Glendon, North Carolina Property Taxes
The median property tax rate in Glendon, NC is 0.45%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $121,685 in Glendon, the typical annual property tax bill amounts to $569, which is well below the national median of $2,690. Property taxes in Glendon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Glendon's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Glendon or another part of Moore County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glendon, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$548
$508
Ownwell’s Glendon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glendon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glendon 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 Glendon, North Carolina
Property taxes in Glendon, 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 Glendon is 0.45%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Glendon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glendon 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 Glendon's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27325 has both the highest and lowest median property tax rate of 0.45%. Understanding how these cities compare with Glendon provides valuable insights into the varying tax landscape across Moore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glendon Tax Rate
0.45%
Average Moore County Tax Rate
0.60%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glendon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27325 | 0.45% | 0.45% | 0.45% | 0.46% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Glendon, North Carolina
In Glendon, 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 Moore 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 Glendon, 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 Glendon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Moore County, the highest and lowest median tax bills are both $569 in the 27325 zip code.
Average Glendon Assessed Value
$121,685
Average Moore County Assessed Value
$305,820
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glendon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27325 | $50,715 | $83,238 | $121,685 | $179,688 | $233,935 |
Source: Ownwell
Property Tax Bills Across Glendon, North Carolina
In Glendon, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is then multiplied by the tax rate set by Moore County. For instance, with a median home price of $121,685, homeowners can expect their tax bill to vary. The 25th percentile tax bill stands at $372, while the 75th percentile and 90th percentile tax bills are $823 and $1,105 respectively. Factors that influence the property tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions. For example, properties in the zip code 27325 have a median tax bill of $569, reflecting the local economic conditions and county budget requirements. Comparatively, the national median property tax rate is 0.99%, making Glendon's rates relatively moderate. This variation in tax bills can significantly impact homeowners' budgets, influencing decisions on homeownership and long-term financial planning.
Average Glendon Tax Bill
$569
Average Moore County Tax Bill
$1,694
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Glendon, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27325 | $209 | $372 | $569 | $823 | $1,105 |
Source: Ownwell