Rich Square, Northampton County, North Carolina Property Taxes

Name: Property Tax Bills Across Rich Square, Northampton County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Rich Square, NC effective property tax rate: 1.34%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Rich Square, NC home value: $54,819
Median annual Rich Square, NC tax bill: $737, $1,663 lower than the national median property tax bill of $2,400.

How are property taxes in Northampton calculated?

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

Last Updated March 1, 2025

Rich Square, Northampton County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.4%

Estimate Property Tax Bill

$768

$713

Ownwell’s Rich Square Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rich Square with just two data points. By entering your property's estimated assessed value, our calculator applies Rich Square’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by Northampton 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 Northampton County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Rich Square, Northampton County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Each year, counties estimate their required budget to provide essential services and divide that by the total value of all taxable property within their 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 RICH SQUARE, located in Northampton County, NC, the effective property tax rate is notable when compared to other cities in North Carolina and the national average. The median property tax rate in North Carolina stands at 0.84%, which is lower than the national median of 1.02%. However, RICH SQUARE's rate is significantly higher than the state median, indicating a greater burden on property owners in this area. This can impact homeowners' financial planning and the overall attractiveness of the area for potential buyers. Understanding these rates is crucial for property owners seeking to manage their expenses effectively.

Property Tax Rates Across Rich Square, Northampton County, North Carolina

Source: Ownwell

0.91%

1.19%

1.48%

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 Rich Square Tax Rate

1.40%

Median Effective Northampton County Tax Rate

1.06%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Rich Square, Northampton County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27869	0.88%	1.05%	1.40%	1.94%	2.23%

Source: Ownwell

Property Tax Assessment Values Across Rich Square, Northampton County, North Carolina

When examining property taxes in Rich Square, 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 Northampton 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 Northampton 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 Rich Square.

For example, the median home price in Rich Square is $54,819, with tax bills ranging significantly across the county. Zip code 27869 has the highest median home price at $54,819.

Property Tax Assessment Values Across Rich Square, Northampton County, North Carolina

Source: Ownwell

$52,099

$208,889

$365,679

Median Rich Square Market Value

$54,846

Median Northampton County Market Value

$68,298

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Rich Square, Northampton County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27869	$10,265	$26,478	$54,846	$85,574	$126,400

Source: Ownwell

Property Tax Bills Across Rich Square, Northampton County, North Carolina

In Rich Square, Northampton County, NC, property tax bills are calculated based on the assessed value of a home, not its market value. The median home price in this area is $54,819, significantly lower than the national median, which results in a median tax bill of $737. This is considerably below the national median property tax bill of $2,400. The tax bill is determined by multiplying the assessed value by the local tax rate. Factors like property improvements or changes in local tax rates can influence the assessed value, impacting the total tax bill. For homeowners, these taxes can represent a significant annual expense. However, Ownwell can assist homeowners in reducing these costs by identifying potential errors in assessments or overlooked exemptions. By leveraging expert knowledge and resources, Ownwell helps ensure that homeowners are not overpaying on their property taxes, providing peace of mind and potential savings.

Property Tax Bills Across Rich Square, Northampton County, North Carolina

Source: Ownwell

$678

$1,975

$3,272

Median Rich Square Tax Bill

$769

Median Northampton County Tax Bill

$842

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Rich Square, Northampton County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27869	$120	$448	$769	$1,209	$1,762

Source: Ownwell