New Hill, Chatham County, North Carolina Property Taxes

Name: Property Tax Bills Across New Hill, Chatham County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median New Hill, NC effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median New Hill, NC home value: $348,073
Median annual New Hill, NC tax bill: $2,825, $425 higher than the national median property tax bill of $2,400.

How are property taxes in Chatham County calculated?

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

Last Updated March 1, 2025

New Hill, Chatham County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.89%

Estimate Property Tax Bill

$2,854

$2,649

Ownwell's New Hill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Hill with just two data points.

By entering your property's estimated assessed value, our calculator applies New Hill’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 Chatham County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across New Hill, Chatham County, North Carolina

Local government entities set tax rates, which can vary widely within a state. 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. Below, you can compare New Hill’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S. With a median property tax rate of 0.85%, New Hill aligns with the state’s highest and lowest rates, both of which are also 0.85%. This is notably below the national median property tax rate of 1.02%. Residents in New Hill benefit from a lower property tax burden compared to the national average, making it an attractive option for homeowners looking to minimize their tax expenses.

Property Tax Rates Across New Hill, Chatham County, North Carolina

Source: Ownwell

0.85%

0.95%

1.05%

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 New Hill Tax Rate

0.89%

Median Effective Chatham County Tax Rate

0.89%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Hill, Chatham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27562	0.86%	0.86%	0.89%	0.92%	0.97%

Source: Ownwell

Property Tax Assessment Values Across New Hill, Chatham County, North Carolina

When examining property taxes in New Hill, 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 New Hill.

For example, the median home price in New Hill is $348,073, with tax bills ranging significantly across the county. Zip code 27562 has the highest median home price at $348,073.

Property Tax Assessment Values Across New Hill, Chatham County, North Carolina

Source: Ownwell

$102,922

$408,359

$713,796

Median New Hill Market Value

$320,709

Median Chatham County Market Value

$312,558

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Hill, Chatham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27562	$96,096	$153,532	$320,709	$456,235	$618,811

Source: Ownwell

Property Tax Bills Across New Hill, Chatham County, North Carolina

Property tax bills in New Hill, NC, are calculated based on the assessed value of a property, which is determined by the Chatham County tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market trends can influence the assessed value, impacting the final tax bill for homeowners. In New Hill, the tax bill at the 25th percentile is $1,424, while it rises to $3,761 at the 75th percentile. Comparatively, the national median property tax bill is $2,400, indicating that New Hill residents might experience varying tax burdens. For homeowners, these taxes can represent a significant annual expense. Ownwell offers a solution by providing property tax appeal and exemption services, potentially lowering the assessed value and, consequently, the tax bill. By leveraging expert knowledge and local market insights, Ownwell helps homeowners in New Hill navigate the complexities of property taxes, ensuring they pay only what is fair and necessary.

Property Tax Bills Across New Hill, Chatham County, North Carolina

Source: Ownwell

$927

$3,481

$6,035

Median New Hill Tax Bill

$2,860

Median Chatham County Tax Bill

$2,788

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across New Hill, Chatham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27562	$808	$1,374	$2,860	$4,057	$5,461

Source: Ownwell