Troutman, Iredell County, North Carolina Property Taxes
Median Troutman, NC effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Troutman, NC home value: $309,555
Median annual Troutman, NC tax bill: $2,286, $114 lower than the national median property tax bill of $2,400.
How are property taxes in Iredell calculated?
Property taxes in Troutman, 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 Troutman’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Troutman, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Troutman, Iredell County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$1,981
$1,838
Property Tax Rates Across Troutman, Iredell County, North Carolina
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 Troutman Tax Rate
0.64%
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 Iredell County Tax Rate
0.64%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Troutman, Iredell County, North Carolina
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
28166 | 0.60% | 0.61% | 0.64% | 1.11% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Troutman, Iredell County, North Carolina
When examining property taxes in Troutman, 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 Iredell 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 Iredell 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 Troutman. For example, the median home price in Troutman is $309,555, with tax bills ranging significantly across the county. Zip code 28166 has the highest median home price at $309,555.
Property Tax Assessment Values Across Troutman, Iredell County, North Carolina
Source: Ownwell

$118,825
$462,923
$807,020
Median Troutman Market Value
$309,555
Median Iredell County Market Value
$268,560
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Troutman, Iredell County, North Carolina
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
28166 | $70,917 | $167,292 | $309,555 | $440,235 | $706,096 |
Source: Ownwell
Property Tax Bills Across Troutman, Iredell County, North Carolina
Property tax bills in Troutman, Iredell County, NC, are calculated based on the assessed value of a property, which is determined by the county's tax assessor. The assessed value is typically a percentage of the property's market value. Homeowners in Troutman can expect a range of property tax bills, with the 25th percentile at $1,154 and the 75th percentile reaching $3,967. The median property tax bill in the area is $2,286, slightly below the national median of $2,400. These taxes fund essential public services such as schools, roads, and emergency services, impacting homeowners by contributing to community infrastructure and quality of life.
Ownwell assists homeowners by offering property tax appeal services, potentially lowering their tax bills. By analyzing local property tax assessments and market trends, Ownwell identifies opportunities for reassessment, ensuring homeowners are not overpaying. This service can be particularly beneficial in Troutman, where property tax bills can vary significantly, helping homeowners achieve substantial savings while maintaining community services.
Median Troutman Tax Bill
$2,286
Median Iredell County Tax Bill
$2,001
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Troutman, Iredell County, North Carolina
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
28166 | $468 | $1,154 | $2,286 | $3,967 | $5,239 |
Source: Ownwell