Thurmond, Wilkes County, North Carolina Property Taxes
Median Thurmond, NC effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Thurmond, NC home value: $87,490
Median annual Thurmond, NC tax bill: $603, $1,797 lower than the national median property tax bill of $2,400.
How are property taxes in Wilkes 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, Wilkes County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.5%
Estimate Property Tax Bill
$1,447
$1,343
Property Tax Rates Across Thurmond, Wilkes County, North Carolina
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 Thurmond’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.
Thurmond, located in Wilkes County, boasts a median property tax rate of 0.72%. This figure is significantly lower than the national median property tax rate of 1.02%. For homeowners in Thurmond, this means potentially lower property tax bills compared to many other parts of the country. The savings can be substantial when considering the national median property tax bill of $2,400. Thurmond's property tax rate aligns with both the highest and lowest rates observed within the region, showcasing a consistent approach to property taxation within the area. This consistency can offer peace of mind to property owners, knowing that their tax rates are stable and predictable.
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
1.50%
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 Thurmond, Wilkes County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28683 | 1.26% | 1.47% | 1.50% | 1.66% | 2.95% |
Source: Ownwell
Property Tax Assessment Values Across Thurmond, Wilkes 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 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 Thurmond. For example, the median home price in Thurmond is $87,490, with tax bills ranging significantly across the county. Zip code 28683 has the highest median home price at $87,490.
Property Tax Assessment Values Across Thurmond, Wilkes County, North Carolina
Source: Ownwell
$92,630
$157,918
$223,205
Median Thurmond Market Value
$96,470
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 Thurmond, Wilkes County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28683 | $46,824 | $62,550 | $96,470 | $155,830 | $246,160 |
Source: Ownwell
Property Tax Bills Across Thurmond, Wilkes County, North Carolina
In Thurmond, located in Wilkes County, North Carolina, property tax bills are calculated based on the assessed value of a home. The median home price in Thurmond is $87,490. Homeowners here face a property tax bill that ranges from the 25th percentile at $424 to the 90th percentile at $1,670. The highest and lowest median tax bills in the area both stand at $603, which is significantly lower than the national median property tax bill of $2,400. This discrepancy highlights the relatively lower property tax burden in Thurmond compared to the national average.
Factors influencing the tax bill include the assessed value of the property and the local tax rate. For homeowners, a lower tax bill can mean more savings and less financial strain. Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By analyzing property assessments and ensuring accurate valuations, Ownwell helps homeowners achieve fair tax rates, maximizing their savings and reducing unnecessary expenses.
Median Thurmond Tax Bill
$1,572
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 Thurmond, Wilkes County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28683 | $731 | $1,007 | $1,572 | $2,885 | $4,779 |
Source: Ownwell