Who sets property tax rates in Wilkes County ?
In Wilkes County, the property tax rates are set by the Wilkes County Board of Commissioners. They are responsible for determining the appropriate tax rate for the upcoming fiscal year. The board typically holds public meetings to discuss the budget and tax rates before making a final decision. Property tax rates are dependent on the assessed value of the property, and the rates are calculated based on per $100 of assessed value. Property owners in Wilkes County receive a tax bill each year that reflects the current tax rate and the assessed value of their property.
Example of Wilkes County Property Tax Calculation
Wilkes County calculates property tax based on the assessed value of the property. The assessed value is determined by the Wilkes County Tax Assessor's Office, which takes into account the property's location, size, age, and any improvements made to the property.
To calculate the property tax, the assessed value is multiplied by the current tax rate. For example, if the assessed value of a property is $100,000 and the tax rate is $1 per $100 of assessed value, the property tax would be $1,000 ($100,000 divided by 100, and then multiplied by $1).
The tax rate can vary depending on the location and type of property. Additionally, some properties may be eligible for exemptions or special assessments that can affect the final tax amount.
It's important to note that property taxes are used to fund public services such as schools, police and fire departments, and road maintenance. Paying property taxes is an important responsibility of owning a property in Wilkes County.
If you want appeal your property tax assessment - contact your local tax assessor.
Wilkes County Property Tax Rates
Here is a table of the Wilkes County Property Tax rates:
|Tax||Rate per $100 of Assessed Value|
|Municipal Tax||Varies by municipality|
|Fire District Tax||Varies by fire district|
As an active voice tax advisor, it is important to make sure that taxpayers are aware of the various property taxes they may be subject to in Wilkes County. The county tax rate is set at $0.58 per $100 of assessed value. Some municipalities within the county have their own tax rates, which vary. The school tax rate is $0.45 per $100 of assessed value. Fire district tax rates also vary depending on the district. It is recommended that taxpayers consult with their local tax authority for more information on their specific property tax obligations.
When is Wilkes County Property Tax due ?
Wilkes County Property Tax is typically due on September 1st of each year. However, if the due date falls on a weekend or holiday, the deadline is extended until the next business day. Here are some payment methods available for taxpayers in Wilkes County:
|Online||Property owners can pay their taxes online through the Wilkes County website using a credit/debit card or e-check.|
|Taxpayers can mail their payment to the Wilkes County Tax Office with a check or money order.|
|In-Person||Payments can be made in person at the Wilkes County Tax Office located at 110 North St. Suite 203 Wilkesboro, NC 28697.|
It is important to note that failure to pay property taxes by the due date can result in penalties and interest charges. Therefore, it is highly recommended to pay on or before the due date to avoid additional fees.
If you have more questions - contact your local tax collector.
Homestead exemptions in Wilkes County ?
To provide easy access to information on the county-specific Homestead exemptions and deductions in Wilkes County, North Carolina, the following table is created:
|Elderly or Disabled Exclusion||Age 65 or older OR totally and permanently disabled||Up to $25,000 of the appraised value of the permanent residence||Must apply and meet income requirements|
|Disabled Veterans Exclusion||Honorably discharged disabled veteran OR spouse of deceased disabled veteran||Up to $45,000 of the appraised value of the permanent residence||Must provide proof of eligibility|
|Circuit Breaker Tax Deferment Program||Age 65 or older OR totally and permanently disabled OR meet income requirements||Tax payment deferred until property is transferred, refinanced, or owner passes away||Must apply and meet eligibility requirements|
|Agricultural, Horticultural, and Forest Exclusion||Owners of eligible farmland, horticultural land, or forestland||Varies based on land use and acreage||Must qualify under state law and apply|
|Disabled Veteran Property Tax Exclusion||Honorably discharged disabled veteran with at least 30% disability rating||Up to $45,000 of appraised value of permanent residence if owned and occupied by veteran||Must apply and provide proof of eligibility|
Note that all exemptions and deductions are subject to change and eligibility requirements may vary. Property owners in Wilkes County are encouraged to contact the county tax assessor's office for the most up-to-date information on Homestead exemptions and deductions.
How is Wilkes County Property Tax penalty calculated ?
Wilkes County Property Tax Penalty Calculation
When a property owner fails to pay their property taxes on time, they are subject to a penalty fee. In Wilkes County, the property tax penalty is calculated as follows:
- If the taxes are not paid by January 6th, a 2% penalty is added to the total amount due.
- If the taxes are not paid by February 6th, an additional ¾% penalty is added to the total amount due.
- If the taxes are not paid by March 6th, an additional ¾% penalty is added to the total amount due.
- After March 6th, an additional ¾% penalty is added each month until the taxes are paid in full.
Example: John owns a property in Wilkes County with a total property tax bill of $1,000. He fails to pay by the January 6th deadline. Therefore, a 2% penalty of $20 is added to the total amount due, making it $1,020. John still doesn't pay the taxes by February 6th, so another ¾% penalty of $7.65 is added to the total amount due, making it $1,027.65. John continues to not pay the taxes until April 6th, resulting in an additional ¾% penalty of $7.70, bringing the total amount due to $1,035.35.
It's important for property owners in Wilkes County to make sure they pay their property taxes on time to avoid these penalty fees. If a property owner is unable to pay, they should contact the Wilkes County Tax Office to discuss payment options.
We recommend contacting the Wilkes County Tax Office or a local tax professional for the most up-to-date and accurate information.