Moravian Falls, Wilkes County, North Carolina Property Taxes

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Moravian Falls’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.

In Moravian Falls, located in Wilkes County, the property tax rate is notably below the national median of 1.02%. This presents an advantageous scenario for property owners, as the tax burden is lighter compared to many other regions. The median property tax rate in North Carolina is 0.74%, which is consistent across the state, including Moravian Falls. This uniformity offers predictability for homeowners. When compared to the national median property tax bill of $2400, property owners in Moravian Falls may find themselves paying significantly less annually. This financial relief can be a decisive factor for those considering purchasing or maintaining property in this picturesque area.

In Moravian Falls, Wilkes County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the area is $115,880, with property tax bills varying significantly across different percentiles. For example, homeowners in the 25th percentile pay around $498, while those in the 75th percentile face bills of approximately $1,318. The 90th percentile sees bills as high as $2,022. These figures indicate a range of property tax burdens, compared to the national median property tax bill of $2,400.

Homeowners in Moravian Falls can potentially reduce their property tax bills by appealing their assessments or seeking exemptions. Ownwell specializes in helping homeowners navigate this process, providing expert guidance to ensure fair property valuations and identify possible exemptions. By leveraging Ownwell's services, homeowners can achieve significant savings, easing the financial burden of property taxes and ensuring they are not overpaying based on their property's assessed value.