Pelham, North Carolina Property Taxes
The median property tax rate in Pelham, NC is 0.76%, 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 Pelham at $62,783, the typical annual property tax bill is $471, significantly below the national median of $2,690. Property taxes in Pelham are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Pelham'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 Pelham or another part of Rockingham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pelham, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$477
Ownwell’s Pelham Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Pelham with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pelham to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more granular insights, you can find localized information by scrolling down. 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 Pelham, North Carolina
Property taxes in Pelham, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pelham is 0.76%, lower than the U.S. national median of 0.99%. Local government entities within Pelham set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pelham 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 Pelham's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27311 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these cities compare with Pelham 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 Pelham Tax Rate
0.76%
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 Pelham, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27311 | 0.69% | 0.76% | 0.76% | 0.83% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Pelham, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pelham, North Carolina. 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 Pelham, 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. The highest median tax bill in Pelham is $471 in the 27311 zip code, while the lowest is also $471 in the same zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pelham Assessed Value
$62,783
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 Pelham, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27311 | $11,123 | $25,692 | $62,783 | $107,842 | $154,695 |
Source: Ownwell
Property Tax Bills Across Pelham, North Carolina
In Pelham, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county and reflects the market value of the property. Homeowners in Pelham, located in Rockingham County, typically see a range of tax bills depending on their property's value. For example, the 25th percentile tax bill is around $202, while the 75th percentile reaches $832. At the higher end, the 90th percentile tax bill is approximately $1,243. These tax bills are influenced by several factors, including property size, location, and any improvements made to the property. The median home price in Pelham is $62,783, which is relatively low compared to national figures. Consequently, the property tax rate in Pelham is a crucial factor for homeowners, impacting their annual financial obligations. Understanding how these elements interact can help residents anticipate their property tax bills and manage their budgets more effectively.
Average Pelham Tax Bill
$471
Average Rockingham County Tax Bill
$704
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pelham, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27311 | $95 | $202 | $471 | $832 | $1,243 |
Source: Ownwell