Proctorville, North Carolina Property Taxes
The median property tax rate in Proctorville, NC is 1.12%, noticeably higher than both the national median of 0.99% and North Carolina's state median of 0.82%. With the median home value in Proctorville at $60,600, the typical annual property tax bill reaches $679, which is still below the national median of $2,690. Property taxes in Proctorville are calculated based on the tax assessed value, often lower than market value due to exemptions like primary residence and agricultural exemptions. Understanding Proctorville'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 Proctorville or another part of Robeson County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Proctorville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$679
Ownwell’s Proctorville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Proctorville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Proctorville 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 Proctorville, North Carolina
Property taxes in Proctorville, 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 Proctorville is 1.12%, significantly higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Proctorville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Proctorville 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 Proctorville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28375 zip code has the highest median property tax rate of 1.12%, while the lowest median tax rate in the same zip code is also 1.12%. Understanding how these cities compare with Proctorville 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 Proctorville Tax Rate
1.12%
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 Proctorville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28375 | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Proctorville, North Carolina
In Proctorville, 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 Proctorville, 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. The median home price in Proctorville is $60,600, with tax bills ranging from $562 at the 25th percentile to $1,150 at the 90th percentile. Being aware of these valuation processes in Proctorville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Proctorville, North Carolina
Source: Ownwell
$59,500
$102,600
$145,700
Average Proctorville Assessed Value
$60,600
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 Proctorville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28375 | $31,660 | $50,175 | $60,600 | $88,325 | $113,420 |
Source: Ownwell
Property Tax Bills Across Proctorville, North Carolina
In Proctorville, located in Robeson County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's market value. Homeowners in Proctorville can expect their tax bill to reflect this assessed value multiplied by the local tax rate. For instance, the median home price in Proctorville is $60,600. Tax bills in this area vary, with the 25th percentile at $562 and the 75th percentile at $921. The tax bill at the 90th percentile reaches up to $1,150. These figures indicate that while some homeowners may pay lower taxes, others could face higher bills depending on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, highlighting how Proctorville's tax rates can impact homeowners differently. Understanding these factors is crucial for homeowners as property taxes significantly influence annual housing costs.
Average Proctorville Tax Bill
$679
Average Robeson County Tax Bill
$623
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Proctorville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28375 | $355 | $562 | $679 | $921 | $1,150 |
Source: Ownwell