Roxboro, North Carolina Property Taxes
The median property tax rate in Roxboro, NC is 0.98%, which is slightly below the national median of 0.99% but higher than North Carolina's state median of 0.82%. With a median home value of $75,208 in Roxboro, the typical annual property tax bill amounts to $632, significantly lower than the national median of $2,690. Property taxes in Roxboro are calculated based on the assessed value, which is often less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Roxboro'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 Roxboro 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
Roxboro, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$737
-$7,724
Ownwell’s Roxboro Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Roxboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roxboro to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Roxboro, North Carolina
Property taxes in Roxboro, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roxboro is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Roxboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roxboro 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 Roxboro's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27574 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these areas compare with Roxboro 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 Roxboro Tax Rate
0.98%
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 Roxboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27574 | 0.48% | 0.93% | 0.98% | 1.12% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Roxboro, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Roxboro, 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 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 Roxboro, 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. For instance, the median home price in Roxboro is $75,208, with tax bills ranging from $433 at the 25th percentile to $1,653 at the 90th percentile. Interestingly, the highest and lowest median tax bills are both $632, found in zip code 27574. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Roxboro Assessed Value
$75,208
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 Roxboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27574 | $33,423 | $42,702 | $75,208 | $132,877 | $185,220 |
Source: Ownwell
Property Tax Bills Across Roxboro, North Carolina
In Roxboro, located in Granville County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Roxboro is $75,208, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, homes in the 25th percentile have tax bills around $433, while those in the 75th percentile see bills closer to $1,250. The highest tax bills, in the 90th percentile, can reach up to $1,653. Comparatively, the national median property tax rate is 0.99%, making Roxboro's property taxes relatively moderate. Homeowners in Roxboro should be aware that their tax bills can vary significantly based on their property's assessed value and any changes in local tax rates. This variability can impact household budgets, making it crucial for homeowners to stay informed about their property assessments and potential exemptions.
Average Roxboro Tax Bill
$632
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 Roxboro, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27574 | $333 | $433 | $632 | $1,250 | $1,653 |
Source: Ownwell