Roseboro, North Carolina Property Taxes
The median property tax rate in Roseboro, NC, is 1.20%, significantly higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $81,600 in Roseboro, the typical annual property tax bill amounts to $957, which is below the national median of $2,690. Property taxes in Roseboro are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Roseboro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Roseboro or another part of Cumberland County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roseboro, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$979
Ownwell’s Roseboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roseboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roseboro 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 Roseboro, North Carolina
Property taxes in Roseboro, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roseboro is 0.72%, significantly lower than both the North Carolina state median of 0.84% and the U.S. national median of 0.99%. Local government entities within Roseboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roseboro 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 Roseboro's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28382 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Roseboro provides valuable insights into the varying tax landscape across Sampson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roseboro Tax Rate
1.20%
Average Cumberland County Tax Rate
1.48%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roseboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28382 | 0.92% | 1.07% | 1.20% | 1.35% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Roseboro, North Carolina
In Roseboro, 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 Cumberland 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 Roseboro, 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 Roseboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Roseboro's zip code 28382 is $957, which can be compared to the national median property tax rate of 0.99%. This comparison helps homeowners gauge their tax obligations more effectively.
Average Roseboro Assessed Value
$81,600
Average Cumberland County Assessed Value
$115,098
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roseboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28382 | $17,058 | $45,423 | $81,600 | $127,859 | $198,513 |
Source: Ownwell
Property Tax Bills Across Roseboro, North Carolina
In Roseboro, Cumberland County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county tax assessor and is used to calculate the tax bill. Homeowners in Roseboro face a median property tax bill of $957, which is below the national median property tax rate of 0.99%. Factors that influence the tax bill include the assessed value of the property, local tax rates, and any applicable exemptions or deductions. For example, homes in the 25th percentile have tax bills around $513, while those in the 75th percentile see bills closer to $1,461. At the higher end, the 90th percentile tax bill reaches $2,153. These variations show how different property values and tax rates impact the overall tax burden on homeowners. Understanding these factors can help homeowners in Roseboro better anticipate their annual property tax expenses and plan their finances accordingly.
Average Roseboro Tax Bill
$957
Average Cumberland County Tax Bill
$1,668
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Roseboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28382 | $228 | $513 | $957 | $1,461 | $2,153 |
Source: Ownwell