Forsyth County Property Taxes
The median property tax rate in Forsyth County is 1.31%, which is significantly higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Forsyth County at $158,600, the typical annual property tax bill reaches $1,755, which is below the national median of $2,690. Property taxes in Forsyth County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Forsyth County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Winston-Salem or another part of Forsyth County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Forsyth County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,078
Ownwell’s Forsyth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Forsyth with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Forsyth to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Forsyth County, North Carolina
Property taxes in Forsyth County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Forsyth County is 1.31%, which is higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Forsyth County set these rates annually, and they can vary significantly between different areas within the county. Each year, Forsyth County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Forsyth County's effective property tax rate with other counties in North Carolina and the national median. For comparison, the city of Winston Salem has one of the higher property tax rates in North Carolina at 1.31%, while the city of Bethania boasts one of the lowest at 0.54%. Analyzing how Forsyth County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
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 Forsyth County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Archdale | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
| Belews Creek | 0.78% | 0.79% | 0.79% | 0.79% | 0.83% |
| Bethania | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
| Clemmons | 0.74% | 0.74% | 0.93% | 0.95% | 0.97% |
| Colfax | 0.78% | 0.78% | 0.83% | 0.83% | 0.83% |
| Germanton | 0.65% | 0.79% | 0.79% | 0.80% | 0.82% |
| High Point | 0.22% | 0.27% | 0.83% | 0.83% | 0.83% |
| Kernersville | 0.78% | 0.82% | 1.26% | 1.29% | 1.31% |
| King | 0.77% | 1.15% | 1.15% | 1.15% | 1.15% |
| Lewisville | 0.77% | 0.77% | 0.94% | 0.94% | 0.94% |
| Null | 0.88% | 1.02% | 1.26% | 1.29% | 1.30% |
| Pfafftown | 0.77% | 0.78% | 0.94% | 1.31% | 1.31% |
| Pinnacle | 0.23% | 0.28% | 0.78% | 0.78% | 0.78% |
| Rural Hall | 0.79% | 0.79% | 0.80% | 0.99% | 1.31% |
| Stokesdale | 0.79% | 0.79% | 0.79% | 0.79% | 0.79% |
| Tobaccoville | 0.77% | 0.78% | 0.78% | 0.83% | 0.83% |
| Walkertown | 0.78% | 0.78% | 0.78% | 0.88% | 0.88% |
| Walnut Cove | 0.67% | 0.78% | 0.82% | 0.82% | 0.82% |
| Winston Salem | 0.82% | 1.31% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Forsyth County, North Carolina
In Forsyth County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Forsyth County Appraisal District. The assessed value, however, 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. Assessment notices in Forsyth County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Stokesdale has the highest median tax bill at $2,692, while Archdale has the lowest at $470. Being aware of these valuation processes in Forsyth County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Forsyth County, North Carolina
Source: Ownwell
$36,300
$196,950
$357,600
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 Forsyth County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Archdale | $36,300 | $36,300 | $36,300 | $36,300 | $36,300 |
| Belews Creek | $78,780 | $130,625 | $176,550 | $293,425 | $449,760 |
| Bethania | $261,900 | $261,900 | $261,900 | $261,900 | $261,900 |
| Clemmons | $129,800 | $182,000 | $246,700 | $325,900 | $413,720 |
| Colfax | $188,680 | $217,300 | $302,500 | $358,100 | $421,580 |
| Germanton | $32,000 | $91,200 | $122,500 | $172,700 | $273,600 |
| High Point | $76,120 | $111,325 | $196,750 | $296,500 | $323,380 |
| Kernersville | $95,200 | $139,600 | $189,250 | $252,800 | $324,600 |
| King | $113,190 | $123,450 | $137,800 | $152,825 | $203,170 |
| Lewisville | $123,480 | $168,200 | $236,550 | $354,300 | $537,910 |
| Null | $151,500 | $182,400 | $233,900 | $293,700 | $329,580 |
| Pfafftown | $107,300 | $147,400 | $197,000 | $269,250 | $366,200 |
| Pinnacle | $78,840 | $91,500 | $129,800 | $609,400 | $622,360 |
| Rural Hall | $74,430 | $113,700 | $147,550 | $194,600 | $246,300 |
| Stokesdale | $278,290 | $303,700 | $357,600 | $421,000 | $514,730 |
| Tobaccoville | $57,360 | $107,500 | $149,100 | $203,200 | $306,220 |
| Walkertown | $35,080 | $80,000 | $127,400 | $190,700 | $256,580 |
| Walnut Cove | $49,560 | $94,400 | $144,100 | $204,900 | $305,840 |
| Winston Salem | $41,000 | $82,700 | $140,100 | $202,700 | $326,900 |
Source: Ownwell
Property Tax Bills Across Forsyth County, North Carolina
In Forsyth County, NC, property tax bills are calculated based on the assessed value of a home. The county assesses properties to determine their market value, which is then used to calculate the tax bill. Several factors influence this assessment, including the home's location, size, and condition. Homeowners in Forsyth County see a range of property tax bills. For example, the 25th percentile tax bill is $1,052, while the 75th percentile reaches $2,587. At the 90th percentile, homeowners can expect to pay around $3,813. These figures illustrate the variability in tax bills depending on property values within the county. Compared to the national median property tax rate of 0.99%, Forsyth County's tax rates can significantly impact homeowners. In some areas like Stokesdale, the median tax bill is as high as $2,692, whereas in Archdale, it can be as low as $470. This variation highlights the importance of understanding local property assessments and their implications on annual tax obligations.
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 Forsyth County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Archdale | $470 | $470 | $470 | $470 | $470 |
| Belews Creek | $572 | $949 | $1,402 | $2,127 | $3,310 |
| Bethania | $1,410 | $1,410 | $1,410 | $1,410 | $1,410 |
| Clemmons | $1,164 | $1,525 | $2,171 | $2,830 | $3,557 |
| Colfax | $1,485 | $1,737 | $2,398 | $2,860 | $3,408 |
| Germanton | $224 | $628 | $947 | $1,325 | $1,976 |
| High Point | $497 | $690 | $838 | $1,328 | $1,925 |
| Kernersville | $880 | $1,289 | $1,968 | $2,821 | $3,671 |
| King | $710 | $1,396 | $1,571 | $1,735 | $2,236 |
| Lewisville | $983 | $1,507 | $2,131 | $3,189 | $4,554 |
| Null | $1,741 | $1,774 | $1,828 | $3,146 | $3,937 |
| Pfafftown | $808 | $1,273 | $2,075 | $2,984 | $3,847 |
| Pinnacle | $441 | $547 | $711 | $1,188 | $3,315 |
| Rural Hall | $576 | $949 | $1,288 | $1,835 | $2,643 |
| Stokesdale | $1,425 | $2,363 | $2,692 | $3,189 | $4,070 |
| Tobaccoville | $397 | $807 | $1,173 | $1,607 | $2,383 |
| Walkertown | $244 | $606 | $1,030 | $1,520 | $2,159 |
| Walnut Cove | $347 | $679 | $1,105 | $1,562 | $2,347 |
| Winston Salem | $493 | $962 | $1,718 | $2,524 | $4,107 |
Source: Ownwell