Davidson, Iredell County, North Carolina Property Taxes
Median Davidson, NC effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Davidson, NC home value: $807,020
Median annual Davidson, NC tax bill: $4,815, $2,415 higher than the national median property tax bill of $2,400.
How are property taxes in Iredell calculated?
Property taxes in Davidson, 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 Davidson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Davidson, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Davidson, Iredell County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$4,888
$4,536
Property Tax Rates Across Davidson, Iredell County, North Carolina
Local government entities determine tax rates, which can significantly differ within a state. This is because each county annually assesses its budgetary needs to provide essential services and then divides this by the total value of all taxable property within its area. This calculation yields the property tax rate. Although votes and regulations play a role in setting these rates and budgets, this is essentially the yearly process.
In Davidson, located in Iredell County, the effective property tax rate stands at 0.60%. This rate is consistent with the highest and lowest median tax rates in the area, as indicated by the zip code 28036. Compared to North Carolina's median property tax rate, Davidson's rate is relatively competitive. When contrasted with the national median property tax rate of 1.02%, Davidson's rate is notably lower, offering potential savings for property owners in the area.
Understanding these rates can help property owners make informed decisions and potentially reduce their tax burden. By appealing or seeking exemptions, property owners can further optimize their tax liabilities, ensuring they only pay their fair share.
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 Davidson Tax Rate
0.60%
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 Iredell County Tax Rate
0.66%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Davidson, Iredell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28036 | 0.60% | 0.60% | 0.60% | 0.61% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Davidson, Iredell County, North Carolina
When examining property taxes in Davidson, 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 Iredell County Tax Assessor 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:
In Iredell 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 Davidson. For example, the median home price in Davidson is $807,020, with tax bills ranging significantly across the county. Zip code 28036 has the highest median home price at $807,020.
Property Tax Assessment Values Across Davidson, Iredell County, North Carolina
Source: Ownwell
$120,700
$467,655
$814,610
Median Davidson Market Value
$814,610
Median Iredell County Market Value
$275,750
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Davidson, Iredell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28036 | $215,448 | $392,750 | $814,610 | $943,520 | $1,064,134 |
Source: Ownwell
Property Tax Bills Across Davidson, Iredell County, North Carolina
Median Davidson Tax Bill
$4,878
Median Iredell County Tax Bill
$2,103
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Davidson, Iredell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28036 | $1,122 | $2,323 | $4,878 | $5,634 | $6,396 |
Source: Ownwell