Mc Grady, Wilkes County, North Carolina Property Taxes
Median MC GRADY, NC effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median MC GRADY, NC home value: $100,490
Median annual MC GRADY, NC tax bill: $687, $1,713 lower than the national median property tax bill of $2,400.
How are property taxes in Wilkes County calculated?
Property taxes in MC GRADY, 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 MC GRADY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MC GRADY, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mc Grady, Wilkes County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.58%
Estimate Property Tax Bill
$1,600
$1,485
Property Tax Rates Across Mc Grady, Wilkes County, North Carolina
Local government entities are responsible for setting property tax rates, leading to significant variations across different areas within a state. The process involves each county estimating its necessary budget to fund public services and dividing this amount by the total value of all taxable property within its borders. This calculation determines the property tax rate, which is subject to votes and legislative measures.
In MC GRADY, located in Wilkes County, NC, the effective property tax rate is a reflection of this process. When comparing MC GRADY's tax rate to other cities across North Carolina, it's important to note that the state's median property tax rate is below the national median of 1.02%. This offers an advantage to property owners in North Carolina, as they typically face lower property tax bills compared to the national median bill of $2400. Understanding these differences can empower property owners to make informed decisions about appealing their property taxes or seeking exemptions.
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 Mc Grady Tax Rate
1.58%
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 Wilkes County Tax Rate
1.54%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mc Grady, Wilkes County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28649 | 1.12% | 1.54% | 1.58% | 1.58% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Mc Grady, Wilkes County, North Carolina
When examining property taxes in MC GRADY, 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 Wilkes 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 Wilkes 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 MC GRADY.
For example, the median home price in MC GRADY is $100,490, with tax bills ranging significantly across the county. Zip code 28649 has the highest median home price at $100,490.
Property Tax Assessment Values Across Mc Grady, Wilkes County, North Carolina
Source: Ownwell
$92,630
$157,918
$223,205
Median Mc Grady Market Value
$101,280
Median Wilkes County Market Value
$108,980
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mc Grady, Wilkes County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28649 | $42,400 | $64,070 | $101,280 | $161,640 | $259,610 |
Source: Ownwell
Property Tax Bills Across Mc Grady, Wilkes County, North Carolina
Median Mc Grady Tax Bill
$1,729
Median Wilkes County Tax Bill
$1,837
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Mc Grady, Wilkes County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28649 | $661 | $1,017 | $1,729 | $2,832 | $4,731 |
Source: Ownwell