Raeford, Hoke County, North Carolina Property Taxes

Name: Property Tax Bills Across Raeford, Hoke County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Raeford, NC effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Raeford, NC home value: $183,410
Median annual Raeford, NC tax bill: $1,560, $840 lower than the national median property tax bill of $2,400.

How are property taxes in Hoke County calculated?

Property taxes in Raeford, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Raeford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Raeford, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Raeford, Hoke County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$1,596

$1,481

Ownwell’s Raeford Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Raeford with just two data points. By entering your property's estimated assessed value, our calculator applies Raeford’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hoke County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Raeford, Hoke County, North Carolina

Local government entities set tax rates, which can vary widely within a state. This variation arises because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Raeford, located in Hoke County, North Carolina, the effective property tax rate stands at 0.87%. This rate is notably lower than the national median property tax rate of 1.02%, offering a more affordable option for property owners. The median property tax bill in Raeford is also likely to be lower compared to the national median of $2400, making it an attractive location for homeowners seeking to minimize their tax expenses.

Comparing Raeford’s effective property tax rate to other cities in North Carolina, it aligns with the state's median tax rate, providing consistency for property owners. This stability, coupled with the financial benefits, makes Raeford a compelling choice for prospective property buyers.

Property Tax Rates Across Raeford, Hoke County, North Carolina

Source: Ownwell

0.87%

0.93%

0.99%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Raeford Tax Rate

0.87%

Median Effective Hoke County Tax Rate

0.88%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Raeford, Hoke County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28376	0.72%	0.81%	0.87%	0.90%	0.96%

Source: Ownwell

Property Tax Assessment Values Across Raeford, Hoke County, North Carolina

When examining property taxes in Raeford, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hoke County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Hoke County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Raeford. For example, the median home price in Raeford is $183,410, with tax bills ranging significantly across the county. Zip code 28376 has the highest median home price at $183,410.

Property Tax Assessment Values Across Raeford, Hoke County, North Carolina

Source: Ownwell

$74,340

$136,390

$198,440

Median Raeford Market Value

$183,410

Median Hoke County Market Value

$178,870

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Raeford, Hoke County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28376	$73,070	$133,660	$183,410	$242,892	$302,937

Source: Ownwell

Property Tax Bills Across Raeford, Hoke County, North Carolina

In Raeford, located in Hoke County, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the home's market value, which is periodically evaluated to align with current market conditions. For homeowners in Raeford, the median property tax bill is $1,560, which is significantly lower than the national median of $2,400. However, tax bills can vary, with the 25th percentile at $1,121 and the 90th percentile reaching $2,477. These variations depend on factors such as property size, location, and improvements. Homeowners may find their tax bills burdensome, especially when they rise unpredictably. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax obligations. Through a thorough analysis of property assessments and market conditions, Ownwell identifies opportunities for savings, ensuring homeowners pay only their fair share.

Property Tax Bills Across Raeford, Hoke County, North Carolina

Source: Ownwell

$716

$1,138

$1,560

Median Raeford Tax Bill

$1,560

Median Hoke County Tax Bill

$1,520

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Raeford, Hoke County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28376	$562	$1,121	$1,560	$2,021	$2,477

Source: Ownwell