Roaring River, North Carolina Property Taxes
The median property tax rate in Roaring River, NC is 0.71%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $97,470, the typical annual property tax bill in Roaring River amounts to $666, significantly below the national median of $2,690. Property taxes here 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 Roaring River'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 Roaring River 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
Roaring River, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$692
Ownwell’s Roaring River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roaring River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roaring River 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 Roaring River, North Carolina
Property taxes in Roaring River, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roaring River is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Roaring River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roaring River 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 Roaring River's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28669 has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these cities compare with Roaring River provides valuable insights into the varying tax landscape across Wilkes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roaring River Tax Rate
0.71%
Average Wilkes County Tax Rate
0.75%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roaring River, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28669 | 0.44% | 0.71% | 0.71% | 0.72% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Roaring River, North Carolina
In Roaring River, 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 Wilkes 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 Roaring River, 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. For instance, the median property tax bill in Roaring River is $666. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Roaring River, North Carolina
Source: Ownwell
$87,490
$155,103
$222,715
Average Roaring River Assessed Value
$97,470
Average Wilkes County Assessed Value
$107,250
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roaring River, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28669 | $41,859 | $64,908 | $97,470 | $149,780 | $219,484 |
Source: Ownwell
Property Tax Bills Across Roaring River, North Carolina
In Roaring River, property tax bills are calculated based on the assessed value of a home, which is determined by the Wilkes County tax assessor. The tax rate is applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $97,470, homeowners can expect varying tax bills depending on their property's specific valuation and applicable exemptions. Factors influencing the tax bill include the property's location, size, and any improvements made. The tax bill can range significantly; the 25th percentile tax bill is $438, while the 75th percentile reaches $1,040, and the 90th percentile can be as high as $1,439. These variations highlight how individual property characteristics and local tax rates impact the overall tax burden. Compared to the national median property tax rate of 0.99%, homeowners in Roaring River experience a range of tax bills that reflect both the local property values and the specific tax policies of Wilkes County. Understanding these factors helps homeowners anticipate their annual property tax expenses and budget accordingly.
Average Roaring River Tax Bill
$666
Average Wilkes County Tax Bill
$770
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Roaring River, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28669 | $282 | $438 | $666 | $1,040 | $1,439 |
Source: Ownwell