Winston Salem, Forsyth County, North Carolina Property Taxes

Name: Property Tax Bills Across Winston Salem, Forsyth County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median WINSTON SALEM, NC effective property tax rate: 1.31%, significantly higher than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median WINSTON SALEM, NC home value: $140,100
Median annual WINSTON SALEM, NC tax bill: $1,718, $682 lower than the national median property tax bill of $2,400.

How are property taxes in Forsyth calculated?

Property taxes in WINSTON SALEM, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding WINSTON SALEM’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in WINSTON SALEM, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Winston Salem, Forsyth County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.31%

Estimate Property Tax Bill

$1,835

$1,703

Ownwell’s WINSTON SALEM Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in WINSTON SALEM with just two data points. By entering your property's estimated assessed value, our calculator applies WINSTON SALEM’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Forsyth. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Winston Salem, Forsyth County, North Carolina

Local government entities in Winston Salem set property tax rates, which can vary significantly within North Carolina. This variation is due to the annual process where Forsyth County calculates its required budget to provide essential services. By dividing this budget by the total assessed value of all taxable property within the county, the property tax rate is determined. Although setting tax rates and budgets involves votes and legislation, this calculation forms the core of the process.

Winston Salem's effective property tax rate offers a point of comparison with other cities in North Carolina, as well as with the state and national medians. With a median property tax rate of 1.31%, Winston Salem aligns with Forsyth County's highest and lowest median tax rates, both at 1.31%. This rate is notably higher than the national median property tax rate of 1.02%. Understanding these figures can provide valuable insights into the property tax landscape in Winston Salem and how it compares to broader state and national trends.

Property Tax Rates Across Winston Salem, Forsyth County, North Carolina

Source: Ownwell

0.78%

1.05%

1.31%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Winston Salem Tax Rate

1.31%

Median Effective Forsyth County Tax Rate

1.31%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Winston Salem, Forsyth County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27040	1.31%	1.31%	1.31%	1.31%	1.31%
27101	0.78%	1.31%	1.31%	1.31%	1.31%
27103	0.97%	1.31%	1.31%	1.31%	1.31%
27104	1.31%	1.31%	1.31%	1.31%	1.31%
27105	0.80%	1.31%	1.31%	1.31%	1.31%
27106	0.77%	1.31%	1.31%	1.31%	1.31%
27107	0.80%	1.31%	1.31%	1.31%	1.31%
27127	0.75%	1.31%	1.31%	1.31%	1.31%
27284	1.23%	1.31%	1.31%	1.31%	1.31%
27045	N/A	N/A	N/A	N/A	N/A
NULLN	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Winston Salem, Forsyth County, North Carolina

When examining property taxes in Winston Salem, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Forsyth County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Forsyth County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Winston Salem.

For example, the median home price in Winston Salem is $140,100, with tax bills ranging significantly across the county. Zip code 27104 has the highest median home price at $224,450.

Property Tax Assessment Values Across Winston Salem, Forsyth County, North Carolina

Source: Ownwell

$76,700

$217,150

$357,600

Median Winston Salem Market Value

$140,100

Median Forsyth County Market Value

$158,600

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Winston Salem, Forsyth County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27040	$144,550	$157,275	$203,350	$224,325	$283,650
27101	$27,420	$54,600	$112,000	$182,100	$299,260
27103	$94,900	$131,400	$164,000	$216,000	$279,470
27104	$85,700	$132,000	$224,450	$373,250	$611,170
27105	$25,100	$42,500	$76,700	$118,800	$161,200
27106	$90,100	$128,300	$189,000	$318,000	$509,400
27107	$24,300	$42,500	$96,200	$160,200	$204,600
27127	$59,500	$89,300	$136,000	$170,600	$208,700
27284	$153,740	$168,550	$186,800	$217,550	$278,900
27045	N/A	N/A	N/A	N/A	N/A
NULLN	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Winston Salem, Forsyth County, North Carolina

In Winston Salem, Forsyth County, NC, property tax bills are determined by applying the local tax rate to the assessed value of a home. The assessed value is derived from the market value, which is influenced by factors such as the home's location, size, and condition. Homeowners in Winston Salem typically face tax bills that vary significantly, with the 25th percentile at $962 and the 75th percentile reaching $2,524. The highest median tax bill in the area is $2,913, while the lowest is $870, indicating a notable range based on location and property features. Compared to the national median property tax bill of $2,400, Winston Salem's bills can be more affordable, but they can also exceed this average depending on the neighborhood. Ownwell assists homeowners by providing expert property tax appeal services, potentially reducing their tax burdens. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure homeowners pay only their fair share, offering peace of mind and financial savings.

Property Tax Bills Across Winston Salem, Forsyth County, North Carolina

Source: Ownwell

$837

$1,875

$2,913

Median Winston Salem Tax Bill

$1,718

Median Forsyth County Tax Bill

$1,755

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Winston Salem, Forsyth County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27040	$1,658	$1,982	$2,620	$2,938	$3,727
27101	$349	$626	$1,230	$2,174	$3,411
27103	$1,068	$1,646	$2,057	$2,721	$3,510
27104	$1,092	$1,704	$2,913	$4,873	$7,995
27105	$300	$511	$870	$1,432	$2,023
27106	$1,014	$1,531	$2,323	$3,919	$6,410
27107	$300	$516	$1,106	$1,930	$2,528
27127	$679	$1,076	$1,625	$2,134	$2,574
27284	$1,713	$2,156	$2,439	$2,789	$3,523
27045	N/A	N/A	N/A	N/A	N/A
NULLN	N/A	N/A	N/A	N/A	N/A

Source: Ownwell