North Wilkesboro, North Carolina Property Taxes
The median property tax rate in North Wilkesboro, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $256,450, the typical annual property tax bill in North Wilkesboro is $1,026, which is well below the national median of $2,690. Property taxes in this region are calculated based on the assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding North Wilkesboro'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 North Wilkesboro or another part of Avery County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Wilkesboro, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$1,026
$952
Ownwell’s North Wilkesboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Wilkesboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Wilkesboro 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 North Wilkesboro, North Carolina
Property taxes in North Wilkesboro, 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 North Wilkesboro is 0.40%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within North Wilkesboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Wilkesboro 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 North Wilkesboro's effective property tax rate to other counties in North Carolina and the national median. For comparison, the ZIP code 28659 has the highest median property tax rate of 0.40%, while also having the lowest median tax rate of 0.40%. Understanding how these cities compare with North Wilkesboro provides valuable insights into the varying tax landscape across Avery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Wilkesboro Tax Rate
0.40%
Average Avery County Tax Rate
0.40%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Wilkesboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28659 | 0.40% | 0.40% | 0.40% | 0.40% | 0.40% |
Source: Ownwell
Property Tax Assessment Values Across North Wilkesboro, North Carolina
In North Wilkesboro, North Carolina, understanding the distinction between "market value" and "assessed value" is essential for grasping 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 such as location, property condition, and economic trends. This value is estimated by the county's appraisal district for tax purposes. Conversely, 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 North Wilkesboro, 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. For example, the median home price here is $256,450, with tax bills ranging from $573 at the 25th percentile to $1,479 at the 75th percentile. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across North Wilkesboro, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average North Wilkesboro Assessed Value
$256,450
Average Avery County Assessed Value
$135,500
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Wilkesboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28659 | $75,290 | $143,225 | $256,450 | $369,675 | $437,610 |
Source: Ownwell
Property Tax Bills Across North Wilkesboro, North Carolina
In North Wilkesboro, Avery County, NC, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. The median home price in North Wilkesboro is $256,450. To determine the tax bill, the assessed value is multiplied by the local tax rate. For example, the highest median tax bill in the area is $1,026, found in zip code 28659. Homeowners in the 25th percentile can expect a tax bill around $573, while those in the 75th percentile might see bills up to $1,479. The 90th percentile tax bill reaches $1,750. These figures show that property taxes can vary significantly within the region, depending on the assessed value of the property and the applicable tax rate. Compared to the national median property tax rate of 0.99%, North Wilkesboro’s property taxes can be considered moderate, impacting homeowners' annual expenses and overall cost of living.
Average North Wilkesboro Tax Bill
$1,026
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across North Wilkesboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28659 | $301 | $573 | $1,026 | $1,479 | $1,750 |
Source: Ownwell