Oxford, Vance County, North Carolina Property Taxes

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

Median Oxford, NC effective property tax rate: 1.04%, significantly higher than the national median of 1.02%, and higher 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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.04%

Estimate Property Tax Bill

$909

$843

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

Property Tax Rates Across Oxford, Vance County, North Carolina

Local government entities determine tax rates, which can differ significantly within a state. The reason? Annually, each county calculates its necessary budget to deliver services and divides that by the total assessed value of all taxable property within its jurisdiction. This determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially 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 is higher than the national median of 1.02%. While this rate is consistent across the region, it is higher than the national average. This means property owners in Oxford may face slightly higher property tax bills compared to the national median bill of $2,400. Understanding these rates can help property owners make informed decisions and potentially seek appeals or exemptions to manage their property tax obligations effectively.

Property Tax Rates Across Oxford, Vance County, North Carolina

Source: Ownwell

1.02%

1.39%

1.76%

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%

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 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 Vance 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 Oxford. For example, the median home price in Oxford is $87,400, with tax bills ranging significantly across the county. 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

In Oxford, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Oxford is $87,400. The tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in the area typically see a tax bill around $903, which aligns with the highest and lowest median tax bills recorded in the region. This is significantly lower than the national median property tax bill of $2,400, providing some relief to local homeowners. However, with tax bills ranging from $592 at the 25th percentile to $2,124 at the 90th percentile, there is considerable variation, and some homeowners may face unexpectedly high bills. Ownwell offers property tax appeal services to help homeowners potentially reduce their tax burden. By analyzing your property's assessed value and comparing it to market rates, Ownwell can identify discrepancies and file appeals, aiming to lower your tax bill and ensure you're not overpaying.

Property Tax Bills Across Oxford, Vance County, North Carolina

Source: Ownwell

$536

$754

$971

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