Roxboro, North Carolina Property Taxes
The median property tax rate in Roxboro, NC is 0.78%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Roxboro at $108,602, the typical annual property tax bill is $929, significantly below the national median of $2,690. Property taxes in Roxboro are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Roxboro'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 Roxboro or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roxboro, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$847
Ownwell’s Roxboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roxboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roxboro 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 Roxboro, North Carolina
Property taxes in Roxboro, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roxboro is 0.78%, lower than the U.S. national median of 0.99%. Local government entities within Roxboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roxboro 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 Roxboro's effective property tax rate to other areas in Person County and the national median. For comparison, the 27573 zip code has the highest median property tax rate of 1.52%, while the 27565 zip code has the lowest median tax rate of 0.77%. Understanding how these areas compare with Roxboro provides valuable insights into the varying tax landscape across Person County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roxboro Tax Rate
0.78%
Average Person County Tax Rate
0.78%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roxboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27291 | 0.92% | 0.92% | 0.92% | 0.92% | 0.92% |
| 27343 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
| 27541 | 0.23% | 0.23% | 0.23% | 0.23% | 0.23% |
| 27565 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
| 27573 | 0.77% | 0.78% | 1.52% | 1.52% | 1.52% |
| 27574 | 0.48% | 0.78% | 0.78% | 0.79% | 0.81% |
| 27583 | 0.78% | 0.78% | 0.78% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Roxboro, North Carolina
In Roxboro, 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 Person 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 Roxboro, 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 Roxboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $5,416 in the 27343 zip code, while the lowest is $280 in the 27291 zip code.
Average Roxboro Assessed Value
$108,602
Average Person County Assessed Value
$122,004
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roxboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27291 | $30,302 | $30,302 | $30,302 | $30,302 | $30,302 |
| 27343 | $700,260 | $700,260 | $700,260 | $700,260 | $700,260 |
| 27541 | $17,428 | $43,569 | $87,138 | $222,504 | $303,724 |
| 27565 | $123,345 | $123,345 | $123,345 | $123,345 | $123,345 |
| 27573 | $41,858 | $61,826 | $96,098 | $145,917 | $210,249 |
| 27574 | $49,216 | $81,332 | $115,302 | $195,622 | $329,033 |
| 27583 | $345,635 | $345,635 | $345,635 | $345,635 | $345,635 |
Source: Ownwell
Property Tax Bills Across Roxboro, North Carolina
In Roxboro, located in Person County, NC, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Roxboro is $108,602. Homeowners can expect their property tax bills to vary significantly, influenced by the assessed value of their property and the local tax rate. For instance, tax bills in the 25th percentile are around $617, while those in the 75th percentile reach $1,557. At the higher end, the 90th percentile tax bill is approximately $2,407. These tax bills are crucial for homeowners as they directly impact annual financial planning and property affordability. By comparing Roxboro's tax rates with the national median property tax rate of 0.99%, homeowners can better understand their relative tax burden. Notably, the highest median tax bill in Person County is $5,416 in the 27343 zip code, while the lowest is $280 in the 27291 zip code, highlighting the variability within the region.
Average Roxboro Tax Bill
$929
Average Person County Tax Bill
$1,008
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Roxboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27291 | $280 | $280 | $280 | $280 | $280 |
| 27343 | $5,416 | $5,416 | $5,416 | $5,416 | $5,416 |
| 27541 | $261 | $353 | $508 | $663 | $756 |
| 27565 | $948 | $948 | $948 | $948 | $948 |
| 27573 | $461 | $712 | $1,104 | $1,708 | $2,397 |
| 27574 | $314 | $568 | $854 | $1,430 | $2,405 |
| 27583 | $2,703 | $2,703 | $2,703 | $2,703 | $2,703 |
Source: Ownwell