New Homes Durham NC
Durham NC Relocation - Property Taxes
How much will I pay in property taxes for my new Durham County home?
That's a very common question when considering purchasing a home in Durham County.
Find Out What District Your New Durham Home is Located In
Ask your real estate agent what district number the property resides in. Or click on the link below to enter the address and find out the tax district: Durham County Address Check for Property Tax Rate.
This chart shows the 2008/2009 Durham County property tax rates. If you are relocating to a home inside a town, the tax rate will be slightly higher. If your new home will be outside of town boundaries, the tax rate can be extremely low.
Check the Tax Rate Tables for the Property Tax Rate for Your District or Town in Durham County NC
The county rate gets combined with either the fire district rate or the town rate, depending on where the home for sale is located.
OK - But What Will I Actually Pay in Durham County Property Taxes?
What do all those little numbers mean? It's actually not as hard as it looks.
- Take the assessed value of the property.
- Divide by 100.
- Multiply by the tax rate.
This will give you the yearly tax amount, per 2008/2009 rates.
And just to give you an idea, here's a table of sample yearly tax payments for different sample assessed home values.
You can also visit the Durham County Property Tax page to see any updates to tax tables or tax information.
As you can see, a City of Chapel Hill location will be the most expensive property tax location to live in Durham County, following closely by the City of Durham. Best bargains for property taxes are in Mangum, New Hope, Parkwood, Redwood, Eno, and Bahama.
When looking at properties, don't take the "city" address for granted - you could be in a different county, with different tax rates, depending on where exactly the property is located.
How Do I Find Out the Assessed Value of My Durham County Home?
If there's a particular home that you're considering, you can go directly to the Durham County Tax Administration Records site, type in the address, and see the assessed value of the property.
What if the Assessed Value 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. Durham County was reassessed on January 1, 2008, and the new assessed values went into affect in Summer 2008.
Want to Compare Property Tax Rates for Counties in the Triangle?
Durham, NC New Homes: