Reidsville, Caswell County, North Carolina Property Taxes
The median property tax rate in Reidsville, NC is 0.86%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $96,982, the typical annual property tax bill in Reidsville reaches $806, which is significantly below the national median of $2,690. Property taxes in Reidsville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Reidsville'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 Reidsville 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
Reidsville, Caswell County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$834
$774
Ownwell’s Reidsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reidsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reidsville 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 Reidsville, Caswell County, North Carolina
Property taxes in Reidsville, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Reidsville is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Reidsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reidsville 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 Reidsville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27320 zip code has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these figures compare with Reidsville provides valuable insights into the varying tax landscape across Caswell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Reidsville Tax Rate
0.86%
Average Caswell County Tax Rate
0.87%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reidsville, Caswell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27320 | 0.55% | 0.80% | 0.86% | 0.92% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Reidsville, Caswell County, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Reidsville, 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 Caswell 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 in Reidsville 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Reidsville, the median home price is $96,982, with the 25th percentile tax bill at $571 and the 75th percentile at $1,296. The highest and lowest median tax bills are both $806, found in the 27320 zip code.
Property Tax Assessment Values Across Reidsville, Caswell County, North Carolina
Source: Ownwell
$73,037
$187,890
$302,742
Average Reidsville Assessed Value
$96,982
Average Caswell County Assessed Value
$93,808
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Reidsville, Caswell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27320 | $48,290 | $67,563 | $96,982 | $160,403 | $238,440 |
Source: Ownwell
Property Tax Bills Across Reidsville, Caswell County, North Carolina
In Reidsville, located in Caswell County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. Homeowners in Reidsville experience a range of property tax bills, with the 25th percentile at $571 and the 75th percentile at $1,296. The highest median tax bill in the area is $806, which is consistent across the zip code 27320. Several factors influence the property tax bill, including the current market value of the home, any exemptions or deductions for which the homeowner may qualify, and the specific tax rate set by local authorities. For homeowners, understanding these factors is crucial as they directly impact the annual financial obligation. Compared to the national median property tax rate of 0.99%, Reidsville's property tax rates can offer a relatively affordable option for residents, contributing to the overall cost of homeownership in the area.
Average Reidsville Tax Bill
$806
Average Caswell County Tax Bill
$799
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Reidsville, Caswell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27320 | $429 | $571 | $806 | $1,296 | $1,805 |
Source: Ownwell