Oxford, Vance County, North Carolina Property Taxes
- Median Oxford, 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 Oxford, NC home value: $87,400
- Median annual Oxford, NC tax bill: $903, $1,497 lower than the national median property tax bill of $2,400.
How are property taxes in Vance County calculated?
Property taxes in Oxford, 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 Oxford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Oxford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Oxford, Vance County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.04%
Estimate Property Tax Bill
$909
$843
Property Tax Rates Across Oxford, Vance County, North Carolina
Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Oxford’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S. Oxford, located in Vance County, has a median property tax rate of 1.04%, which aligns with the highest and lowest rates within the zip code 27565. This rate is slightly above the national median property tax rate of 1.02%. Compared to the national median property tax bill of $2400, Oxford's property tax rate reflects the local government's approach to balancing budget needs with property value assessments. By understanding these rates, property owners in Oxford can better anticipate their annual tax obligations and explore potential savings through property tax appeals and exemptions.
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 Oxford Tax Rate
1.04%
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 Vance County Tax Rate
1.16%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Oxford, Vance County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27565 | 0.57% | 0.98% | 1.04% | 1.12% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Oxford, Vance County, North Carolina
When examining property taxes in Oxford, 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 Vance County assessment 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 Vance 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 Oxford.
For example, the median home price in Oxford is $87,400, with tax bills ranging significantly across the county. Zip code 27565 has the highest median home price at $87,400.
Property Tax Assessment Values Across Oxford, Vance County, North Carolina
Source: Ownwell
$40,378
$70,216
$100,054
Median Oxford Market Value
$87,400
Median Vance County Market Value
$63,100
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Oxford, Vance County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27565 | $39,453 | $61,348 | $87,400 | $151,549 | $217,348 |
Source: Ownwell
Property Tax Bills Across Oxford, Vance County, North Carolina
Median Oxford Tax Bill
$903
Median Vance County Tax Bill
$757
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Oxford, Vance County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27565 | $391 | $592 | $903 | $1,373 | $2,124 |
Source: Ownwell