Wadesboro, North Carolina Property Taxes
The median property tax rate in Wadesboro, NC is 0.88%, which is slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Wadesboro at $67,200, the typical annual property tax bill is $649, well below the national median of $2,690. Property taxes in Wadesboro are calculated based on the assessed value, which generally falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Wadesboro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Wadesboro or another part of Anson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wadesboro, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$591
Ownwell’s Wadesboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wadesboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wadesboro to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Wadesboro, North Carolina
Property taxes in Wadesboro, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wadesboro is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Wadesboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wadesboro estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Wadesboro's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28170 zip code has the highest median property tax rate of 0.88%, while the same 28170 zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Wadesboro provides valuable insights into the varying tax landscape across Anson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wadesboro Tax Rate
0.88%
Average Anson County Tax Rate
0.87%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wadesboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28170 | 0.67% | 0.87% | 0.88% | 1.33% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Wadesboro, North Carolina
In Wadesboro, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Anson County Appraisal District for tax purposes. In contrast, the assessed value 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. In Wadesboro, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Wadesboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 28170, both at $649.
Property Tax Assessment Values Across Wadesboro, North Carolina
Source: Ownwell
$43,100
$85,275
$127,450
Average Wadesboro Assessed Value
$67,200
Average Anson County Assessed Value
$69,100
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wadesboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28170 | $14,380 | $36,600 | $67,200 | $106,475 | $176,940 |
Source: Ownwell
Property Tax Bills Across Wadesboro, North Carolina
Property tax bills in Wadesboro, located in Anson County, NC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor’s office, which evaluates the market value of the property. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $67,200, homeowners can expect their property tax bills to vary significantly. The tax bill at the 25th percentile is around $344, while those at the 75th percentile pay about $1,107. At the 90th percentile, the tax bill can reach up to $1,697. These property taxes impact homeowners by influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, Wadesboro's property tax rates provide a reference point for residents to understand their financial obligations. The highest and lowest median tax bills in the area are both $649, indicating a degree of uniformity in tax assessments within the zip code 28170.
Average Wadesboro Tax Bill
$649
Average Anson County Tax Bill
$626
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Wadesboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28170 | $143 | $344 | $649 | $1,107 | $1,697 |
Source: Ownwell