Thomasville, Davidson County, North Carolina Property Taxes
Median Thomasville, NC effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Thomasville, NC home value: $121,885
Median annual Thomasville, NC tax bill: $1,184, $1,216 lower than the national median property tax bill of $2,400.
How are property taxes in Davidson calculated?
Property taxes in Thomasville, 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 Thomasville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thomasville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Thomasville, Davidson County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.16%
Estimate Property Tax Bill
$1,414
$1,312
Property Tax Rates Across Thomasville, Davidson County, North Carolina
Local government entities determine tax rates, leading to significant variation within a state. This process involves each county estimating its annual budget to provide essential services and dividing that by the total value of all taxable property within its borders, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially how the process unfolds each year.
In Thomasville, located in Davidson County, property tax rates reflect this calculation method. When comparing Thomasville's effective property tax rate to other cities in North Carolina, it is notable that Thomasville's rate aligns with the highest and lowest median tax rates within its own zip code. This consistency indicates a uniform approach in the area. Additionally, when compared to North Carolina's median property tax rate and the national median, Thomasville's rate offers insight into how local rates stack up against broader benchmarks. Understanding these comparisons can provide property owners with a clearer picture of their tax obligations and how they relate to regional and national standards.
Property Tax Rates Across Thomasville, Davidson County, North Carolina
Source: Ownwell
0.60%
0.88%
1.16%
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 Thomasville Tax Rate
1.16%
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 Davidson County Tax Rate
0.65%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Thomasville, Davidson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27360 | 0.63% | 0.64% | 1.16% | 1.35% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Thomasville, Davidson County, North Carolina
When examining property taxes in Thomasville, 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 Davidson 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 Davidson 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 Thomasville.
For example, the median home price in Thomasville is $121,885, with tax bills ranging significantly across the county. Zip code 27360 has the highest median home price at $121,885.
Property Tax Assessment Values Across Thomasville, Davidson County, North Carolina
Source: Ownwell
$116,290
$202,910
$289,530
Median Thomasville Market Value
$121,885
Median Davidson County Market Value
$147,820
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Thomasville, Davidson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27360 | $57,560 | $85,272 | $121,885 | $170,152 | $242,249 |
Source: Ownwell
Property Tax Bills Across Thomasville, Davidson County, North Carolina
Property Tax Bills Across Thomasville, Davidson County, North Carolina
Source: Ownwell
$696
$1,668
$2,639
Median Thomasville Tax Bill
$1,184
Median Davidson County Tax Bill
$1,125
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Thomasville, Davidson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27360 | $509 | $776 | $1,184 | $1,601 | $2,126 |
Source: Ownwell