Alamance County Property Taxes
The median property tax rate in Alamance County is 0.49%, which is significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Alamance County at $246,962, the typical annual property tax bill amounts to $1,218, well below the national median of $2,690. Property taxes in Alamance County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Alamance County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Burlington or another part of Alamance County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alamance County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,210
Ownwell’s Alamance County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Alamance County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Alamance County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Alamance County, North Carolina
Property taxes in Alamance County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Alamance County is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within Alamance County set these rates annually, and they can vary significantly between different areas within the county. Each year, Alamance County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Alamance County's effective property tax rate with other cities in North Carolina. For comparison, the city of Gibsonville has one of the higher property tax rates in North Carolina at 0.92%, while the city of Burlington boasts one of the lowest at 0.43%. Analyzing how Alamance County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Alamance County Tax Rate
0.49%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alamance County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alamance | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
| Altamahaw | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
| Burlington | 0.43% | 0.43% | 0.43% | 0.51% | 0.52% |
| Chapel Hill | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
| Efland | 0.50% | 0.50% | 0.50% | 0.50% | 0.50% |
| Elon | 0.43% | 0.43% | 0.43% | 0.53% | 0.61% |
| Gibsonville | 0.92% | 0.92% | 0.92% | 0.92% | 0.92% |
| Graham | 0.43% | 0.43% | 0.46% | 0.49% | 0.52% |
| Haw River | 0.49% | 0.49% | 0.49% | 0.87% | 0.87% |
| Liberty | 0.51% | 0.52% | 0.52% | 0.52% | 0.52% |
| Mebane | 0.50% | 0.50% | 0.80% | 0.80% | 0.80% |
| Pittsboro | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| Saxapahaw | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| Siler City | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
| Snow Camp | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Alamance County, North Carolina
In Alamance County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Alamance County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Alamance County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Alamance County, the median home price is $246,962, with tax bills ranging significantly. Chapel Hill has the highest median tax bill at $3,272, while Altamahaw has the lowest at $535. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Alamance County, North Carolina
Source: Ownwell
$100,580
$382,849
$665,118
Average Alamance County Assessed Value
$246,962
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alamance County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alamance | $148,388 | $167,288 | $198,786 | $230,956 | $250,259 |
| Altamahaw | $44,109 | $62,822 | $100,580 | $173,743 | $207,524 |
| Burlington | $101,611 | $149,118 | $216,615 | $308,882 | $433,524 |
| Chapel Hill | $441,705 | $525,485 | $665,118 | $804,751 | $888,531 |
| Efland | $165,597 | $165,597 | $165,597 | $165,597 | $165,597 |
| Elon | $120,635 | $197,796 | $284,354 | $415,968 | $535,617 |
| Gibsonville | $148,665 | $221,404 | $292,445 | $375,779 | $437,462 |
| Graham | $112,727 | $176,176 | $256,408 | $342,254 | $437,896 |
| Haw River | $105,918 | $167,452 | $256,547 | $372,472 | $478,952 |
| Liberty | $84,157 | $149,758 | $225,512 | $317,878 | $424,077 |
| Mebane | $150,691 | $226,244 | $325,664 | $415,698 | $522,577 |
| Pittsboro | $233,073 | $259,067 | $287,761 | $397,294 | $421,718 |
| Saxapahaw | $358,144 | $387,620 | $484,994 | $517,030 | $577,688 |
| Siler City | $358,012 | $413,070 | $451,186 | $463,744 | $536,646 |
| Snow Camp | $92,785 | $167,232 | $239,198 | $316,350 | $428,220 |
Source: Ownwell
Property Tax Bills Across Alamance County, North Carolina
In Alamance County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's size, age, location, and market conditions. Homeowners in Alamance County can expect a wide range of property tax bills. The 25th percentile tax bill is around $787, while the 75th percentile reaches $1,840, and the 90th percentile can be as high as $2,738. For context, the national median property tax rate is 0.99%, making Alamance's rates relatively moderate. The impact on homeowners varies significantly. In Chapel Hill, the highest median tax bill is $3,272, whereas in Altamahaw, it is as low as $535. These variations highlight the importance of understanding local property tax assessments and rates, as they directly affect the financial responsibilities of homeowners.
Average Alamance County Tax Bill
$1,218
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Alamance County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alamance | $974 | $1,098 | $1,304 | $1,516 | $1,642 |
| Altamahaw | $235 | $334 | $535 | $924 | $1,104 |
| Burlington | $454 | $675 | $1,015 | $1,469 | $2,103 |
| Chapel Hill | $2,173 | $2,585 | $3,272 | $3,959 | $4,372 |
| Efland | $831 | $831 | $831 | $831 | $831 |
| Elon | $613 | $961 | $1,407 | $2,000 | $2,760 |
| Gibsonville | $1,227 | $1,831 | $2,645 | $3,444 | $4,025 |
| Graham | $519 | $816 | $1,199 | $1,602 | $2,097 |
| Haw River | $650 | $1,012 | $1,479 | $2,023 | $2,528 |
| Liberty | $437 | $774 | $1,166 | $1,643 | $2,198 |
| Mebane | $861 | $1,407 | $2,271 | $3,014 | $3,725 |
| Pittsboro | $1,206 | $1,341 | $1,489 | $2,056 | $2,183 |
| Saxapahaw | $1,854 | $2,006 | $2,510 | $2,676 | $2,990 |
| Siler City | $1,859 | $2,145 | $2,343 | $2,408 | $2,787 |
| Snow Camp | $481 | $866 | $1,238 | $1,636 | $2,222 |
Source: Ownwell