Roduco, North Carolina Property Taxes
The median property tax rate in Roduco, NC is 1.18%, notably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Roduco at $97,638, the typical annual property tax bill reaches $1,110, still below the national median of $2,690. Property taxes in Roduco are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Roduco'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 Roduco 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
Roduco, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,152
Ownwell’s Roduco Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Roduco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roduco 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 Roduco, North Carolina
Property taxes in Roduco, 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 Roduco is 1.18%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Roduco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roduco 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 Roduco's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27969 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Roduco provides valuable insights into the varying tax landscape across Gates County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roduco Tax Rate
1.18%
Average Gates County Tax Rate
1.03%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roduco, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27969 | 1.08% | 1.12% | 1.18% | 1.24% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Roduco, North Carolina
In Roduco, 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 Gates 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 Roduco, 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 Roduco helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 27969 in Roduco has a median tax bill of $1110, which is higher than the national median property tax rate of 0.99%.
Average Roduco Assessed Value
$97,638
Average Gates County Assessed Value
$119,144
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roduco, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27969 | $69,447 | $80,018 | $97,638 | $115,257 | $125,828 |
Source: Ownwell
Property Tax Bills Across Roduco, North Carolina
In Roduco, Gates County, NC, property tax bills are calculated based on the assessed value of a home combined with the local tax rate. For homeowners, this means that the assessed value, which is determined by the county assessor, plays a crucial role in determining their tax liability. The median home price in Roduco is $97,638, and the property tax rate is applied to this value to compute the annual tax bill. Homeowners can expect tax bills to vary, with the 25th percentile at $962 and the 75th percentile reaching $1,258. For those in the 90th percentile, the tax bill can go up to $1,347. These figures show how property taxes can differ significantly based on the assessed value of the property and the specific characteristics of the home. Compared to the national median property tax rate of 0.99%, the property tax rates in Roduco reflect the local economic conditions and the funding needs of the community. Understanding these factors helps homeowners anticipate their annual expenses and manage their budgets more effectively.
Average Roduco Tax Bill
$1,110
Average Gates County Tax Bill
$1,215
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Roduco, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27969 | $873 | $962 | $1,110 | $1,258 | $1,347 |
Source: Ownwell