Rodanthe, North Carolina Property Taxes
The median property tax rate in Rodanthe, NC is 0.61%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $361,434, the typical annual property tax bill in Rodanthe is $2,172, which is below the national median of $2,690. Property taxes in Rodanthe are determined based on the assessed value, which often falls below the market value due to exemptions like those for primary residences and agricultural land. Understanding Rodanthe'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 Rodanthe or another part of Dare County, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rodanthe, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.61%
Estimate Property Tax Bill
$2,205
Ownwell’s Rodanthe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rodanthe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rodanthe 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 Dare County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rodanthe, North Carolina
Property taxes in Rodanthe, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rodanthe is 0.61%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Rodanthe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rodanthe 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 Rodanthe's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27968 has the highest median property tax rate of 0.61%, while the lowest median tax rate is also found in the same zip code at 0.61%. Understanding how these cities compare with Rodanthe provides valuable insights into the varying tax landscape across Dare County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rodanthe Tax Rate
0.61%
Average Dare County Tax Rate
0.64%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rodanthe, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27968 | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Rodanthe, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rodanthe, North Carolina. 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 Dare 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 Rodanthe, 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. The median home price in Rodanthe is $361,434, with tax bills ranging from $1,474 at the 25th percentile to $4,091 at the 90th percentile. The highest and lowest median tax bills are both $2,172 in the zip code 27968. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rodanthe, North Carolina
Source: Ownwell
$167,600
$362,100
$556,600
Average Rodanthe Assessed Value
$361,434
Average Dare County Assessed Value
$355,020
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rodanthe, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27968 | $199,036 | $251,993 | $361,434 | $522,975 | $672,784 |
Source: Ownwell
Property Tax Bills Across Rodanthe, North Carolina
In Rodanthe, located in Dare County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Rodanthe, the median home price is $361,434. Property tax bills can vary significantly, with the 25th percentile paying around $1,474 and the 75th percentile paying up to $3,175. At the 90th percentile, homeowners might see tax bills as high as $4,091. Factors influencing property tax bills include the home's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Rodanthe's rates can be considered moderate. These property taxes fund essential public services such as schools, infrastructure, and emergency services, impacting the overall quality of life for homeowners in the area. Understanding these factors can help homeowners better plan for their annual expenses.
Average Rodanthe Tax Bill
$2,172
Average Dare County Tax Bill
$2,313
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Rodanthe, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27968 | $1,133 | $1,474 | $2,172 | $3,175 | $4,091 |
Source: Ownwell