Ellerbe, Richmond County, North Carolina Property Taxes

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

Median Ellerbe, NC effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Ellerbe, NC home value: $64,451
Median annual Ellerbe, NC tax bill: $659, $1,741 lower than the national median property tax bill of $2,400.

How are property taxes in Richmond County calculated?

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

Last Updated March 1, 2025

Ellerbe, Richmond County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.03%

Estimate Property Tax Bill

$664

$616

Ownwell’s Ellerbe Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ellerbe with just two data points. By entering your property's estimated assessed value, our calculator applies Ellerbe’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 Richmond County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ellerbe, Richmond County, North Carolina

Local government entities are responsible for setting tax rates, leading to significant variations within a state. Each year, counties determine their necessary budget to fund services and divide this amount by the total value of all taxable property within their jurisdiction. This process results in the property tax rate. Although votes and legislation play roles in establishing tax rates and budgets, this is essentially the annual procedure. Now, let's examine Ellerbe’s effective property tax rate in comparison to other cities in North Carolina and the median property tax rates in the state and across the U.S.

Property Tax Rates Across Ellerbe, Richmond County, North Carolina

Source: Ownwell

0.93%

1.08%

1.23%

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 Ellerbe Tax Rate

1.03%

Median Effective Richmond County Tax Rate

1.05%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ellerbe, Richmond County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28338	0.64%	0.91%	1.03%	1.20%	1.52%

Source: Ownwell

Property Tax Assessment Values Across Ellerbe, Richmond County, North Carolina

When examining property taxes in Ellerbe, 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 Richmond County Tax Office 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 Richmond County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Ellerbe. For example, the median home price in Ellerbe is $64,451, with tax bills ranging significantly across the county. Zip code 28338 has the highest median home price at $64,451.

Property Tax Assessment Values Across Ellerbe, Richmond County, North Carolina

Source: Ownwell

$34,878

$63,151

$91,423

Median Ellerbe Market Value

$64,451

Median Richmond County Market Value

$60,261

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ellerbe, Richmond County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28338	$9,753	$32,942	$64,451	$108,440	$168,997

Source: Ownwell

Property Tax Bills Across Ellerbe, Richmond County, North Carolina

In Ellerbe, located in Richmond County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Ellerbe, the median home price is $64,451, which results in a tax bill that can vary significantly. For example, 25% of homeowners pay around $390, while 75% pay up to $1,037, and the top 10% pay as much as $1,560. Despite being lower than the national median property tax bill of $2,400, these taxes can still pose a burden. Homeowners in Ellerbe can benefit from appealing their property tax assessments to potentially lower their tax bills. Ownwell offers expert property tax appeal services, helping homeowners navigate the complexities of the appeal process. By ensuring that properties are fairly assessed, Ownwell can help reduce the financial burden of property taxes, allowing homeowners to save significantly.

Property Tax Bills Across Ellerbe, Richmond County, North Carolina

Source: Ownwell

$405

$631

$856

Median Ellerbe Tax Bill

$659

Median Richmond County Tax Bill

$644

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Ellerbe, Richmond County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28338	$126	$390	$659	$1,037	$1,560

Source: Ownwell