Pittsboro, North Carolina Property Taxes
The median property tax rate in Pittsboro, NC is 0.52%, significantly lower than both the national median of 0.99% and North Carolina's state median of 0.82%. With the median home value in Pittsboro, the typical annual property tax bill amounts to $1,489, well below the national median of $2,690. Property taxes in Pittsboro are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pittsboro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pittsboro 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
Pittsboro, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$1,496
Ownwell’s Pittsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pittsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pittsboro 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 Pittsboro, North Carolina
Property taxes in Pittsboro, 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 Pittsboro is 0.52%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Pittsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pittsboro 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 Pittsboro's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27312 has the highest median property tax rate of 0.52%, while the same zip code also has the lowest median tax rate of 0.52%. Understanding how these areas compare with Pittsboro provides valuable insights into the varying tax landscape across Alamance County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pittsboro Tax Rate
0.52%
Average Alamance County Tax Rate
0.49%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pittsboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27312 | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Pittsboro, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pittsboro, NC. 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 local 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 Pittsboro, 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 example, the zip code 27312 has the highest and lowest median tax bill at $1489. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pittsboro, North Carolina
Source: Ownwell
$100,580
$382,849
$665,118
Average Pittsboro Assessed Value
$287,761
Average Alamance County Assessed Value
$246,962
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pittsboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27312 | $233,073 | $259,067 | $287,761 | $397,294 | $421,718 |
Source: Ownwell
Property Tax Bills Across Pittsboro, North Carolina
In Pittsboro, located in Alamance County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the market value of the property. Homeowners in Pittsboro can expect to pay a property tax bill that falls within a range, depending on their property's assessed value and the specific tax rate applied. For instance, the tax bill at the 25th percentile is approximately $1,341, while at the 75th percentile, it rises to about $2,056. The 90th percentile tax bill reaches around $2,183. The median home price in Pittsboro is $287,761, making it essential for homeowners to understand how these factors influence their annual tax obligations. Compared to the national median property tax rate of 0.99%, the tax rates in Pittsboro can affect homeowners differently based on their property's assessed value. This variability underscores the importance of accurate assessments and understanding local tax rates for effective financial planning.
Average Pittsboro Tax Bill
$1,489
Average Alamance County Tax Bill
$1,218
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Pittsboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27312 | $1,206 | $1,341 | $1,489 | $2,056 | $2,183 |
Source: Ownwell