Rocky Mount, Edgecombe County, North Carolina Property Taxes
The median property tax rate in Rocky Mount, NC is 0.95%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Rocky Mount at $63,137, the typical annual property tax bill reaches $597, which is significantly lower than the national median of $2,690. Property taxes in Rocky Mount are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Rocky Mount'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 Rocky Mount 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
Rocky Mount, Edgecombe County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$600
$557
Ownwell’s Rocky Mount Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rocky Mount with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rocky Mount 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 Rocky Mount, Edgecombe County, North Carolina
Property taxes in Rocky Mount, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rocky Mount is 0.95%, which is slightly lower than the U.S. national median of 0.99%. Local government entities within Rocky Mount set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rocky Mount 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 Rocky Mount's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27803 zip code has the highest median property tax rate of 1.38%, while the 27801 zip code has the lowest median tax rate of 0.95%. Understanding how these cities compare with Rocky Mount provides valuable insights into the varying tax landscape across Edgecombe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Rocky Mount, Edgecombe County, North Carolina
Source: Ownwell
0.95%
1.26%
1.56%
Average Rocky Mount Tax Rate
0.95%
Average Edgecombe County Tax Rate
0.95%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rocky Mount, Edgecombe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27801 | 0.95% | 0.95% | 0.95% | 0.95% | 1.16% |
| 27803 | 1.08% | 1.20% | 1.38% | 1.98% | 1.98% |
| 27804 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Rocky Mount, Edgecombe County, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rocky Mount, 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 Edgecombe 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 Rocky Mount, 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 highest median tax bill in Rocky Mount is $1,207 in the 27803 zip code, while the lowest is $593 in the 27801 zip code. 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 Rocky Mount, Edgecombe County, North Carolina
Source: Ownwell
$59,488
$71,524
$83,559
Average Rocky Mount Assessed Value
$63,137
Average Edgecombe County Assessed Value
$68,521
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rocky Mount, Edgecombe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27801 | $24,205 | $40,368 | $62,977 | $86,166 | $119,177 |
| 27803 | $33,357 | $60,021 | $65,010 | $88,138 | $123,426 |
| 27804 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Rocky Mount, Edgecombe County, North Carolina
In Rocky Mount, located in Edgecombe County, NC, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price here is $63,137, which is significantly lower than the national median. This lower home value translates into more manageable property tax bills for homeowners. Factors that influence the tax bill include the assessed value of the property and the specific tax rate set by the county. Homeowners in Rocky Mount can expect tax bills that vary widely. The 25th percentile tax bill is around $373, while the 75th percentile tax bill reaches $855. For those in the 90th percentile, the tax bill can be as high as $1,231. This range shows how property tax bills can differ significantly even within the same city. The highest median tax bill in Rocky Mount is $1,207 in the 27803 zip code, while the lowest is $593 in the 27801 zip code. These variations can impact homeowners differently depending on their property's location and assessed value.
Property Tax Bills Across Rocky Mount, Edgecombe County, North Carolina
Source: Ownwell
$593
$900
$1,207
Average Rocky Mount Tax Bill
$597
Average Edgecombe County Tax Bill
$709
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Rocky Mount, Edgecombe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27801 | $223 | $371 | $593 | $845 | $1,210 |
| 27803 | $454 | $820 | $1,207 | $1,318 | $1,688 |
| 27804 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell