Roanoke Rapid, North Carolina Property Taxes
The median property tax rate in Roanoke Rapids, NC is 1.12%, which is significantly higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $143,200 in Roanoke Rapids, the typical annual property tax bill amounts to $1,605, surpassing the national median of $2,690. Property taxes in Roanoke Rapids 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 the property tax system in Roanoke Rapids, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Roanoke Rapids 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
Roanoke Rapid, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,604
-$16,808
Ownwell’s Roanoke Rapids Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roanoke Rapids with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roanoke Rapids 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 Roanoke Rapid, North Carolina
Property taxes in Roanoke Rapids, 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 Roanoke Rapids is 1.12%, higher than the U.S. national median of 0.99%. Local government entities within Roanoke Rapids set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roanoke Rapids 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 Roanoke Rapids' effective property tax rate to other counties and the national median. For comparison, the zip code 27870 has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Roanoke Rapids provides valuable insights into the varying tax landscape across Halifax County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Roanoke Rapid Tax Rate
1.12%
Average Halifax County Tax Rate
1.26%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roanoke Rapid, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27870 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Roanoke Rapid, North Carolina
In Roanoke Rapids, 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 Halifax 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 Roanoke Rapids, 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. Being aware of these valuation processes in Roanoke Rapids helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 27870 has the highest and lowest median tax bill at $1,605, reflecting the uniformity in property tax assessments across the area.
Property Tax Assessment Values Across Roanoke Rapid, North Carolina
Source: Ownwell
$33,800
$88,500
$143,200
Average Roanoke Rapid Assessed Value
$143,200
Average Halifax County Assessed Value
$52,600
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roanoke Rapid, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27870 | $143,200 | $143,200 | $143,200 | $143,200 | $143,200 |
Source: Ownwell
Property Tax Bills Across Roanoke Rapid, North Carolina
In Roanoke Rapids, located in Halifax County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in this area typically see a median property tax bill of $1,605, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This uniformity suggests a stable tax rate within the region. To determine the tax bill, the assessed value of the property is multiplied by the local tax rate. Factors such as property improvements, market conditions, and neighborhood characteristics can influence the assessed value. Compared to the national median property tax rate of 0.99%, Halifax County's rate results in a relatively moderate tax burden for homeowners. This property tax system ensures that homeowners contribute fairly to local services and infrastructure, impacting their overall financial planning and homeownership costs. The consistency in tax bills provides predictability, aiding homeowners in budgeting for their annual expenses.
Average Roanoke Rapid Tax Bill
$1,605
Average Halifax County Tax Bill
$701
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Roanoke Rapid, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27870 | $1,605 | $1,605 | $1,605 | $1,605 | $1,605 |
Source: Ownwell