Timberlake, Person County, North Carolina Property Taxes
Median Timberlake, NC effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Timberlake, NC home value: $157,508
Median annual Timberlake, NC tax bill: $1,155, $1,245 lower than the national median property tax bill of $2,400.
How are property taxes in Person County calculated?
Property taxes in Timberlake, 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 Timberlake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Timberlake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Timberlake, Person County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$1,261
$1,170
Property Tax Rates Across Timberlake, Person County, 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 Timberlake Tax Rate
0.78%
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 Person County Tax Rate
0.78%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Timberlake, Person County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27583 | 0.72% | 0.78% | 0.78% | 0.79% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Timberlake, Person County, North Carolina
When examining property taxes in Timberlake, 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 Person 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 Person 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 Timberlake.
For example, the median home price in Timberlake is $157,508, with tax bills ranging significantly across the county. Zip code 27583 has the highest median home price at $157,508.
Property Tax Assessment Values Across Timberlake, Person County, North Carolina
Source: Ownwell
$94,660
$234,358
$374,056
Median Timberlake Market Value
$161,621
Median Person County Market Value
$125,621
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Timberlake, Person County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27583 | $60,919 | $94,512 | $161,621 | $250,756 | $350,651 |
Source: Ownwell
Property Tax Bills Across Timberlake, Person County, North Carolina
In Timberlake, NC, property tax bills are calculated based on the assessed value of a home, which is often lower than its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Person County, the tax bill can vary significantly, with the 25th percentile at $683 and the 75th percentile reaching $1,870. The 90th percentile tax bill is $2,537, which is above the national median of $2,400. These figures highlight the variability and potential burden of property taxes in the area.
Factors influencing these bills include property size, location, and any applicable exemptions or abatements. Homeowners often face challenges due to rising property values, which can increase their assessed value and, consequently, their tax liability. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners navigate these complexities. By leveraging local knowledge and experience, Ownwell can assist in reducing tax bills, ensuring homeowners pay only their fair share.
Median Timberlake Tax Bill
$1,196
Median Person County Tax Bill
$1,057
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Timberlake, Person County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27583 | $404 | $705 | $1,196 | $1,914 | $2,644 |
Source: Ownwell