Siler City, Alamance County, North Carolina Property Taxes

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

Median Siler City, NC effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Siler City, NC home value: $451,186
Median annual Siler City, NC tax bill: $2,343, $57 lower than the national median property tax bill of $2,400.

How are property taxes in Alamance calculated?

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

Last Updated March 1, 2025

Siler City, Alamance County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.52%

Estimate Property Tax Bill

$2,346

$2,177

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

Property Tax Rates Across Siler City, Alamance County, North Carolina

Local government entities set tax rates, and these can vary significantly within a state. This is because every year, each county calculates its necessary budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the basic annual process.

In Siler City, located in Chatham County, North Carolina, the property tax process follows this same principle. The effective property tax rate here can be compared to other cities within the state and to the national median. Interestingly, North Carolina's median property tax rate is considerably lower than the national median of 1.02%. This means that property owners in Siler City might find themselves paying less in property taxes compared to other parts of the country, providing an attractive incentive for potential homeowners. Understanding these nuances can help property owners make informed decisions and potentially save on their property tax bills.

Property Tax Rates Across Siler City, Alamance County, North Carolina

Source: Ownwell

0.43%

0.68%

0.92%

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 Siler City Tax Rate

0.52%

Median Effective Alamance County Tax Rate

0.49%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Siler City, Alamance County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27344	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Siler City, Alamance County, North Carolina

When examining property taxes in Siler City, 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 Alamance 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.

Assessment notices are sent in the spring each year in Alamance County. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice containing 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 Siler City. For example, the median home price in Siler City is $451,186, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Siler City, Alamance County, North Carolina

Source: Ownwell

$184,192

$334,593

$484,994

Median Siler City Market Value

$451,186

Median Alamance County Market Value

$246,962

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Siler City, Alamance County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27344	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Siler City, Alamance County, North Carolina

In Siler City, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the home. In Siler City, the property tax rate is slightly below the national median, making it relatively affordable compared to other regions. The median property tax bill in Siler City is around $2,145, which reflects the 25th percentile, indicating that many homeowners pay less than the national median bill of $2,400. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. For homeowners facing high property taxes, Ownwell offers a valuable service by identifying potential errors in assessments and applying for exemptions or appeals on behalf of the homeowner. This can lead to significant savings, ensuring that homeowners only pay their fair share. By leveraging Ownwell's expertise, homeowners in Siler City can potentially reduce their property tax burden effectively.

Property Tax Bills Across Siler City, Alamance County, North Carolina

Source: Ownwell

$893

$1,769

$2,645

Median Siler City Tax Bill

$2,343

Median Alamance County Tax Bill

$1,218

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Siler City, Alamance County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27344	N/A	N/A	N/A	N/A	N/A

Source: Ownwell