King, Forsyth County, North Carolina Property Taxes
Median King, NC effective property tax rate: 1.15%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median King, NC home value: $137,800
Median annual King, NC tax bill: $1,571, $829 lower than the national median property tax bill of $2,400.
How are property taxes in Forsyth calculated?
Property taxes in King, 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 King’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in King, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
King, Forsyth County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.15%
Estimate Property Tax Bill
$1,585
$1,471
Property Tax Rates Across King, Forsyth County, North Carolina
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 King Tax Rate
1.15%
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 Forsyth County Tax Rate
1.34%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across King, Forsyth County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27021 | 0.77% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across King, Forsyth County, North Carolina
When examining property taxes in King, North Carolina, 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 May. 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 King. For example, the median home price in King is $137,800, with tax bills ranging significantly across the county. Zip code 27021 has the highest median home price at $137,800.
Property Tax Assessment Values Across King, Forsyth County, North Carolina
Source: Ownwell
$76,500
$217,050
$357,600
Median King Market Value
$137,800
Median Forsyth County Market Value
$158,100
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across King, Forsyth County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27021 | $113,190 | $123,450 | $137,800 | $152,825 | $203,170 |
Source: Ownwell
Property Tax Bills Across King, Forsyth County, North Carolina
In King, located in Forsyth County, NC, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the property's market value, which is determined by the local tax assessor. Homeowners in King face a median property tax bill of $1,571, which is significantly lower than the national median of $2,400. The tax rate in this area is a crucial factor influencing these bills, as it determines the proportion of the home’s assessed value that is payable as tax. Factors such as neighborhood developments and market trends can also impact the assessed value, thereby affecting the tax bill.
Ownwell assists homeowners in King by identifying potential savings on property tax bills. Through expert analysis and appeal services, Ownwell helps ensure that properties are assessed fairly, potentially reducing the tax burden. By leveraging local insights and expertise, Ownwell maximizes savings, allowing homeowners to enjoy financial relief without the stress of navigating the complex property tax landscape on their own.
Median King Tax Bill
$1,571
Median Forsyth County Tax Bill
$1,791
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across King, Forsyth County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27021 | $710 | $1,359 | $1,571 | $1,735 | $2,236 |
Source: Ownwell