Rougemont, Durham County, North Carolina Property Taxes
The median property tax rate in Rougemont, NC is 0.95%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $198,650 in Rougemont, the typical annual property tax bill is around $1,840, which is lower than the national median of $2,690. Property taxes in Rougemont are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Rougemont'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 Rougemont or another part of Durham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rougemont, Durham County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$1,887
$1,751
Ownwell’s Rougemont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rougemont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rougemont 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 Rougemont, Durham County, North Carolina
Property taxes in Rougemont, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rougemont is 0.95%, slightly lower than the U.S. national median of 0.99%. Local government entities within Rougemont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rougemont 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 Rougemont's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27572 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these areas compare with Rougemont provides valuable insights into the varying tax landscape across Durham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rougemont Tax Rate
0.95%
Average Durham County Tax Rate
1.31%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rougemont, Durham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27572 | 0.86% | 0.91% | 0.95% | 1.01% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Rougemont, Durham County, North Carolina
In Rougemont, 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 Durham 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 Rougemont, 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. The median home price in Rougemont is $198,650, with tax bills ranging from $1,320 at the 25th percentile to $3,362 at the 90th percentile. 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 Rougemont, Durham County, North Carolina
Source: Ownwell
$164,928
$252,967
$341,005
Average Rougemont Assessed Value
$198,650
Average Durham County Assessed Value
$220,810
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rougemont, Durham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27572 | $85,165 | $136,244 | $198,650 | $276,023 | $361,463 |
Source: Ownwell
Property Tax Bills Across Rougemont, Durham County, North Carolina
In Rougemont, located in Durham County, NC, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in this area is approximately $198,650. Homeowners can expect their tax bills to vary based on several factors, including the assessed value of their property and the specific tax rates set by local authorities. For instance, the 25th percentile tax bill is around $1,320, while the 75th percentile tax bill reaches up to $2,578. The highest median tax bill recorded in the area is $1,840, which is notably higher than the national median property tax rate of 0.99%. These tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning. Understanding how these factors interplay can help homeowners anticipate their annual expenses and budget accordingly. The assessed value and corresponding tax rate ensure that property taxes are distributed fairly based on property worth.
Average Rougemont Tax Bill
$1,840
Average Durham County Tax Bill
$2,770
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Rougemont, Durham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27572 | $891 | $1,320 | $1,840 | $2,578 | $3,362 |
Source: Ownwell