That's a very common question when considering purchasing a Granville 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 2010 with the next scheduled for 2018.

Here are the 2010 rates, by town and district. 

To get the total property tax rate, you'll first need to find out which city or town the home will be in.  The total rate is then found by adding the Granville County property tax rate to the city or town tax rate.

Find Out What City or Town Your New Granville Home is Located In

The county rate gets combined with either the city or town rate, depending on where the home for sale is located.  If you are relocating to a home inside a town, the tax rate will be higher.  If your new home will be outside of town boundaries, the tax rate can be extremely low.  

What do all those little numbers mean?  It's actually not as hard as it looks.

1. Take the assessed value of the property.

2. Divide by 100.

3. Multiply by the tax rate.

This will give you the yearly tax amount, per 2010 fiscal year rates.

And just to give you an idea, here's a table of sample yearly tax payments for different sample assessed home values.

This table gives sample property tax bills for all the cities and towns 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 2010, the district tax rates vary from 0.825% to 1.55%.  There is no guarantee that tax rates will remain the same - check the Granvilla County Property Tax page for most recent information.

What if the Assessed Value of my Granville County home is Different From the Sales Price?

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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