gates County, has a median property tax rate of 1.07%, which is slightly above the national median of 1.02%. This indicates that homeowners in Gatesville may pay a bit more in property taxes compared to the national average. However, it's important to note that this rate is consistent across the county, as both the highest and lowest median tax rates in Gates County are 1.07%. Understanding these rates can help property owners better anticipate their annual tax obligations and plan accordingly.
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 Gatesville Tax Rate
1.08%
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 Gatesville, Gates County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27938 | 0.70% | 0.95% | 1.08% | 1.16% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Gatesville, Gates County, North Carolina
When examining property taxes in Gatesville, NC, 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 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 Gatesville.
For example, the median home price in Gatesville is $111,782, with tax bills ranging significantly across the county. Zip code 27938 has the highest median home price at $111,782.
Property Tax Assessment Values Across Gatesville, Gates County, North Carolina
Source: Ownwell
$112,758
$131,805
$150,852
Median Gatesville Market Value
$112,758
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 Gatesville, Gates County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27938 | $35,749 | $66,468 | $112,758 | $174,043 | $245,145 |
Source: Ownwell
Property Tax Bills Across Gatesville, Gates County, North Carolina
In Gatesville, located in Gates County, NC, property tax bills are determined by assessing the property's market value and applying the local tax rate. Homeowners in this region face a median tax bill of $1,208, which is below the national median of $2,400. This discrepancy highlights the relatively lower property tax burden in Gatesville compared to the national average. Factors such as property size, location, and market trends are considered when calculating the assessed value, which directly influences the tax bill. For homeowners, this means that fluctuations in the housing market can significantly impact their annual expenses.
Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By leveraging expertise in local tax regulations and market assessments, Ownwell identifies opportunities for savings, ensuring homeowners pay only what is fair. This support can lead to substantial financial relief, particularly for those facing higher tax bills near the 90th percentile of $2,258.
Median Gatesville Tax Bill
$1,206
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 Gatesville, Gates County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27938 | $420 | $708 | $1,206 | $1,712 | $2,268 |
Source: Ownwell