Pittsboro, Chatham County, North Carolina Property Taxes
Median Pittsboro, NC effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Pittsboro, NC home value: $331,566
Median annual Pittsboro, NC tax bill: $2,903, $503 higher than the national median property tax bill of $2,400.
How are property taxes in Chatham calculated?
Property taxes in Pittsboro, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Pittsboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Pittsboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Pittsboro, Chatham County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$2,818
$2,615
Property Tax Rates Across Pittsboro, Chatham County, North Carolina
Local government entities are responsible for setting property tax rates, which can differ significantly within a state. Each year, counties like Chatham determine their necessary budget for public services and divide this by the total assessed value of all taxable property in their area. This calculation establishes the property tax rate. Although votes and legislation play a role in shaping these rates and budgets, this is the fundamental process.
In Pittsboro, Chatham County, the effective property tax rate is 0.85%, aligning with both the highest and lowest median tax rates within the county. Compared to the national median property tax rate of 1.02%, Pittsboro's rate is notably lower, offering residents a more favorable tax environment. Furthermore, the national median property tax bill stands at $2400, suggesting that Pittsboro property owners might enjoy lower tax bills relative to many other parts of the country. Understanding these rates can help property owners make informed decisions about property investments and budget planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Pittsboro Tax Rate
0.85%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Chatham County Tax Rate
0.85%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Pittsboro, Chatham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27312 | 0.71% | 0.83% | 0.85% | 0.90% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Pittsboro, Chatham County, North Carolina
When examining property taxes in Pittsboro, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Chatham County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Chatham County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Pittsboro.
For example, the median home price in Pittsboro is $331,566, with tax bills ranging significantly across the county. Zip code 27312 has the highest median home price at $331,566.
Property Tax Assessment Values Across Pittsboro, Chatham County, North Carolina
Source: Ownwell
$108,164
$413,964
$719,763
Median Pittsboro Market Value
$331,566
Median Chatham County Market Value
$323,510
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Pittsboro, Chatham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27312 | $160,855 | $229,548 | $331,566 | $464,836 | $604,634 |
Source: Ownwell
Property Tax Bills Across Pittsboro, Chatham County, North Carolina
In Pittsboro, Chatham County, NC, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the market value. Homeowners in Pittsboro face a median property tax bill of $2,903, which is above the national median of $2,400. The tax bill can range significantly, with the 25th percentile at $2,003 and the 90th percentile reaching $5,048, reflecting the variability in home values and tax assessments.
Several factors influence a homeowner's tax bill, including property size, location, and market conditions. High property taxes can significantly impact homeowners' finances, especially if the assessed value increases unexpectedly.
Ownwell assists homeowners in Pittsboro by providing property tax appeal and exemption services. By analyzing assessments and identifying discrepancies, Ownwell can help reduce tax liabilities. This can lead to substantial savings, ensuring homeowners only pay their fair share.
Median Pittsboro Tax Bill
$2,903
Median Chatham County Tax Bill
$2,675
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Pittsboro, Chatham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27312 | $1,308 | $2,003 | $2,903 | $3,998 | $5,048 |
Source: Ownwell