Durham County 2011 Property Tax Rates | New Homes Durham County NC
Posted by Penny Hull on Tue, Dec 06, 2011 @ 12:10 PM
Durham County NC 2011 Property Tax Guide
How much are property taxes for Durham County NC new homes?
Whether you're considering relocating from the other side of the country or the other side of the Triangle, you've probably wondered what the yearly property taxes might be for your new home.
Where is Durham County located? Durham County sits between Chatham County, Orange County, Person County, Granville County, and Wake County.
Durham serves as one of the corners of the Research Triangle Park, along with Chapel Hill and Raleigh.
When were Durham County NC property values last adjusted (assessed)?
All North Carolina counties are required to conduct a revaluation at least once every eight years. Durham County was reassessed on January 1, 2008, and the new assessed values went into affect in Summer 2008.
The chart below shows the 2011 Durham County property tax rates. If you are relocating to a home inside a town or fire district, the tax rate will generally be higher. If your new home will be outside of town boundaries, the tax rate can be low.
The county rate gets combined with either the fire district rate or the town rate, depending on where the home for sale is located.
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The Durham County property tax chart is not as confusing as it looks. The tax rates are always based on the assessed value of the home, not the asking price, so you'll want to look up the assessed value, or ask your agent for it.
1. Take the assessed value of the property.
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2. Divide by 100.
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3. Multiply by the combined 2011 tax rate.
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4. This will give you the yearly tax amount, per 2011 fiscal year rates.
For example, Chapel Hill has a town rate of 0.494, and the Durham County property tax rate is 0.7459.
Add the two together - the total tax rate for Chapel Hill, NC is 1.2399.
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 Durham County, NC: Durham, Chapel Hill, Raleigh, Morrisville, Bahama, and more. Your tax bill can be lower if your home or property is not actually within a municipality, or town.
You can also visit the Durham County Property Tax page to get the most up-to-date tax tables or tax information for the City of Durham.
As you can see, a City of Durham location will be the most expensive property tax location to live in Durham County, following closely by the City of Chapel Hill.
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.
Want to Compare Property Taxe Rates?
Compare property tax rates in Durham County to other counties in the area here:
Alamance County Property Tax Rates 2011
Cumberland County NC Property Tax Rates 2011
Chatham County NC Property Tax Rates 2011
Durham County NC Property Tax Rates 2011
Franklin County NC Property Tax Rates 2011
Granville County NC Property Tax Rates 2011
Johnston County NC Property Tax Rates 2011
Harnett County NC Property Tax Rates 2011
Raleigh Property Tax Rates 2011
Wake County NC Property Tax Rates 2011
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