Rougemont, North Carolina Property Taxes
The median property tax rate in Rougemont, NC is 0.96%, 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 $119,152 in Rougemont, the typical annual property tax bill amounts to $1,053, which is lower than the national median of $2,690. Property taxes in Rougemont are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as 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 Granville County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rougemont, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.96%
Estimate Property Tax Bill
$1,144
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, North Carolina
Property taxes in Rougemont, North Carolina, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Rougemont is 0.96%, which is 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 areas in North Carolina and the national median. For comparison, the 27572 zip code has both the highest and lowest median property tax rate of 0.96%. Understanding how these areas compare with Rougemont provides valuable insights into the varying tax landscape across Granville County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rougemont Tax Rate
0.96%
Average Granville County Tax Rate
1.00%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rougemont, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27572 | 0.52% | 0.91% | 0.96% | 1.02% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Rougemont, 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 Granville 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. With a median home price of $119,152, property tax bills in Rougemont range from $742 at the 25th percentile to $2,684 at the 90th percentile. 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 in Rougemont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rougemont, North Carolina
Source: Ownwell
$56,307
$184,729
$313,151
Average Rougemont Assessed Value
$119,152
Average Granville County Assessed Value
$137,588
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rougemont, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27572 | $51,401 | $75,160 | $119,152 | $214,747 | $305,400 |
Source: Ownwell
Property Tax Bills Across Rougemont, North Carolina
Property tax bills in Rougemont, located in Granville County, NC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county's property assessor, who evaluates the market value of homes in the area. For a median home price of $119,152, homeowners can expect varying tax bills depending on their property's value and specific location within Rougemont. Factors considered in determining the tax bill include the property's size, location, and condition. Tax bills in Rougemont range significantly, with the 25th percentile at $742 and the 75th percentile at $1,858. The 90th percentile sees tax bills as high as $2,684. The highest median tax bill in the area is $1,053, which is consistent across the zip code 27572. These property taxes impact homeowners by contributing to local services such as schools, public safety, and infrastructure. When compared to the national median property tax rate of 0.99%, Rougemont's tax bills provide a benchmark for understanding how local rates and property values influence overall tax obligations.
Average Rougemont Tax Bill
$1,053
Average Granville County Tax Bill
$1,476
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Rougemont, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27572 | $437 | $742 | $1,053 | $1,858 | $2,684 |
Source: Ownwell