Roxobel, North Carolina Property Taxes
The median property tax rate in Roxobel, NC is 1.15%, which is 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 $44,810 in Roxobel, the typical annual property tax bill is $481, still below the national median of $2,690. Property taxes in Roxobel are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Roxobel'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 Roxobel or another part of Bertie County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roxobel, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$515
Ownwell’s Roxobel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roxobel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roxobel 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 Roxobel, North Carolina
Property taxes in Roxobel, North Carolina, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Roxobel is 1.15%, which is higher than the U.S. national median of 0.99%. Local government entities within Roxobel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roxobel 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 Roxobel's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27872 has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these areas compare with Roxobel provides valuable insights into the varying tax landscape across Bertie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roxobel Tax Rate
1.15%
Average Bertie County Tax Rate
0.90%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roxobel, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27872 | 0.86% | 0.90% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Roxobel, North Carolina
In Roxobel, 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 Bertie 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. 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 Roxobel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $481, specifically in the 27872 zip code.
Average Roxobel Assessed Value
$44,810
Average Bertie County Assessed Value
$56,495
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roxobel, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27872 | $10,075 | $22,964 | $44,810 | $70,067 | $93,081 |
Source: Ownwell
Property Tax Bills Across Roxobel, North Carolina
In Roxobel, located in Bertie County, NC, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The median home price in Roxobel is $44,810. Property taxes are then applied to this assessed value using the local tax rate. The tax bill can vary significantly depending on the home's value and other factors such as exemptions or abatements. For instance, at the 25th percentile, the tax bill is around $215, while at the 75th percentile, it reaches approximately $734. The highest tax bills, seen at the 90th percentile, can go up to $972. The median tax bill in Roxobel stands at $481.00, which is notably below the national median property tax rate of 0.99%. These variations in property tax bills can affect homeowners differently, influencing their overall housing costs and financial planning. Lower property taxes in Roxobel can be an attractive factor for potential homeowners looking for affordable living options.
Average Roxobel Tax Bill
$481
Average Bertie County Tax Bill
$505
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Roxobel, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27872 | $107 | $215 | $481 | $734 | $972 |
Source: Ownwell