Orrum, North Carolina Property Taxes
The median property tax rate in Orrum, NC is 0.92%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Orrum at $60,800, the typical annual property tax bill amounts to $547, which is significantly below the national median of $2,690. Property taxes in Orrum are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Orrum'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 Orrum 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
Orrum, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$559
$519
Ownwell’s Orrum Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Orrum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orrum to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is the value assigned by Robeson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Orrum, North Carolina
Property taxes in Orrum, 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 Orrum is 0.92%, slightly lower than the U.S. national median of 0.99%. Local government entities within Orrum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orrum 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 Orrum's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28369 zip code has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Orrum provides valuable insights into the varying tax landscape across Robeson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orrum Tax Rate
0.92%
Average Robeson County Tax Rate
0.87%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orrum, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28369 | 0.87% | 0.92% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Orrum, North Carolina
In Orrum, 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 Robeson 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 Orrum, 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 Orrum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 28369, with a median tax bill of $547.
Average Orrum Assessed Value
$60,800
Average Robeson County Assessed Value
$69,800
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orrum, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28369 | $28,600 | $42,400 | $60,800 | $87,900 | $130,580 |
Source: Ownwell
Property Tax Bills Across Orrum, North Carolina
In Orrum, Robeson County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The median home price in Orrum is $60,800. Homeowners in Orrum can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $386 and the 75th percentile tax bill reaching $804. For those at the 90th percentile, the tax bill can go up to $1,189. The highest and lowest median tax bills in the area are both $547, which corresponds to the zip code 28369. These property tax bills are influenced by several factors, including the assessed value of the property and the local tax rate. Compared to the national median property tax rate of 0.99%, the rates in Orrum can result in varied financial impacts on homeowners. Higher property tax bills can affect overall affordability, making it crucial for homeowners to understand their tax obligations and explore potential exemptions or appeals to manage their expenses effectively.
Average Orrum Tax Bill
$547
Average Robeson County Tax Bill
$623
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Orrum, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28369 | $257 | $386 | $547 | $804 | $1,189 |
Source: Ownwell