Moncure, Chatham County, North Carolina Property Taxes
Median Moncure, NC effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Moncure, NC home value: $228,518
Median annual Moncure, NC tax bill: $1,866, $534 lower than the national median property tax bill of $2,400.
How are property taxes in Chatham calculated?
Property taxes in Moncure, 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 Moncure’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Moncure, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Moncure, Chatham County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.87%
Estimate Property Tax Bill
$1,988
$1,845
Property Tax Rates Across Moncure, Chatham County, North Carolina
Local government entities set tax rates, which can vary widely within a state. This variation occurs because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Moncure, located in Chatham County, North Carolina, the effective property tax rate is 0.87%, which is lower than the national median of 1.02%. This makes Moncure an attractive option for property owners looking to reduce their tax burden. Compared to the national median property tax bill of $2,400, residents in Moncure benefit from relatively lower property taxes. The tax rate in Moncure is consistent across the region, offering predictability for homeowners. This stability, combined with the lower tax rate, can be a significant factor for potential homebuyers and investors considering properties in North Carolina.
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 Moncure Tax Rate
0.87%
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 Moncure, Chatham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27559 | 0.60% | 0.83% | 0.87% | 0.91% | 0.96% |
Source: Ownwell
Property Tax Assessment Values Across Moncure, Chatham County, North Carolina
When examining property taxes in Moncure, 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 May. 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 Moncure.
For example, the median home price in Moncure is $228,518, with tax bills ranging significantly across the county. Zip code 27559 has the highest median home price at $228,518.
Property Tax Assessment Values Across Moncure, Chatham County, North Carolina
Source: Ownwell
$108,164
$413,964
$719,763
Median Moncure Market Value
$228,518
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 Moncure, Chatham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27559 | $97,275 | $147,459 | $228,518 | $363,164 | $496,487 |
Source: Ownwell
Property Tax Bills Across Moncure, Chatham County, North Carolina
In Moncure, located in Chatham County, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. This assessed value is a percentage of the property's market value, which is periodically evaluated by the county. Factors such as property size, location, and improvements can influence this value. Homeowners in Moncure typically face a median property tax bill of $1,866, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,196 and the 90th percentile reaching $4,032. These variations can pose challenges for homeowners, especially if assessments increase unexpectedly.
Ownwell offers a solution by providing property tax appeal and exemption services. By analyzing your property's assessed value and comparing it with similar properties, Ownwell can identify potential over-assessments. This could lead to a reduction in your tax bill, ensuring you only pay your fair share. With Ownwell's expertise, homeowners can navigate the complexities of property tax assessments and potentially save significantly.
Median Moncure Tax Bill
$1,866
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 Moncure, Chatham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27559 | $750 | $1,196 | $1,866 | $2,896 | $4,032 |
Source: Ownwell
