Wilkesboro, North Carolina Property Taxes
The median property tax rate in Wilkesboro, NC is 0.74%, 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 Wilkesboro at $138,225, the typical annual property tax bill reaches $964, significantly below the national median of $2,690. Property taxes in Wilkesboro are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Wilkesboro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Wilkesboro 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
Wilkesboro, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,023
$949
Ownwell’s Wilkesboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilkesboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in 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 Wilkesboro, North Carolina
Property taxes in Wilkesboro, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilkesboro is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Wilkesboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, 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 Wilkesboro's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28697 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with 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 Wilkesboro Tax Rate
0.74%
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 Wilkesboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28697 | 0.65% | 0.65% | 0.74% | 0.75% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Wilkesboro, North Carolina
In 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 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 Wilkesboro is $138,225, with tax bills ranging from $574 at the 25th percentile to $1,506 at the 75th percentile, and up to $2,256 at the 90th percentile. The zip code 28697 has both the highest and lowest median tax bill of $964. 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 Wilkesboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Wilkesboro, North Carolina
Source: Ownwell
$87,490
$155,103
$222,715
Average Wilkesboro Assessed Value
$138,225
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 Wilkesboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28697 | $54,680 | $85,330 | $138,225 | $210,478 | $322,705 |
Source: Ownwell
Property Tax Bills Across Wilkesboro, North Carolina
In Wilkesboro, NC, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by the local tax assessor and is used to calculate the property tax bill. For instance, with a median home price of $138,225 in Wilkesboro, homeowners can expect varying tax bills depending on the specific assessed value of their property and the local tax rate. Factors such as property size, location, and any improvements made can influence the assessed value. Homeowners in Wilkesboro typically see tax bills ranging from $574 at the 25th percentile to $1506 at the 75th percentile, with the top 10% reaching up to $2256. The median tax bill in the area stands at $964, which is below the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Wilkesboro Tax Bill
$964
Average Wilkes County Tax Bill
$770
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilkesboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28697 | $362 | $574 | $964 | $1,506 | $2,256 |
Source: Ownwell