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Updated 2025 Tax Year

Granville County
Property Tax Guide

Everything you need to know about property taxes in Granville County, NC. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
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Quick Facts
Tax Rate
0.555% base rate ($5.55 per $1,000 assessed value), varies by district with additional municipal and special district taxes
Exemptions
5+ Available
Section 1

How Property Tax Works

Granville County, North Carolina, administers property taxes to fund essential local services including public schools, law enforcement, emergency services, and infrastructure maintenance. Property taxes are the primary revenue source for county operations and represent one of the most significant local taxes for homeowners and businesses in the county.

The property tax system in Granville County operates on a calendar year basis, with properties assessed at market value as of January 1st each year. The county's tax rate for 2024-25 is 0.555% (or $0.555 per $100 of assessed value). However, actual tax rates can vary significantly by location within the county due to additional special taxing districts, municipal taxes, and school district assessments that may apply to specific areas. Property owners should verify their total effective rate by checking all applicable taxing districts for their specific property location.

Section 2

What Makes Up Your Tax Bill

ComponentRate (per $100)Description
County General$0.555Base Granville County levy for FY 2024-25
Municipal TaxesVariesAdditional taxes for incorporated areas (varies by city/town)
Special DistrictsVariesFire districts, water/sewer districts (location-dependent)
School BondsVariesDebt service for school construction (district-dependent)

Note: The base county rate of $0.555 per $100 assessed value applies to the 2024-25 levy year. Properties within incorporated municipalities or special taxing districts will have additional rates applied. Total effective rates typically range from $0.555 to over $1.00 per $100 of assessed value depending on location. Contact the Granville County Tax Assessor's office to determine the exact rate applicable to your specific property address.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Granville County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental property taxes in Granville County are additional tax bills issued when there are mid-year changes to property ownership, value, or taxable status. The most common triggers include new construction completion, property transfers that remove exemptions, or completion of major improvements that increase assessed value.

Supplemental taxes are calculated based on the difference between the original assessment and the new assessment, prorated for the remaining months in the tax year. For example, if a $100,000 addition is completed and assessed in July, the supplemental tax would be calculated on the $100,000 increase at the applicable tax rate, multiplied by 6/12 months (July through December). The supplemental bill is typically issued within 60-90 days of the triggering event and has its own due date separate from regular property tax installments.

Example Calculation

Example 1: $300,000 Home (Base County Rate Only)

  • Assessed Value: $300,000
  • Applicable Rate: $0.555 per $100
  • Annual Tax: $300,000 ÷ 100 × $0.555 = $1,665
  • Monthly Escrow: $1,665 ÷ 12 = $138.75

Example 2: $600,000 Home with Homestead Credit

  • Assessed Value: $600,000
  • Less: Homestead Assessment Cap Benefit: -$10,000
  • Net Taxable Value: $590,000
  • Annual Tax: $590,000 ÷ 100 × $0.555 = $3,274.50
  • Monthly Escrow: $3,274.50 ÷ 12 = $272.88

Example 3: $1,000,000 Home with Municipal Taxes

  • Assessed Value: $1,000,000
  • County Rate: $0.555 per $100 = $5,550
  • Municipal Rate (estimated): $0.25 per $100 = $2,500
  • Total Annual Tax: $8,050
  • Monthly Escrow: $8,050 ÷ 12 = $670.83

Note: Credits require annual application and are not automatic. Actual rates vary by location within the county.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Granville County require borrowers to maintain an escrow account for property tax payments, especially when the loan-to-value ratio exceeds 80%. The lender collects monthly payments along with principal and interest, then pays the county directly when taxes are due. Escrow accounts are typically analyzed annually, with adjustments made to monthly payments based on actual tax bills and account balances.

Property taxes in Granville County are due in two installments: the first installment by April 15th and the second by October 15th for the current tax year. Lenders usually pay each installment approximately 30 days before the due date to ensure timely payment. Property owners should verify that their lender has current mailing addresses and account information with the county tax collector. If taxes are paid through escrow, owners will receive a copy of the tax bill for informational purposes, but should not pay directly as this could result in double payment and escrow account complications.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are Granville County property taxes due for 2025-26? A: Property taxes are due in two installments: first installment by April 15, 2026, and second installment by October 15, 2026.

Q: What tax credits are available and how do I apply? A: Available credits include Elderly/Disabled Homestead, Disabled Veteran, and Circuit Breaker exclusions. All require annual application using Form AV-9. Applications must be filed with the county assessor by the specified deadline, typically June 1st of each year.

Q: How does the Homestead credit work? A: The Homestead credit limits annual assessment increases rather than reducing market value. It caps the growth in taxable value, not the actual market value. You must file Form AV-9 annually to maintain eligibility - it is not automatic.

Q: How often are properties reassessed in Granville County? A: Granville County conducts countywide revaluations approximately every 8 years. The last revaluation data is not specified in available records, but property owners can contact the assessor's office for the current revaluation schedule.

Q: What are the penalties for late property tax payments? A: Interest and penalties accrue on unpaid taxes after the due dates. Contact the Granville County Tax Collector for current penalty rates and payment options for delinquent accounts.

Q: Can I pay my property taxes online? A: Contact the Granville County Tax Collector's office directly for current online payment options and accepted payment methods.

Q: How do I appeal my property assessment? A: Property assessment appeals must be filed with the Granville County Board of Equalization and Review within the specified appeal period, typically during the summer months following the notice of assessment.

Q: Do I pay different rates if I live in a town within Granville County? A: Yes, properties within incorporated municipalities pay additional municipal property taxes on top of the base county rate. Special fire districts, water districts, or other special assessments may also apply depending on location.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
County
Next County 2024-25 2023-24 2022-23 2021-22 2020-21ncdor.gov
02
County
Next County 2023-24 2022-23 2021-22 2020-21 2019-20 ...ncdor.gov
03
County
Next County 2025-26 2024-25 2023-24 2022-23 2021-22 ...ncdor.gov
04
Bill 232ncleg.gov
05
County
County Property Tax Rates and Reappraisal Schedulesncdor.gov
06
Tax Doc
Veterans Property Tax Relief | DMVAmilvets.nc.gov
07
Tax Doc
Property Tax - Formsncdor.gov
08
Tax Doc
Application for Property Tax Reliefncdor.gov
09
County
GRANVILLE COUNTY, NORTH CAROLINAhertfordcountync.gov
10
County
Guilford County Schedule of Values 2026guilfordcountync.gov
All sources verified as of 2025 Tax Year

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