Thurmond, Surry County, North Carolina Property Taxes

Name: Property Tax Bills Across Thurmond, Surry County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Thurmond, NC effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, and lower than the North Carolina state median of 0.81%.
Median Thurmond, NC home value: $130,610
Median annual Thurmond, NC tax bill: $780, $1,620 lower than the national median property tax bill of $2,400.

How are property taxes in Surry County calculated?

Property taxes in Thurmond, 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 Thurmond's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thurmond, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Thurmond, Surry County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$849

$788

Ownwell’s Thurmond Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thurmond with just two data points. By entering your property's estimated assessed value, our calculator applies Thurmond’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Surry County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Thurmond, Surry County, North Carolina

Local government entities in Thurmond, North Carolina, determine property tax rates, which can vary greatly across the state. This variation is because each county, including Surry, annually estimates its required budget for services and divides this by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although the process involves votes and laws, this is the crux of how rates are determined each year. In Thurmond, the effective property tax rate stands out when compared to other cities in North Carolina, reflecting local government decisions and economic factors unique to the area. The median property tax rate in North Carolina is generally lower than the national median of 1.02%, with Thurmond's rate aligning with this trend. This makes Thurmond an attractive location for property owners looking for lower tax burdens compared to the national average. Overall, understanding these local tax dynamics can help property owners in Thurmond make informed decisions about their investments and financial planning.

Property Tax Rates Across Thurmond, Surry County, North Carolina

Source: Ownwell

0.63%

0.69%

0.74%

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 Thurmond Tax Rate

0.65%

Median Effective Surry County Tax Rate

0.69%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Thurmond, Surry County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28683	0.38%	0.63%	0.65%	0.68%	0.71%

Source: Ownwell

Property Tax Assessment Values Across Thurmond, Surry County, North Carolina

When examining property taxes in Thurmond, NC, 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 Surry 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.

In Surry County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Thurmond. For example, the median home price in Thurmond is $130,610, with tax bills ranging significantly across the county. Zip code 28683 has the highest median home price at $130,610.

Property Tax Assessment Values Across Thurmond, Surry County, North Carolina

Source: Ownwell

$73,950

$120,985

$168,020

Median Thurmond Market Value

$130,610

Median Surry County Market Value

$116,885

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Thurmond, Surry County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28683	$57,052	$85,970	$130,610	$208,740	$317,900

Source: Ownwell

Property Tax Bills Across Thurmond, Surry County, North Carolina

In Thurmond, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Surry County, where Thurmond is located, the median home price is $130,610. Homeowners typically see tax bills ranging from $520 at the 25th percentile to $1,768 at the 90th percentile. Comparatively, the national median property tax bill is $2,400, indicating that Thurmond's tax bills are generally lower. However, even within Thurmond, there can be significant variability, with the highest and lowest median tax bills both at $780 in the 28683 zip code.

Ownwell assists homeowners by reviewing their property assessments to identify potential inaccuracies or overvaluations. By filing appeals on behalf of homeowners, Ownwell can help reduce property tax bills, ensuring that homeowners pay only their fair share. This service can lead to substantial savings, easing the financial burden on Thurmond homeowners.

Property Tax Bills Across Thurmond, Surry County, North Carolina

Source: Ownwell

$550

$793

$1,035

Median Thurmond Tax Bill

$780

Median Surry County Tax Bill

$778

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Thurmond, Surry County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28683	$361	$520	$780	$1,225	$1,768

Source: Ownwell