Apex, Chatham County, North Carolina Property Taxes
Median APEX, NC effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median APEX, NC home value: $542,161
Median annual APEX, NC tax bill: $4,767, $2,367 higher than the national median property tax bill of $2,400.
How are property taxes in Chatham calculated?
Property taxes in APEX, 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 APEX’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in APEX, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Apex, Chatham County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.84%
Estimate Property Tax Bill
$4,554
$4,226
Property Tax Rates Across Apex, Chatham County, North Carolina
Local government entities are responsible for setting tax rates, and these can vary significantly within a state. The process involves each county estimating its required budget to provide essential services, then dividing 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 these rates and budgets, this is essentially the annual procedure.
In Apex, located in Chatham County, the effective property tax rate is 0.84%. This rate is slightly below the national median property tax rate of 1.02%. Comparing it to other cities within North Carolina, Apex maintains a consistent rate across different zip codes, making it one of the more predictable areas in terms of property taxes. The town's rate aligns with the highest and lowest median tax rates in the area, both at 0.84%, reflecting a stable tax environment. This consistency can be appealing for property owners looking for predictability in their tax bills. With the national median property tax bill standing at $2,400, Apex offers a competitive rate that may result in a lower annual tax bill for its residents.
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 Apex Tax Rate
0.84%
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 Chatham County Tax Rate
0.85%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Apex, Chatham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27502 | 0.36% | 0.81% | 0.84% | 0.85% | 0.87% |
| 27523 | 0.70% | 0.81% | 0.84% | 0.87% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Apex, Chatham County, North Carolina
When examining property taxes in Apex, 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 Chatham 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 Chatham 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 Apex. For example, the median home price in Apex is $542,161, with tax bills ranging significantly across the county. Zip code 27523 has the highest median home price at $542,520.
Property Tax Assessment Values Across Apex, Chatham County, North Carolina
Source: Ownwell
$108,164
$413,964
$719,763
Median Apex Market Value
$542,161
Median Chatham County Market Value
$323,510
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Apex, Chatham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27502 | $221,984 | $326,268 | $467,576 | $748,202 | $1,196,508 |
| 27523 | $245,530 | $385,627 | $542,520 | $749,204 | $1,047,225 |
Source: Ownwell
Property Tax Bills Across Apex, Chatham County, North Carolina
In Apex, located in Chatham County, NC, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined based on the market value of the property. Factors such as home size, location, and recent sales in the area influence this valuation. For homeowners in Apex, the property tax bills can vary significantly, with the 25th percentile paying around $2,928 and the 75th percentile reaching up to $5,979. Some homeowners, especially those in the highest tax bracket, face bills as high as $8,239. This is notably higher than the national median property tax bill of $2,400.
Ownwell can assist homeowners in Apex by offering professional property tax appeal services. By analyzing your property's assessed value and comparing it against similar properties, Ownwell can identify potential discrepancies and work to reduce your tax burden. This could result in substantial savings, allowing homeowners to better manage their finances and invest in their homes.
Median Apex Tax Bill
$4,767
Median Chatham County Tax Bill
$2,675
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Apex, Chatham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27502 | $1,553 | $2,423 | $3,467 | $4,963 | $7,656 |
| 27523 | $1,922 | $3,032 | $4,867 | $6,037 | $8,257 |
Source: Ownwell