Spencer, Rowan County, North Carolina Property Taxes
Median Spencer, NC effective property tax rate: 1.13%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Spencer, NC home value: $159,085
Median annual Spencer, NC tax bill: $1,794, $606 lower than the national median property tax bill of $2,400.
How are property taxes in Rowan calculated?
Property taxes in Spencer, 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 Spencer’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Spencer, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Spencer, Rowan County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.13%
Estimate Property Tax Bill
$1,798
$1,668
Property Tax Rates Across Spencer, Rowan 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 Spencer Tax Rate
1.13%
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 Spencer, Rowan County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28159 | 1.13% | 1.13% | 1.13% | 1.13% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Spencer, Rowan County, North Carolina
When examining property taxes in Spencer, 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 Spencer.
For example, the median home price in Spencer is $159,085, with tax bills ranging significantly across the county. Zip code 28159 has the highest median home price at $159,085.
Property Tax Assessment Values Across Spencer, Rowan County, North Carolina
Source: Ownwell
$135,470
$402,522
$669,574
Median Spencer Market Value
$159,085
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 Spencer, Rowan County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28159 | $97,638 | $128,240 | $159,085 | $202,069 | $267,184 |
Source: Ownwell
Property Tax Bills Across Spencer, Rowan County, North Carolina
In Spencer, located in Rowan County, NC, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in the area is $159,085, which influences the overall tax liability for homeowners. With a median property tax bill of $1,794, Spencer's rate is below the national median of $2,400, offering relatively affordable property tax obligations compared to many other regions. However, tax bills can vary significantly, with the 25th percentile at $1,442 and the 75th percentile at $2,280, highlighting the range in tax liabilities based on property value and assessment accuracy.
Factors such as property improvements or changes in market conditions can affect the assessed value, leading to fluctuations in tax bills. For homeowners looking to manage these costs, Ownwell offers valuable services to appeal property tax assessments and secure exemptions. By leveraging expertise in local tax regulations, Ownwell helps homeowners potentially reduce their tax bills, ensuring they only pay their fair share.
Median Spencer Tax Bill
$1,794
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 Spencer, Rowan County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28159 | $1,091 | $1,442 | $1,794 | $2,280 | $3,014 |
Source: Ownwell