Purlear, North Carolina Property Taxes
The median property tax rate in Purlear, NC is 0.75%, 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 Purlear at $131,315, the typical annual property tax bill amounts to $921, significantly below the national median of $2,690. Property taxes in Purlear are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Purlear'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 Purlear or another part of Wilkes County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Purlear, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$985
$914
Ownwell’s Purlear Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Purlear. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Purlear to project your property tax bill. This valuable resource provides a clear understanding of your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Purlear, North Carolina
Property taxes in Purlear, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Purlear is 0.75%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Purlear set these rates annually, and they can vary significantly across different neighborhoods. Each year, Purlear 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 Purlear's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28665 zip code has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Purlear 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 Purlear Tax Rate
0.75%
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 Purlear, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28665 | 0.61% | 0.75% | 0.75% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Purlear, North Carolina
In Purlear, 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 Purlear, 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 Purlear helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $131,315, with the highest and lowest median tax bills both recorded at $921 for the zip code 28665.
Average Purlear Assessed Value
$131,315
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 Purlear, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28665 | $47,775 | $75,222 | $131,315 | $208,748 | $294,917 |
Source: Ownwell
Property Tax Bills Across Purlear, North Carolina
In Purlear, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Purlear, the median home price is $131,315. With the national median property tax rate being 0.99%, the tax bills in Purlear can vary significantly. For instance, the tax bill at the 25th percentile is $530, while at the 75th percentile, it rises to $1505. At the 90th percentile, homeowners might see a tax bill of up to $2041. These variations are influenced by factors like property improvements, location, and market conditions. The highest and lowest median tax bill in the area is $921, underlining the potential for variability. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Purlear Tax Bill
$921
Average Wilkes County Tax Bill
$770
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Purlear, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28665 | $326 | $530 | $921 | $1,505 | $2,041 |
Source: Ownwell