Rockwell, Rowan County, North Carolina Property Taxes
Median Rockwell, NC effective property tax rate: 0.67%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Rockwell, NC home value: $180,576
Median annual Rockwell, NC tax bill: $1,402, $998 lower than the national median property tax bill of $2,400.
How are property taxes in Rowan calculated?
Property taxes in Rockwell, 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 Rockwell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Rockwell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rockwell, Rowan County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.67%
Estimate Property Tax Bill
$1,210
$1,123
Property Tax Rates Across Rockwell, Rowan County, North Carolina
Local government entities in North Carolina set property tax rates, which can vary widely within the state. Each year, counties like Rowan estimate their required budget to provide essential services. This budget is then divided by the total value of all taxable property within the county, resulting in the property tax rate. While setting tax rates and budgets involves votes and laws, this annual process is straightforward.
In Rockwell, located in Rowan County, the effective property tax rate can be compared to other cities in North Carolina and the median property tax rates in the state and the U.S. North Carolina's median property tax rate is lower than the national median rate of 1.02%. This makes it an attractive location for property owners looking to save on taxes. By understanding how these rates are determined and comparing them to national averages, property owners can make informed decisions. Whether you're a homeowner or investor, staying informed about property tax trends can lead to significant savings.
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 Rockwell Tax Rate
0.67%
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 Rowan County Tax Rate
0.68%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Rockwell, Rowan County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28138 | 0.67% | 0.67% | 0.67% | 0.67% | 1.04% |
Source: Ownwell
Property Tax Assessment Values Across Rockwell, Rowan County, North Carolina
When examining property taxes in Rockwell, 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 Rowan 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 Rowan 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 Rockwell. For example, the median home price in Rockwell is $180,576, with tax bills ranging significantly across the county. 28138 has the highest median home price at $180,576.
Property Tax Assessment Values Across Rockwell, Rowan County, North Carolina
Source: Ownwell
$135,470
$402,522
$669,574
Median Rockwell Market Value
$180,576
Median Rowan County Market Value
$187,326
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Rockwell, Rowan County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28138 | $64,412 | $116,866 | $180,576 | $275,770 | $414,389 |
Source: Ownwell
Property Tax Bills Across Rockwell, Rowan County, North Carolina
In Rockwell, located in Rowan County, NC, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local tax authorities and reflects the property's market value. Homeowners in Rockwell can expect a property tax bill that varies significantly depending on their home's value. For instance, those in the 25th percentile pay around $816, while those in the 75th percentile see bills close to $2,123, and the 90th percentile reaches up to $3,250. These figures are below the national median property tax bill of $2,400, offering some relief to homeowners in Rockwell.
However, property taxes can still be a burden. Ownwell assists homeowners by providing property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners achieve significant savings. This service is particularly beneficial in ensuring that property tax bills are fair and accurately reflect the true value of a home, ultimately easing the financial burden on Rockwell residents.
Median Rockwell Tax Bill
$1,402
Median Rowan County Tax Bill
$1,628
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Rockwell, Rowan County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28138 | $446 | $816 | $1,402 | $2,123 | $3,250 |
Source: Ownwell
