Siler City, Chatham County, North Carolina Property Taxes

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

Median Siler City, NC effective property tax rate: 0.89%, slightly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Siler City, NC home value: $130,637
Median annual Siler City, NC tax bill: $1,207, $1,193 lower than the national median property tax bill of $2,400.

How are property taxes in Chatham County 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, Chatham County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$1,155

$1,072

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 Chatham County.

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

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

Local government entities set property tax rates, which can vary widely within a state. Each county estimates its required budget annually 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 votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.

In Siler City, located in Chatham County, NC, the effective property tax rate reflects the local government's fiscal strategy. The median property tax rate in North Carolina is slightly below the national median, offering some relief to property owners compared to other states. This can be particularly advantageous for residents of Siler City, as it suggests a more manageable tax burden relative to the national average. However, property owners should remain informed about potential changes in tax rates, as these can impact the overall cost of homeownership. By understanding how local tax rates compare to state and national figures, residents can better plan for their financial future and make informed decisions about property investments.

Property Tax Rates Across Siler City, 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 Siler City Tax Rate

0.93%

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 Siler City, Chatham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27344	0.79%	0.85%	0.93%	1.26%	1.27%

Source: Ownwell

Property Tax Assessment Values Across Siler City, Chatham 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 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.

Assessment notices: 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 Siler City. For example, the median home price in Siler City is $130,637, with tax bills ranging significantly across the county. 27344 has the highest median home price at $130,637.

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

Source: Ownwell

$102,922

$408,359

$713,796

Median Siler City Market Value

$124,183

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 Siler City, Chatham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27344	$50,843	$80,880	$124,183	$186,936	$287,873

Source: Ownwell

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

In Siler City, NC, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property improvements, market conditions, and comparable home sales in the area can influence the assessed value. In Siler City, homeowners face a median property tax bill of $1207, which is significantly lower than the national median of $2400. However, tax bills can vary widely, with some homeowners paying as little as $804 or as much as $2490. High property taxes can strain homeowners, impacting their financial stability and potentially affecting their ability to maintain or improve their homes. This is where Ownwell comes in. By offering property tax appeal and exemption services, Ownwell helps homeowners identify opportunities to reduce their tax burden. Through careful analysis and strategic appeals, Ownwell can assist homeowners in potentially lowering their property tax bills, providing much-needed financial relief.

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

Source: Ownwell

$927

$3,481

$6,035

Median Siler City Tax Bill

$1,214

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 Siler City, Chatham County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27344	$500	$781	$1,214	$1,832	$2,554

Source: Ownwell