Whether you’ve just moved into your first home or are a long-time resident, there’s one thing that all homeowners share in common: paying property taxes. Property taxes come part and parcel with homeownership—but with tax rates that vary from place to place, and fluctuate based on market conditions, making it tricky to interpret your tax responsibilities.

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Property tax 101

If you’re not sure what property taxes are or you’ve never had to pay them before, here are the basics:

Property taxes are levied by your local government to pay for public works and municipal projects (think law enforcement, schools, road repair)

Most property taxes apply to real property like land, buildings, and homes (in some counties, your vehicle may also be subject to a property tax)

Your property taxes are determined by a local tax assessor

Rates are assigned based on market values and the local tax rate—both of which are prone to fluctuation in response to market conditions and local budgets

Basically, property taxes are how local governments collect funding from residents for projects that contribute to the well-being of a community.

MORE:

Is car insurance tax deductible?

What is the property tax rate in Davidson County?

The property tax rate in Davidson County is 0.67%, and residents pay an average of $855 annually in property taxes. If you’d like to learn more about property taxes in Davidson County, you can review the

2021 Schedule of Values

, which details how real property is assessed.

How Davidson County property taxes are determined

The

Davidson County Board of Commissioners

sets the tax rate. Generally, property tax rates are determined by two factors: the fair market value of your property and the local tax rate.

The value of your property is determined by your

local tax assessor

. Depending on your place of residence, you may pay taxes for your municipality and the county. For this reason, exact property tax bills vary from person to person.

If you believe your property has been assessed unfairly or at an incorrect value, you can

file a tax appeal

with the Davidson County Tax Assessor’s office.

The state of

North Carolina

also offers homestead exemptions to senior and disabled veteran residents, as well as residents who have lived in-state for at least two years and consider the property their primary residence. Homestead exemptions can help you save money on your property taxes. To learn if you qualify for an exemption, visit the

Davidson County Tax Assessor’s website

What do Davidson County property taxes pay for?

In Davidson County, property taxes fund local services and projects, including the following:

School districts

Public libraries

Law enforcement

Fire departments

Parks and recreation

Building safety

Public health

Community education

Local public services

How to pay property taxes in Davidson County

Property taxes in Davidson County are due on September 1 of each year and are payable through January 5.

You should receive your property tax statement from your county official by July. If you have not received your property tax statement by September, you should contact your

Tax Collector’s Office

When it comes to paying your property taxes, residents of Davidson County have a couple of options:

Pay online: You can pay your property taxes online through Davidson County’s

Point and Pay payment portal

. If you plan to pay online, be sure to use a debit or credit card and note that online transactions include a 2.5% convenience fee.

Pay by mail: You can mail your property tax payment to the

Davidson County Tax Collections Office

at: P.O. Box 1577 Lexington, NC 27293.

Pay in person: To pay in person, visit the Davidson County Tax Collections Office, located at 913 Greensboro Street, 3rd Floor Suite 303 Lexington, NC 27292. Cash, credit, and checks are all acceptable forms of payment.

MORE:

How to deduct a car accident from your taxes

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