Timberlake, Orange County, North Carolina Property Taxes
Median Timberlake, NC effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Timberlake, NC home value: $121,250
Median annual Timberlake, NC tax bill: $1,191, $1,209 lower than the national median property tax bill of $2,400.
How are property taxes in Orange calculated?
Property taxes in Timberlake, 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 Timberlake’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Timberlake, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Timberlake, Orange County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$1,283
$1,191
Property Tax Rates Across Timberlake, Orange 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, resulting in the property tax rate. Although votes and laws are involved in setting tax rates and budgets, this is essentially the annual process.
In Timberlake, located in Person County, North Carolina, the effective property tax rate reflects the county's financial planning and service requirements. When compared to other cities in North Carolina, Timberlake's property tax rate can provide insight into local fiscal policies and priorities. The median property tax rate in North Carolina is slightly above the national median, offering a point of comparison for residents and potential property owners. Understanding these rates is crucial for homeowners considering an appeal or seeking exemptions, as it directly impacts their financial obligations. By evaluating Timberlake's property tax rate against both state and national medians, property owners can make informed decisions about their investments and potential savings through appeals or 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 Timberlake Tax Rate
1.05%
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 Orange County Tax Rate
1.28%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Timberlake, Orange County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27583 | 0.57% | 0.98% | 1.05% | 1.07% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Timberlake, Orange County, North Carolina
When examining property taxes in Timberlake, North Carolina, 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 Orange 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.
Assessment notices: Orange County sends assessment notices 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 Timberlake. For example, the median home price in Timberlake is $121,250, with tax bills ranging significantly across the county. Zip code 27583 has the highest median home price at $121,250.
Property Tax Assessment Values Across Timberlake, Orange County, North Carolina
Source: Ownwell
$122,200
$274,450
$426,700
Median Timberlake Market Value
$122,200
Median Orange County Market Value
$297,800
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Timberlake, Orange County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27583 | $88,060 | $103,300 | $122,200 | $220,100 | $372,100 |
Source: Ownwell
Property Tax Bills Across Timberlake, Orange County, North Carolina
Property Tax Bills Across Timberlake, Orange County, North Carolina
Source: Ownwell
$1,250
$3,999
$6,748
Median Timberlake Tax Bill
$1,250
Median Orange County Tax Bill
$3,938
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Timberlake, Orange County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27583 | $930 | $1,070 | $1,250 | $1,922 | $2,839 |
Source: Ownwell