Gates County, North Carolina property tax
The median homeowner in Gates County, North Carolina pays $1,273 a year in property tax on a home worth $163,900, an effective rate of 0.78%. The national effective rate is 0.98%.
What the rate means here
At 0.78%, Gates County taxes property more lightly than the national 0.98%. That puts the median bill at $1,273. Rates this low usually mean the state, rather than the county, carries more of the school funding.
It ranks #29 of 98 North Carolina counties by effective rate, against a statewide 0.70%, and #1,519 nationally. The state runs from 1.21% in Northampton County down to 0.37% in Jackson County.
The median home costs 2.66 times the median household income of $61,612, against 3.86 nationally, which is a comfortable ratio by American standards. 82.29% of occupied homes are owned rather than rented, and cheap housing relative to income is usually why. This is a small rural county of 10,437 people. Five-year survey estimates for places this size carry wide margins of error, so treat the figures as approximate.
The rate is derived rather than quoted. How and why.
What that costs at different home values
Arithmetic at the county effective rate, before any exemption or assessment cap.
Housing and income
| Gates County | North Carolina | United States | |
|---|---|---|---|
| Effective property tax | 0.78% | 0.70% | 0.98% |
| Median tax bill | $1,273 | $1,815 | $2,969 |
| Median home value | $163,900 | $259,400 | $303,400 |
| Median gross rent | $940 | $1,162 | $1,348 |
| Median household income | $61,612 | $69,904 | $78,538 |
| Home price to income | 2.66× | 3.71× | 3.86× |
| Rent as share of income | 18.31% | 19.95% | 20.6% |
| Owner-occupied | 82.29% | 66.37% | 65.02% |
Source: U.S. Census Bureau, American Community Survey 2023 five-year estimates. Population 10,437.
Nearby counties of similar size
| County | Rate | Median bill | Home value |
|---|---|---|---|
| Camden County | 0.62% | $1,784 | $289,800 |
| Washington County | 1.12% | $1,202 | $107,000 |
| Alleghany County | 0.60% | $1,202 | $199,000 |
| Clay County | 0.45% | $1,188 | $263,300 |
| Jones County | 0.76% | $926 | $122,600 |
Gates County property tax: common questions
What is the property tax rate in Gates County, North Carolina?
The effective rate is 0.78% of home value, from a median tax bill of $1,273 against a median home value of $163,900. That is 0.2 points below the national 0.98%.
How much is property tax on a $400,000 home in Gates County?
Roughly $3,120 a year at the county effective rate of 0.78%.
Is Gates County expensive compared with the rest of North Carolina?
It ranks #29 of 98 North Carolina counties by effective property tax rate, and #1519 of 2,826 nationally. That is 0.08 points above the North Carolina average of 0.70%.
What does housing cost in Gates County?
The median home is worth $163,900 and median gross rent is $940 a month. Median household income is $61,612, which puts the home at 2.66 times annual income and rent at 18.31% of it.