Pelham, North Carolina Property Taxes
The median property tax rate in Pelham, NC is 0.89%, 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 Pelham at $81,910, the typical annual property tax bill comes to $709, which is significantly below the national median of $2,690. Property taxes in Pelham are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Pelham's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're residing in Pelham or another part of Caswell County, gaining insight into the local property tax system can be highly beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Pelham, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$729
Ownwell’s Pelham Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pelham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pelham 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 Pelham, North Carolina
Property taxes in Pelham, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pelham is 0.89%, slightly below the U.S. national median of 0.99%. Local government entities within Pelham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pelham 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 Pelham's effective property tax rate to other regions in North Carolina and the national median. For comparison, the 27311 zip code, which includes Pelham, has a uniform median property tax rate of 0.89%. Understanding how these cities compare with Pelham provides valuable insights into the varying tax landscape across Caswell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pelham Tax Rate
0.89%
Average Caswell County Tax Rate
0.87%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pelham, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27311 | 0.60% | 0.82% | 0.89% | 0.96% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Pelham, North Carolina
In Pelham, 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 Caswell 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 Pelham, 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. For instance, the highest median tax bill in the area is $709 in the 27311 zip code, while the lowest median tax bill is also $709 in the same zip code. 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 Pelham helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pelham Assessed Value
$81,910
Average Caswell County Assessed Value
$93,808
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pelham, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27311 | $36,253 | $57,156 | $81,910 | $123,013 | $195,949 |
Source: Ownwell
Property Tax Bills Across Pelham, North Carolina
In Pelham, Caswell County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Pelham is $81,910, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, neighborhood developments, and market conditions can influence the assessed value, impacting the final tax amount. Homeowners in Pelham experience a range of tax bills, with the 25th percentile paying around $516 and the 75th percentile facing bills up to $1,018. Those at the 90th percentile see tax bills as high as $1,516. The highest median tax bill in the area is $709, recorded in the 27311 zip code. Compared to the national median property tax rate of 0.99%, Pelham's property taxes can vary significantly, affecting homeowners' annual financial planning and overall cost of living.
Average Pelham Tax Bill
$709
Average Caswell County Tax Bill
$799
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pelham, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27311 | $338 | $516 | $709 | $1,018 | $1,516 |
Source: Ownwell