Ferguson, Wilkes County, North Carolina Property Taxes
Median Ferguson, NC effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Ferguson, NC home value: $125,195
Median annual Ferguson, NC tax bill: $873, $1,527 lower than the national median property tax bill of $2,400.
How are property taxes in Wilkes County calculated?
Property taxes in Ferguson, 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 Ferguson’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ferguson, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ferguson, Wilkes County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$939
$871
Ownwell’s Ferguson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ferguson with just two data points.
By entering your property's estimated assessed value, our calculator applies Ferguson’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 Wilkes County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Ferguson, Wilkes County, North Carolina
Local government entities determine property tax rates, which can differ significantly across a state. Each year, counties estimate the necessary budget to fund services and divide this by the total value of all taxable properties within their area. This calculation establishes the property tax rate. While the process involves votes and legislation, this is essentially how it works annually.
Ferguson, located in county 37193 in North Carolina, offers an intriguing comparison of property tax rates. The median property tax rate in North Carolina is 0.75%, which is below the national median rate of 1.02%. This indicates that property owners in Ferguson may benefit from relatively lower property tax rates compared to other parts of the country.
By comparing Ferguson's effective property tax rate with other cities in North Carolina and the national average, property owners can gain valuable insights into how their taxes measure up. This comparison can be instrumental in making informed decisions about property investments and understanding the financial landscape of owning property in Ferguson.
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 Ferguson Tax Rate
0.75%
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 Wilkes County Tax Rate
0.75%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ferguson, Wilkes County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28624 | 0.46% | 0.75% | 0.75% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Ferguson, Wilkes County, North Carolina
When examining property taxes in Ferguson, North Carolina, 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 Wilkes 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 Wilkes 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 Ferguson.
For example, the median home price in Ferguson is $125,195, with tax bills ranging significantly across the county. Zip code 28624 has the highest median home price at $125,195.
Property Tax Assessment Values Across Ferguson, Wilkes County, North Carolina
Source: Ownwell
$87,490
$155,103
$222,715
Median Ferguson Market Value
$125,195
Median Wilkes County Market Value
$107,250
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ferguson, Wilkes County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28624 | $42,369 | $69,698 | $125,195 | $228,562 | $392,655 |
Source: Ownwell
Property Tax Bills Across Ferguson, Wilkes County, North Carolina
In Ferguson, located in Wilkes County, NC, property tax bills are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $125,195, the property tax bills can significantly impact homeowners. The 25th percentile tax bill is $466, while the 75th percentile reaches $1,597, and the 90th percentile climbs to $2,740. These figures highlight the range of property tax liabilities that homeowners may face, depending on their property's assessed value and the local tax rate. Compared to the national median property tax bill of $2,400, Ferguson's property taxes can be relatively moderate, but they still represent a substantial expense for many homeowners.
Ownwell can assist homeowners in Ferguson by appealing their property tax assessments and ensuring they are not overpaying. By leveraging expertise and local market insights, Ownwell helps identify discrepancies in property assessments and secures potential savings. This service can lead to reduced tax bills, providing financial relief and peace of mind to homeowners in Ferguson.
Median Ferguson Tax Bill
$873
Median Wilkes County Tax Bill
$770
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Ferguson, Wilkes County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28624 | $262 | $466 | $873 | $1,597 | $2,740 |
Source: Ownwell