Archdale, North Carolina Property Taxes
The median property tax rate in Archdale, NC is 1.03%, slightly above the national median of 0.99% and significantly higher than the North Carolina state median of 0.82%. With the median home value in Archdale at $183,790, the typical annual property tax bill reaches $1,916, which is lower than the national median of $2,690. Property taxes in Archdale are calculated based on the assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Archdale'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 Archdale or another part of Randolph County, gaining a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Archdale, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$1,893
Ownwell’s Archdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Archdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Archdale 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 Archdale, North Carolina
Property taxes in Archdale, North Carolina, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Archdale is 0.96%, which is below both the North Carolina state median of 0.84% and the U.S. national median of 0.99%. Local government entities within Archdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Archdale 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 for setting property tax rates. The data below compares Archdale's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27263 zip code has the highest median property tax rate of 0.96%, while the same zip code also has the lowest median tax rate of 0.96%. Understanding how these figures compare with Archdale provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Archdale Tax Rate
1.03%
Average Randolph County Tax Rate
0.68%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Archdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27263 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Archdale, North Carolina
In Archdale, 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 Randolph 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 Archdale, 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 Archdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Archdale are both $1,916, with the zip code 27263 representing this value.
Property Tax Assessment Values Across Archdale, North Carolina
Source: Ownwell
$78,165
$163,113
$248,060
Average Archdale Assessed Value
$183,790
Average Randolph County Assessed Value
$167,245
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Archdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27263 | $97,333 | $140,665 | $183,790 | $253,310 | $323,638 |
Source: Ownwell
Property Tax Bills Across Archdale, North Carolina
In Archdale, located in Randolph County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local property tax rate. For instance, with the median home price in Archdale at $183,790, homeowners can expect varying tax bills. Factors such as the property's location, market conditions, and any improvements made to the home play a significant role in determining its assessed value. The tax bill can range significantly, with the 25th percentile at $1,479 and the 75th percentile reaching $2,641. At the 90th percentile, homeowners might see tax bills as high as $3,374. The highest and lowest median tax bills in the area are both $1,916, specifically in the 27263 zip code. Compared to the national median property tax rate of 0.99%, Archdale's property taxes can have a substantial impact on homeowners, influencing their overall cost of living and financial planning.
Average Archdale Tax Bill
$1,916
Average Randolph County Tax Bill
$1,305
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Archdale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27263 | $972 | $1,479 | $1,916 | $2,641 | $3,374 |
Source: Ownwell