Westfield, Stokes County, North Carolina Property Taxes
Median Westfield, 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 Westfield, NC home value: $123,100
Median annual Westfield, NC tax bill: $825, $1,575 lower than the national median property tax bill of $2,400.
How are property taxes in Stokes County calculated?
Property taxes in Westfield, 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 Westfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Westfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Westfield, Stokes County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$911
$845
Property Tax Rates Across Westfield, Stokes County, North Carolina
Local government entities are responsible for setting property tax rates, and these can vary significantly even within the same state. Each county calculates its required budget for services annually and divides this by the total value of all taxable property within its jurisdiction to establish the property tax rate. This process, though subject to votes and laws, is essentially how tax rates are determined each year.
In Westfield, located in Stokes County, North Carolina, the effective property tax rate is 0.74%. This rate is notably lower than the national median property tax rate of 1.02%, offering residents a more affordable tax burden compared to many other areas across the country. When compared to the median property tax rate in North Carolina, Westfield maintains a competitive position, providing a financial advantage to its property owners. This lower tax rate can be particularly appealing for homeowners seeking to reduce their annual expenses. By understanding these local tax dynamics, property owners in Westfield can make informed decisions about their investments and manage their budgets more effectively.
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 Westfield Tax Rate
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 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 Westfield, Stokes County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27053 | 0.40% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Westfield, Stokes County, North Carolina
When examining property taxes in Westfield, 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.
In Stokes 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 Westfield. For example, the median home price in Westfield is $123,100, with tax bills ranging significantly across the county. Zip code 27053 has the highest median home price at $123,100.
Property Tax Assessment Values Across Westfield, Stokes County, North Carolina
Source: Ownwell
$83,700
$115,700
$147,700
Median Westfield Market Value
$123,100
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 Westfield, Stokes County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27053 | $44,100 | $79,800 | $123,100 | $196,500 | $295,220 |
Source: Ownwell
Property Tax Bills Across Westfield, Stokes County, North Carolina
Median Westfield Tax Bill
$825
Median Stokes County Tax Bill
$951
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Westfield, Stokes County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27053 | $297 | $517 | $825 | $1,252 | $1,906 |
Source: Ownwell