Null, North Carolina Property Taxes
The median property tax rate in Forsyth County, NC is 1.26%, significantly higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $233,900, the typical annual property tax bill in Forsyth County reaches $1,828, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Forsyth County's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Forsyth County or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Null, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$2,947
Ownwell’s Forsyth County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Forsyth County with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Forsyth County to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Null, North Carolina
Property taxes in Forsyth County, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forsyth County is 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Forsyth County set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forsyth County estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Forsyth County's effective property tax rate to other counties in North Carolina and the national median. For comparison, the area with the highest median property tax rate in Forsyth County is NULLN, with a rate of 1.26%, while the area with the lowest median tax rate is also NULLN, at 1.26%. Understanding how these areas compare with Forsyth County provides valuable insights into the varying tax landscape across the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Null Tax Rate
1.26%
Average Forsyth County Tax Rate
1.31%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Null, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| NULLN | 0.88% | 1.02% | 1.26% | 1.29% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Null, North Carolina
In Forsyth County, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Forsyth County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Forsyth County, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Forsyth County helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is NULLN, with a value of $1828, while the lowest is also NULLN, sharing the same value.
Average Null Assessed Value
$233,900
Average Forsyth County Assessed Value
$158,600
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Null, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| NULLN | $151,500 | $182,400 | $233,900 | $293,700 | $329,580 |
Source: Ownwell
Property Tax Bills Across Null, North Carolina
Property tax bills in Forsyth County, North Carolina, are calculated based on the assessed value of your property and the local tax rate. The assessed value is determined by the county assessor and is intended to reflect the market value of your home. Factors such as property size, location, and improvements can influence this value. Once the assessed value is established, it is multiplied by the local tax rate to calculate your annual property tax bill. For homeowners in Forsyth County, the median home price is $233,900. Property tax bills can vary significantly, with the 25th percentile at $1,774 and the 75th percentile reaching $3,146. At the 90th percentile, the tax bill can be as high as $3,937. These figures highlight how property taxes can impact homeowners differently based on their property's assessed value. Comparing this to the national median property tax rate of 0.99%, Forsyth County's rates are relatively moderate, providing a balanced approach to funding local services while considering homeowners' financial burdens.
Average Null Tax Bill
$1,828
Average Forsyth County Tax Bill
$1,755
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Null, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| NULLN | $1,741 | $1,774 | $1,828 | $3,146 | $3,937 |
Source: Ownwell