Norman, Richmond County, North Carolina Property Taxes

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

Median Norman, NC effective property tax rate: 1.04%, slightly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Norman, NC home value: $49,141
Median annual Norman, NC tax bill: $541, $1,859 lower than the national median property tax bill of $2,400.

How are property taxes in Richmond calculated?

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

Last Updated March 1, 2025

Norman, Richmond County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$751

$697

Ownwell’s Norman Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Norman with just two data points. By entering your property's estimated assessed value, our calculator applies Norman’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 Norman, Richmond County, North Carolina

Local government entities set property tax rates, which can vary significantly within a state. Each county estimates its annual budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting these rates and budgets, this is the core of the annual process. In Norman, located in Richmond County, North Carolina, the effective property tax rate is 1.04%. This rate is higher than the national median property tax rate of 1.02%. Interestingly, Norman shares the same median tax rate as the highest and lowest median tax rates in the state, both recorded in the 28367 zip code. When compared to the national median property tax bill of $2400, the local rate reflects the unique financial requirements and property values of the area. Understanding these differences can be crucial for property owners looking to manage their tax liabilities effectively.

Property Tax Rates Across Norman, Richmond County, North Carolina

Source: Ownwell

0.82%

0.95%

1.09%

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 Norman Tax Rate

0.91%

Median Effective Richmond County Tax Rate

0.91%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Norman, Richmond County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28367	0.75%	0.84%	0.91%	1.03%	1.06%

Source: Ownwell

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

When examining property taxes in Norman, 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 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 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 Norman.

For example, the median home price in Norman is $49,141, with tax bills ranging significantly across the county. Zip code 28367 has the highest median home price at $49,141.

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

Source: Ownwell

$42,682

$89,714

$136,746

Median Norman Market Value

$82,517

Median Richmond County Market Value

$89,022

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28367	$57,552	$64,640	$82,517	$104,787	$127,072

Source: Ownwell

Property Tax Bills Across Norman, Richmond County, North Carolina

In Norman, Richmond County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value typically reflects a percentage of the market value. Homeowners in Norman face property tax bills that vary widely, with the 25th percentile at $372 and the 75th percentile at $730. This range indicates that while some homeowners pay less, others might see higher bills, with the 90th percentile reaching $793. Compared to the national median property tax bill of $2,400, Norman's figures are considerably lower, offering some relief to homeowners.

Factors influencing the tax bill include the property's assessed value and the local tax rate. Ownwell can assist homeowners by providing property tax appeal services, potentially lowering their assessed values and tax bills. By leveraging expertise in local tax laws and assessment practices, Ownwell helps homeowners ensure their property taxes are fair, potentially saving them significant amounts annually. This service is invaluable in reducing financial burdens and ensuring equitable taxation.

Property Tax Bills Across Norman, Richmond County, North Carolina

Source: Ownwell

$493

$799

$1,105

Median Norman Tax Bill

$691

Median Richmond County Tax Bill

$813

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Norman, Richmond County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28367	$562	$591	$691	$1,046	$1,138

Source: Ownwell