Reidsville, North Carolina Property Taxes
The median property tax rate in Reidsville, NC is 0.80%, slightly below both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Reidsville, the typical annual property tax bill amounts to $748, which is significantly lower than the national median of $2,690. Property taxes in Reidsville 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 Reidsville'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 Reidsville or another part of Rockingham County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Reidsville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$643
Ownwell’s Reidsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reidsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reidsville 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 Reidsville, North Carolina
Property taxes in Reidsville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reidsville is 0.80%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Reidsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reidsville 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 Reidsville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27027 zip code has the highest median property tax rate of 1.38%, while the 27326 zip code has the lowest median tax rate of 0.77%. Understanding how these cities compare with Reidsville provides valuable insights into the varying tax landscape across Rockingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Reidsville Tax Rate
0.80%
Average Rockingham County Tax Rate
0.81%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reidsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27025 | 0.79% | 0.80% | 0.81% | 0.82% | 4.24% |
| 27027 | 1.36% | 1.37% | 1.38% | 1.38% | 1.39% |
| 27048 | 0.78% | 0.79% | 0.80% | 0.80% | 0.80% |
| 27249 | 0.81% | 0.81% | 0.81% | 0.81% | 0.81% |
| 27288 | 0.77% | 0.77% | 0.80% | 1.30% | 1.30% |
| 27320 | 0.77% | 0.79% | 0.80% | 1.43% | 1.43% |
| 27323 | 0.80% | 0.80% | 0.80% | 0.81% | 0.81% |
| 27326 | 0.72% | 0.76% | 0.77% | 0.79% | 0.82% |
| 27357 | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% |
| 27358 | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Reidsville, North Carolina
In Reidsville, 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 Rockingham County tax assessor 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. 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 Reidsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Reidsville, the zip code with the highest median tax bill is 27320 at $757, while the lowest is 27027 at $101.
Property Tax Assessment Values Across Reidsville, North Carolina
Source: Ownwell
$5,631
$70,151
$134,671
Average Reidsville Assessed Value
$80,368
Average Rockingham County Assessed Value
$76,220
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Reidsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27025 | $5,420 | $8,096 | $17,225 | $45,000 | $45,000 |
| 27027 | $6,624 | $6,901 | $7,362 | $7,824 | $8,100 |
| 27048 | $4,784 | $9,475 | $19,296 | $39,709 | $48,554 |
| 27249 | $21,671 | $27,983 | $38,503 | $38,503 | $38,503 |
| 27288 | $1,243 | $3,715 | $5,760 | $17,728 | $29,541 |
| 27320 | $10,889 | $35,264 | $81,004 | $136,216 | $218,967 |
| 27323 | $20,261 | $20,286 | $20,328 | $20,370 | $20,395 |
| 27326 | $3,930 | $12,363 | $15,284 | $19,336 | $24,042 |
| 27357 | $3,302 | $6,136 | $10,860 | $15,584 | $18,418 |
| 27358 | $67,276 | $69,911 | $74,302 | $78,693 | $81,328 |
Source: Ownwell
Property Tax Bills Across Reidsville, North Carolina
In Reidsville, located in Rockingham County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local tax assessors and reflects the property's market value. Homeowners in Reidsville can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $338 and the 75th percentile reaching $1,302. The 90th percentile tax bill can go as high as $2,062. Factors such as property size, location, and improvements play a crucial role in determining the assessed value. For instance, properties in the 27320 zip code have the highest median tax bill at $757, whereas those in the 27027 zip code see the lowest median tax bill at $101. These variations impact homeowners by influencing their annual financial obligations. Compared to the national median property tax rate of 0.99%, Reidsville's property tax rates can offer a mix of affordability and higher costs, depending on the specific property and its assessed value.
Average Reidsville Tax Bill
$748
Average Rockingham County Tax Bill
$704
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Reidsville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27025 | $59 | $69 | $136 | $362 | $1,866 |
| 27027 | $92 | $95 | $101 | $107 | $110 |
| 27048 | $38 | $74 | $146 | $316 | $386 |
| 27249 | $174 | $225 | $310 | $310 | $310 |
| 27288 | $11 | $32 | $59 | $136 | $385 |
| 27320 | $94 | $352 | $757 | $1,311 | $2,071 |
| 27323 | $163 | $163 | $164 | $164 | $164 |
| 27326 | $10 | $77 | $117 | $148 | $184 |
| 27357 | $27 | $49 | $87 | $125 | $148 |
| 27358 | $542 | $563 | $598 | $633 | $655 |
Source: Ownwell