Jonesville, North Carolina Property Taxes
The median property tax rate in Jonesville, NC is 0.78%, which is notably 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 $102,700, the typical annual property tax bill is approximately $786, significantly below the national median of $2,690. Property taxes in Jonesville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as 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 the city, understanding 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
0.78%
Estimate Property Tax Bill
$801
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 0.78%, 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 North Carolina and the national median. For comparison, the 28642 zip code has both the highest and lowest median property tax rate of 0.78%. Understanding how these areas compare with Jonesville provides valuable insights into the varying tax landscape across Wilkes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jonesville Tax Rate
0.78%
Average Wilkes County Tax Rate
0.75%
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 | 0.73% | 0.75% | 0.78% | 0.78% | 0.78% |
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 Wilkes 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. 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 Jonesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Jonesville is $102,700, with tax bills ranging from $465 at the 25th percentile to $1,815 at the 90th percentile.
Property Tax Assessment Values Across Jonesville, North Carolina
Source: Ownwell
$87,490
$155,103
$222,715
Average Jonesville Assessed Value
$102,700
Average Wilkes County Assessed Value
$107,250
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 | $39,594 | $60,800 | $102,700 | $158,260 | $249,518 |
Source: Ownwell
Property Tax Bills Across Jonesville, North Carolina
In JONESVILLE, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to generate the annual tax bill. The median home price in JONESVILLE is $102,700, and property tax bills can vary significantly. For example, homeowners at the 25th percentile pay around $465 annually, while those at the 75th percentile pay about $1,200. At the 90th percentile, the tax bill can reach up to $1,815. Several factors influence these variations, including property size, location, and any applicable exemptions. The property tax rate in JONESVILLE can be compared to the national median property tax rate of 0.99%, highlighting how local rates can impact homeowners differently. Higher tax bills can affect affordability and the overall cost of homeownership, making it crucial for homeowners to understand how their property is assessed and taxed.
Average Jonesville Tax Bill
$786
Average Wilkes County Tax Bill
$770
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 | $289 | $465 | $786 | $1,200 | $1,815 |
Source: Ownwell