North Wilkesboro, North Carolina Property Taxes
The median property tax rate in North Wilkesboro, NC is 0.76%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $98,775 in North Wilkesboro, the typical annual property tax bill amounts to $756, significantly below the national median of $2,690. Property taxes in North Wilkesboro are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. 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 the city, comprehending 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
0.76%
Estimate Property Tax Bill
$751
$697
Ownwell’s North Wilkesboro Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in North Wilkesboro with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in North Wilkesboro to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is determined by Wilkes County for property tax purposes, and it includes any applicable exemptions.
Property Tax Rates Across North Wilkesboro, North Carolina
Property taxes in North Wilkesboro, North Carolina, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Wilkesboro is 0.76%, which is lower than 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 0.76%, while the lowest median tax rate is also 0.76% within the same zip code. Understanding how these cities compare with North Wilkesboro 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 North Wilkesboro Tax Rate
0.76%
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 North Wilkesboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28659 | 0.70% | 0.73% | 0.76% | 0.77% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across North Wilkesboro, North Carolina
In North Wilkesboro, 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 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. The median home price in North Wilkesboro is $98,775, with tax bills ranging from $493 at the 25th percentile to $1,739 at the 90th percentile. The highest and lowest median tax bills are both $756, found in zip code 28659. 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 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
$87,490
$155,103
$222,715
Average North Wilkesboro Assessed Value
$98,775
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 North Wilkesboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28659 | $46,391 | $67,842 | $98,775 | $146,378 | $217,209 |
Source: Ownwell
Property Tax Bills Across North Wilkesboro, North Carolina
In North Wilkesboro, Wilkes County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in North Wilkesboro is $98,775. Property taxes are then applied to this assessed value using the local tax rate. For instance, the 25th percentile tax bill is $493, while the 75th percentile tax bill is $1,138, and the 90th percentile tax bill reaches $1,739. This means that depending on the value of your property and the specific percentile it falls into, your tax bill can vary significantly. For homeowners, this affects annual budgeting and can impact decisions related to property investments and maintenance. The highest and lowest median tax bills in the area both stand at $756, highlighting a relatively uniform tax rate across different neighborhoods. Compared to the national median property tax rate of 0.99%, North Wilkesboro offers a competitive rate, making it an appealing location for potential homeowners.
Average North Wilkesboro Tax Bill
$756
Average Wilkes County Tax Bill
$770
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 | $316 | $493 | $756 | $1,138 | $1,739 |
Source: Ownwell