Snow Camp, North Carolina Property Taxes
The median property tax rate in Snow Camp, NC is 0.81%, slightly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Snow Camp at $223,717, the typical annual property tax bill amounts to $1,580, significantly less than the national median of $2,690. Property taxes in Snow Camp are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Snow Camp's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Snow Camp or another part of Chatham County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Snow Camp, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.81%
Estimate Property Tax Bill
$1,812
Ownwell’s Snow Camp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Snow Camp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Snow Camp 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 Snow Camp, North Carolina
Property taxes in Snow Camp, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Snow Camp is 0.81%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Snow Camp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Snow Camp 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 Snow Camp's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27349 zip code has the highest median property tax rate of 0.81%, while the 27349 zip code also has the lowest median tax rate of 0.81%. Understanding how these cities compare with Snow Camp provides valuable insights into the varying tax landscape across Chatham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Snow Camp Tax Rate
0.81%
Average Chatham County Tax Rate
0.85%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Snow Camp, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27349 | 0.45% | 0.66% | 0.81% | 0.86% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Snow Camp, North Carolina
In Snow Camp, 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 Chatham 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 Snow Camp, 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 Snow Camp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 27349, with a median tax bill of $1580.
Property Tax Assessment Values Across Snow Camp, North Carolina
Source: Ownwell
$48,190
$383,977
$719,763
Average Snow Camp Assessed Value
$223,717
Average Chatham County Assessed Value
$323,510
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Snow Camp, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27349 | $91,973 | $136,564 | $223,717 | $319,636 | $470,144 |
Source: Ownwell
Property Tax Bills Across Snow Camp, North Carolina
In Snow Camp, located in Chatham County, NC, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $223,717, homeowners can expect varying tax bills depending on specific factors such as property size, location, and improvements. The tax bill for the 25th percentile is approximately $1,063, while the 75th percentile sees bills around $2,088. At the 90th percentile, tax bills can reach up to $2,678. These figures illustrate the range of tax burdens homeowners in Snow Camp may face. Compared to the national median property tax rate of 0.99%, Snow Camp's tax rates offer a perspective on how local assessments and rates impact homeowners. This system ensures that property taxes are proportionate to the value of each home, affecting homeowners' annual financial planning.
Average Snow Camp Tax Bill
$1,580
Average Chatham County Tax Bill
$2,675
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Snow Camp, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27349 | $723 | $1,063 | $1,580 | $2,088 | $2,678 |
Source: Ownwell