Colfax, Forsyth County, North Carolina Property Taxes

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

Median Colfax, NC effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but higher than the NC state median of 0.82%.
Median Colfax, NC home value: $302,500
Median annual Colfax, NC tax bill: $2,398, $2 lower than the national median property tax bill of $2,400.

How are property taxes in Forsyth calculated?

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

Last Updated March 1, 2025

Colfax, Forsyth County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$2,511

$2,330

Ownwell’s Colfax Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Colfax with just two data points.

By entering your property's estimated assessed value, our calculator applies Colfax’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 Forsyth County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Colfax, Forsyth County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Annually, 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 Colfax’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S. Colfax, situated in Forsyth County, showcases a median property tax rate of 0.83%, aligning with the highest and lowest rates within the same ZIP code. Comparatively, the national median property tax rate stands at 1.02%, which suggests that property owners in Colfax enjoy a relatively lower tax burden. With the national median property tax bill at $2400, residents in Colfax might find their bills more manageable. This favorable tax rate can be an attractive factor for potential property buyers and investors looking at North Carolina, especially when considering the financial obligations tied to property ownership.

Property Tax Rates Across Colfax, Forsyth County, North Carolina

Source: Ownwell

0.78%

1.06%

1.34%

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 Colfax Tax Rate

0.83%

Median Effective Forsyth County Tax Rate

1.34%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Colfax, Forsyth County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27235	0.78%	0.78%	0.83%	0.83%	0.83%

Source: Ownwell

Property Tax Assessment Values Across Colfax, Forsyth County, North Carolina

When examining property taxes in Colfax, 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 Forsyth 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 Forsyth 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 Colfax. For example, the median home price in Colfax is $302,500, with tax bills ranging significantly across the county. Zip code 27235 has the highest median home price at $302,500.

Property Tax Assessment Values Across Colfax, Forsyth County, North Carolina

Source: Ownwell

$76,500

$217,050

$357,600

Median Colfax Market Value

$302,500

Median Forsyth County Market Value

$158,100

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Colfax, Forsyth County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27235	$188,680	$230,200	$302,500	$358,100	$421,580

Source: Ownwell

Property Tax Bills Across Colfax, Forsyth County, North Carolina

In Colfax, located in Forsyth County, NC, property tax bills are determined by the assessed value of a home combined with the local tax rate. The median home price in the area is $302,500, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $1,737, while the 75th percentile reaches $2,860, and the 90th percentile can go up to $3,408. These figures indicate that homeowners in Colfax might pay more than the national median property tax bill of $2,400. The tax rate and assessed value are crucial factors in determining the final tax bill, impacting homeowners' annual expenses. Ownwell offers valuable services to homeowners by providing professional property tax appeal and exemption assistance. By leveraging their expertise, homeowners can potentially lower their tax bills, ensuring they are not overpaying. Ownwell's services are designed to maximize savings, making property ownership more affordable and less burdensome.

Property Tax Bills Across Colfax, Forsyth County, North Carolina

Source: Ownwell

$896

$1,942

$2,987

Median Colfax Tax Bill

$2,398

Median Forsyth County Tax Bill

$1,791

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Colfax, Forsyth County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27235	$1,456	$1,728	$2,398	$2,860	$3,440

Source: Ownwell