Rougemont, Person County, North Carolina Property Taxes
The median property tax rate in Rougemont, NC is 0.78%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Rougemont at $142,637, the typical annual property tax bill is $1,071, falling below the national median of $2,690. Property taxes in Rougemont are calculated based on the tax assessed value, which often falls below market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rougemont'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 Rougemont 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
Rougemont, Person County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$1,113
$1,032
Ownwell’s Rougemont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rougemont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rougemont 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 Rougemont, Person County, North Carolina
Property taxes in Rougemont, North Carolina, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Rougemont is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Rougemont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rougemont 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 Rougemont's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 27572 has both the highest and lowest median property tax rate of 0.78%. Understanding how these areas compare with Rougemont provides valuable insights into the varying tax landscape across Person County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rougemont Tax Rate
0.78%
Average Person County Tax Rate
0.78%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rougemont, Person County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27572 | 0.66% | 0.78% | 0.78% | 0.80% | 0.83% |
Source: Ownwell
Property Tax Assessment Values Across Rougemont, Person County, North Carolina
In Rougemont, 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 Person 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 Rougemont, 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 Rougemont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bill in Rougemont is $1,071 in the 27572 zip code.
Property Tax Assessment Values Across Rougemont, Person County, North Carolina
Source: Ownwell
$94,660
$234,613
$374,565
Average Rougemont Assessed Value
$142,637
Average Person County Assessed Value
$122,004
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rougemont, Person County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27572 | $44,283 | $84,338 | $142,637 | $224,836 | $347,469 |
Source: Ownwell
Property Tax Bills Across Rougemont, Person County, North Carolina
In Rougemont, located in Person County, NC, property tax bills are calculated based on the assessed value of the property and the applicable tax rate. The assessed value is determined by the local tax assessor and reflects the market value of the home. For example, the median home price in Rougemont is $142,637. The tax rate is then applied to this assessed value to calculate the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Rougemont can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $631, while the 75th percentile reaches up to $1,667. At the 90th percentile, homeowners may see tax bills as high as $2,448. Comparatively, the highest and lowest median tax bills in the area both stand at $1,071, which aligns closely with the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual property tax obligations and budget accordingly.
Average Rougemont Tax Bill
$1,071
Average Person County Tax Bill
$1,008
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Rougemont, Person County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27572 | $319 | $631 | $1,071 | $1,667 | $2,448 |
Source: Ownwell