Asheboro, Randolph County, North Carolina Property Taxes

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

Median ASHEBORO, NC effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median ASHEBORO, NC home value: $162,360
Median annual ASHEBORO, NC tax bill: $1,351, $1,049 lower than the national median property tax bill of $2,400.

How are property taxes in Randolph calculated?

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

Last Updated March 1, 2025

Asheboro, Randolph County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.74%

Estimate Property Tax Bill

$1,201

$1,115

Ownwell’s ASHEBORO Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in ASHEBORO with just two data points. By entering your property's estimated assessed value, our calculator applies ASHEBORO’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 Randolph County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Asheboro, Randolph County, North Carolina

Local government entities are responsible for setting tax rates, which can vary significantly across North Carolina. Each year, counties like Randolph calculate their required budget to provide essential services and then divide that by the total value of all taxable property within their borders. This process determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the core of the annual process.

In Asheboro, located in Randolph County, the effective property tax rate offers a glimpse into how it compares to other cities in North Carolina and the broader national landscape. Asheboro's tax rate is a reflection of the county's fiscal needs and its total taxable property value. With North Carolina's median property tax rate at 0.74%, Asheboro's rate falls within a range that is generally lower than the national median of 1.02%. This makes it an attractive location for property owners seeking lower tax obligations. By understanding these dynamics, property owners can make informed decisions about their investments and potential savings.

Property Tax Rates Across Asheboro, Randolph County, North Carolina

Source: Ownwell

0.60%

0.96%

1.33%

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 Asheboro Tax Rate

0.74%

Median Effective Randolph County Tax Rate

0.68%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Asheboro, Randolph County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27203	0.77%	1.21%	1.33%	1.33%	1.33%
27205	0.62%	0.62%	0.65%	0.77%	1.33%

Source: Ownwell

Property Tax Assessment Values Across Asheboro, Randolph County, North Carolina

When examining property taxes in Asheboro, 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 Randolph 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 Randolph 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 Asheboro.

For example, the median home price in Asheboro is $162,360, with tax bills ranging significantly across the county. Zip code 27205 has the highest median home price at $175,690.

Property Tax Assessment Values Across Asheboro, Randolph County, North Carolina

Source: Ownwell

$78,165

$146,868

$215,570

Median Asheboro Market Value

$162,360

Median Randolph County Market Value

$167,245

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Asheboro, Randolph County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27203	$79,102	$101,910	$138,490	$185,105	$233,756
27205	$69,625	$126,730	$175,690	$249,218	$386,055

Source: Ownwell

Property Tax Bills Across Asheboro, Randolph County, North Carolina

In Asheboro, located in Randolph County, NC, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. The tax rate is set by local government entities and is applied to the assessed value to calculate the tax bill. Homeowners in Asheboro can expect tax bills that vary significantly; for instance, the median tax bill is $1,657 in the 27203 zip code, which is below the national median of $2,400. However, tax bills can range from $910 at the 25th percentile to $2,947 at the 90th percentile, depending on property value and location. Ownwell assists homeowners by helping them appeal their property assessments and identify potential exemptions, potentially reducing their tax bills. With expert guidance, homeowners can ensure they are not overpaying and can take advantage of every opportunity to save on property taxes.

Property Tax Bills Across Asheboro, Randolph County, North Carolina

Source: Ownwell

$562

$1,239

$1,916

Median Asheboro Tax Bill

$1,351

Median Randolph County Tax Bill

$1,305

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Asheboro, Randolph County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27203	$802	$1,153	$1,657	$2,283	$2,907
27205	$410	$819	$1,228	$1,916	$2,991

Source: Ownwell