Jonesville, North Carolina Property Taxes
The median property tax rate in Jonesville, NC is 0.70%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Jonesville at $114,852, the typical annual property tax bill reaches $817, significantly less than the national median of $2,690. Property taxes in Jonesville are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Jonesville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Jonesville or another part of Yadkin County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jonesville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$804
Ownwell’s Jonesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jonesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jonesville 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 Jonesville, North Carolina
Property taxes in Jonesville, 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 Jonesville is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Jonesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jonesville 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 Jonesville's effective property tax rate to other areas in Yadkin County and the national median. For comparison, the zip code 28642 has both the highest and lowest median property tax rate of 0.70%. Understanding how these areas compare with Jonesville provides valuable insights into the varying tax landscape across Yadkin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jonesville Tax Rate
0.70%
Average Yadkin County Tax Rate
0.74%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jonesville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28642 | 0.57% | 0.70% | 0.70% | 0.76% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Jonesville, North Carolina
In Jonesville, 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 Yadkin 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 Jonesville, 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. The median home price in Jonesville is $114,852, with the 25th percentile tax bill at $562 and the 75th percentile tax bill at $1,139. The highest median tax bill is $817 in the 28642 zip code, which is also the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Jonesville, North Carolina
Source: Ownwell
$114,852
$182,286
$249,719
Average Jonesville Assessed Value
$114,852
Average Yadkin County Assessed Value
$133,219
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jonesville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28642 | $50,533 | $77,383 | $114,852 | $159,667 | $222,514 |
Source: Ownwell
Property Tax Bills Across Jonesville, North Carolina
In Jonesville, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Jonesville is $114,852. Property taxes are then levied using a specific rate applied to this assessed value. Homeowners in Jonesville can expect property tax bills that vary significantly, with the 25th percentile at $562 and the 75th percentile reaching $1,139. At the higher end, the 90th percentile tax bill climbs to $1,573. These tax amounts are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, the highest and lowest median tax bills both stand at $817, found in the 28642 zip code. Compared to the national median property tax rate of 0.99%, Jonesville's property taxes can have a considerable impact on homeowners, affecting their annual budgeting and overall cost of homeownership.
Average Jonesville Tax Bill
$817
Average Yadkin County Tax Bill
$1,085
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Jonesville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28642 | $391 | $562 | $817 | $1,139 | $1,573 |
Source: Ownwell