Walnut Cove, Stokes County, North Carolina Property Taxes

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

Median Walnut Cove, NC effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Walnut Cove, NC home value: $114,200
Median annual Walnut Cove, NC tax bill: $841, $1,559 lower than the national median property tax bill of $2,400.

How are property taxes in Stokes County calculated?

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

Last Updated March 1, 2025

Walnut Cove, Stokes County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.74%

Estimate Property Tax Bill

$845

$784

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

By entering your property's estimated assessed value, our calculator applies Walnut Cove’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 Stokes County.

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

Property Tax Rates Across Walnut Cove, Stokes County, North Carolina

Local government entities are responsible for setting property tax rates, which can vary significantly across different regions within a state. This variation is primarily because each county annually determines its budgetary requirements for providing essential services and then divides this amount by the total assessed value of all taxable property within its area. This calculation results in the property tax rate for that county. While the process involves various votes and legislative measures to establish tax rates and budgets, this is essentially how it is carried out each year.

In Walnut Cove, located in Stokes County, the effective property tax rate is 0.74%. This rate is relatively lower compared to the national median property tax rate of 1.02%. When considering property tax bills, the national median is $2,400, which provides a benchmark for comparison. Understanding these rates can help property owners in Walnut Cove better anticipate their tax obligations and make informed decisions.

Property Tax Rates Across Walnut Cove, Stokes County, North Carolina

Source: Ownwell

0.74%

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 Walnut Cove Tax Rate

0.74%

Median Effective Stokes County Tax Rate

0.74%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Walnut Cove, Stokes County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27052	0.55%	0.74%	0.74%	0.74%	1.06%

Source: Ownwell

Property Tax Assessment Values Across Walnut Cove, Stokes County, North Carolina

When examining property taxes in Walnut Cove, 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 Stokes 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. Assessment notices: In Stokes County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Walnut Cove. For example, the median home price in Walnut Cove is $114,200, with tax bills ranging significantly across the county. 27052 has the highest median home price at $114,200.

Property Tax Assessment Values Across Walnut Cove, Stokes County, North Carolina

Source: Ownwell

$83,700

$115,700

$147,700

Median Walnut Cove Market Value

$114,200

Median Stokes County Market Value

$130,100

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Walnut Cove, Stokes County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27052	$41,800	$76,700	$114,200	$171,600	$254,900

Source: Ownwell

Property Tax Bills Across Walnut Cove, Stokes County, North Carolina

In Walnut Cove, located in Stokes County, NC, property tax bills are calculated based on the assessed value of a home and the local property tax rate. The assessed value is determined by the county and reflects the market value of the property. Homeowners in Walnut Cove can expect a median property tax bill of $841, which is significantly lower than the national median of $2,400. The tax bill can vary, with the 25th percentile at $559 and the 90th percentile reaching $1,853. Factors such as property improvements, neighborhood changes, and market trends can influence these assessments, impacting the final tax bill. For homeowners, this means that while property taxes are relatively low, they still represent an important financial obligation. This is where Ownwell comes in. By offering property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills, ensuring they only pay their fair share. With expert analysis and support, Ownwell can help navigate the complexities of property tax assessments, providing peace of mind and potential savings.

Property Tax Bills Across Walnut Cove, Stokes County, North Carolina

Source: Ownwell

$619

$934

$1,249

Median Walnut Cove Tax Bill

$841

Median Stokes County Tax Bill

$951

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Walnut Cove, Stokes County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27052	$303	$559	$841	$1,281	$1,853

Source: Ownwell