Thomasville, Randolph County, North Carolina Property Taxes

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

Median Thomasville, NC effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Thomasville, NC home value: $208,715
Median annual Thomasville, NC tax bill: $1,458, $942 lower than the national median property tax bill of $2,400.

How are property taxes in Randolph 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, Randolph County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$1,440

$1,336

Ownwell’s Thomasville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thomasville with just two data points. By entering your property's estimated assessed value, our calculator applies Thomasville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Randolph 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 Randolph County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Thomasville, Randolph County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Thomasville’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.

Property Tax Rates Across Thomasville, Randolph County, North Carolina

Source: Ownwell

0.60%

0.96%

1.33%

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

0.69%

Median Effective Randolph County Tax Rate

0.68%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Thomasville, Randolph County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27360	0.62%	0.67%	0.69%	0.77%	1.19%

Source: Ownwell

Property Tax Assessment Values Across Thomasville, Randolph 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 Randolph 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 Randolph 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 $208,715, with tax bills ranging significantly across the county. Zip code 27360 has the highest median home price at $208,715.

Property Tax Assessment Values Across Thomasville, Randolph County, North Carolina

Source: Ownwell

$78,165

$146,868

$215,570

Median Thomasville Market Value

$208,715

Median Randolph County Market Value

$167,245

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Thomasville, Randolph County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27360	$53,465	$147,440	$208,715	$273,950	$368,555

Source: Ownwell

Property Tax Bills Across Thomasville, Randolph County, North Carolina

In Thomasville, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to calculate the property tax bill. For homeowners in Thomasville, the median home price is $208,715. The property tax bill can range significantly, with the 25th percentile at $988 and the 75th percentile at $2,318. The 90th percentile reaches up to $3,092. Comparatively, the national median property tax bill is $2,400, which indicates that many Thomasville homeowners may pay less than the national average. However, factors such as changes in property values and local tax rates can impact these bills, potentially placing a financial burden on homeowners. By leveraging Ownwell's property tax appeal and exemption services, homeowners can potentially reduce their tax bills. Ownwell's expertise in identifying discrepancies and negotiating with local authorities can lead to significant savings, ensuring that homeowners pay only their fair share.

Property Tax Bills Across Thomasville, Randolph County, North Carolina

Source: Ownwell

$562

$1,239

$1,916

Median Thomasville Tax Bill

$1,458

Median Randolph County Tax Bill

$1,305

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Thomasville, Randolph County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27360	$291	$988	$1,458	$2,318	$3,092

Source: Ownwell