Wentworth, North Carolina Property Taxes
The median property tax rate in Wentworth, NC, is 0.82%, aligning with the North Carolina state median but lower than the national median of 0.99%. With the median home value in Wentworth at $6,016, the typical annual property tax bill amounts to $70, significantly below the national median of $2,690. Property taxes in Wentworth are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Wentworth'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 Wentworth 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
Wentworth, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$49
Ownwell’s Wentworth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wentworth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wentworth 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 Wentworth, North Carolina
Property taxes in Wentworth, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wentworth is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Wentworth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wentworth 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 Wentworth's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27375 zip code has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these cities compare with Wentworth provides valuable insights into the varying tax landscape across Rockingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wentworth Tax Rate
0.82%
Average Rockingham County Tax Rate
0.81%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wentworth, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27375 | 0.78% | 0.79% | 0.82% | 1.42% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Wentworth, North Carolina
In Wentworth, 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 Rockingham 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 Wentworth, 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. For instance, the 25th percentile tax bill stands at $36, while the 75th percentile tax bill is $199. The 90th percentile tax bill can go up to $1,029. 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 Wentworth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wentworth Assessed Value
$6,016
Average Rockingham County Assessed Value
$76,220
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wentworth, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27375 | $1,624 | $3,128 | $6,016 | $26,169 | $127,718 |
Source: Ownwell
Property Tax Bills Across Wentworth, North Carolina
In Wentworth, located in Rockingham County, NC, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the property's market value. Homeowners in Wentworth typically see a wide range of property tax bills, influenced by factors such as property size, location, and improvements. For example, the 25th percentile tax bill in Wentworth is $36, while the 75th percentile tax bill is $199, and the 90th percentile reaches $1029. These figures illustrate the variability in tax burdens depending on property characteristics. The local tax rate, when applied to the assessed value, determines the final tax bill. This means that properties with higher assessed values or those located in more desirable neighborhoods will generally incur higher tax bills. Given that the national median property tax rate is 0.99%, homeowners in Wentworth may find their tax rates to be relatively favorable or burdensome depending on their specific property assessments and the local rate applied. This variability can significantly impact household budgets and long-term financial planning for homeowners in the area.
Average Wentworth Tax Bill
$70
Average Rockingham County Tax Bill
$704
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Wentworth, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27375 | $18 | $36 | $70 | $199 | $1,029 |
Source: Ownwell