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Durham County NC Property Taxes - How to Find out How Much You'll Pay

Whether you're considering relocating from one side of the Triangle to the other, are relocating to Fort Bragg, or are coming to the Raleigh area from Florida, New Jersey, New York, or elsewhere, you've probably wondered what the yearly property taxes might be for your new home.

A Little About Durham County

Durham County is just west of Wake County, and has just one major city, Durham.  There are also smaller communities such as Bethesda, Gorman, and Oak Grove.    Durham is the north corner of the "Triangle", which consists of Raleigh, Durham, and Chapel Hill.  Falls Lake State Park is a great recreation area, located on the northeast side of the county.  Find out more about Durham County here

So What Are Durham County's Property Tax Rates?

Here are the 2007-08 rates, by town and fire district.  To get the total property tax rate, you'll first need to find out which district the home will be in. 

triangle relocation package  durham county,durham,falls lake,property tax rates

It's not as confusing as it looks.  The tax rates are based on the assessed value of the home, not the asking price. 

  • Divide the assessed value by 100.
  • Multiply the result by the rate on the right side of the table.
  • The result will be your yearly property tax bill, as of 2007. 

triangle relocation package  durham county,durham,falls lake,property tax rates 

This table gives sample property tax bills for all the towns and fire districts in Durham CountyYour tax bill can be lower if your home or property is not actually within a municipality, or town. 

For 2007, the district tax rates vary from .78 to 1.44.  There is no guarantee that tax rates will remain the same - check the Durham County Property Tax page for most recent information.

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 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 are to go into effect in the summer of 2008. 

How Do Durham County Property Tax Rates Compare to Other Counties?

Looking to compare the property tax rates of different areas of the Triangle?  Here's a handy guide with links to each county's property tax rates.

Compare Triangle Property Tax Rates

 Lee County Property Taxes - Tax Rates for Sanford, Lee County, and Other Areas Near Fort Bragg - Free Building Cost Estimates

Raleigh and the Triangle Area

Whether you're looking at relocating to Raleigh to start your career, to find a friendly place to raise a family, or retiring in a terrific climate, Raleigh and the Research Park Triangle has something to offer you. Great schools, Forbes rated #1 in 2007 for Businesses and Careers, lots of lakes and golf courses, top-rated cultural centers, universities, and hospitals - and all only two hours to the ocean and three hours to the mountains - it's no wonder that Raleigh is a "Best Place to Live"!

Chatham County Relocation Package - May 2008

Raleigh Relocation Package - Thinking of Moving to the Triangle, NC? June 2008 Edition

 

 

Raleigh Triangle custom home builders Stanton Homes

 

 

 

 

Copyright 2008 by Stanton Homes.  All information current as of posting date.  Check with Durham County for any available updates to tax rates. 

And if you're a veteran, active duty, or retired military, ask about "Stanton Homes for Heroes" - Military Discounts on New Homes.

Stanton Homes - Building Exceptional Living Experiences

 
This post has been included in North Carolina Information Durham County, NC Information Durham, NC Information
Post is included in group: North Carolina Real Estate
Post is included in group: RealtorsĀ®
Post is included in group: Military Relocations
Post is included in group: Localism Success and Accountability Group
Post is included in group: Local Expert

4 Comments on Durham County Property Taxes - How Much Should You Expect to Pay?

Great post, Penny, as usual!  You posts are VERY beneficial to potential buyer looking into the area!  Thanks for providing them the information that they need.

06/21/2008 07:07 AM by Leesa L. Finley, REALTORĀ® (Circa Properties)


VERY helpful information, especially for someone relocating to the area.  'Probably would have featured it in the Military Relocation Group, since it does mention Fort Bragg.  This is just the kind of info that military transferees are looking for.

06/22/2008 06:54 AM by Margaret Woda, Maryland Real Estate (RE/MAX VISION)


Leesa - Thanks.  I've found that this is research that most buyers want to know before moving.  In some cases it helps to narrow down what area they want to focus on - and it does help them compare to what they're currently paying! 

06/24/2008 11:19 AM by Stanton Homes - Penny Hull: Raleigh Area Custom Home Builder (Stanton Homes Inc - Raleigh Custom Homes)


Margaret - Happy to include military relocations!  Seems most buyers stationed in Fort Bragg, Pope AFB or Seymour Johnson AFB are focused on the more southern counties like Lee, Wake, and Johnston.  Here's a link to more information, so that buyers can compare the costs for different counties.

Property Tax Rates in the Triangle, NC Area - Find Rates Here for Wake County, Lee County, Johnston County, and More

06/24/2008 11:22 AM by Stanton Homes - Penny Hull: Raleigh Area Custom Home Builder (Stanton Homes Inc - Raleigh Custom Homes)


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Builder-Contractor: Stanton Homes - Penny Hull: Raleigh Area Custom Home Builder (Stanton Homes Inc - Raleigh Custom Homes)
Stanton Homes - Penny Hull: Raleigh Area Custom Home Builder
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