Siler City, Randolph County, North Carolina Property Taxes

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

Median Siler City, NC effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median Siler City, NC home value: $140,430
Median annual Siler City, NC tax bill: $804, $1,596 lower than the national median property tax bill of $2,400.

How are property taxes in Randolph calculated?

Property taxes in Siler City, 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 Siler City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Siler City, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Siler City, Randolph County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$858

$796

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

Property Tax Rates Across Siler City, Randolph County, North Carolina

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation is due to each county's need to estimate its annual budget for providing services. They then divide this budget by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these tax rates and budgets, this is essentially the annual process.

In Siler City, located in Randolph County, the effective property tax rate can be compared to other cities within North Carolina, as well as the median property tax rates in the state and across the U.S. North Carolina's property tax rates tend to be lower than the national median, making it an appealing place for property owners. The state's median property tax rate is significantly below the national median of 1.02%, offering a cost-effective option for homeowners. This favorable tax environment can provide substantial savings over time, enhancing the appeal of owning property in Siler City and similar areas within the state.

Property Tax Rates Across Siler City, Randolph County, North Carolina

Source: Ownwell

0.60%

0.96%

1.33%

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 Siler City Tax Rate

0.60%

Median Effective Randolph County Tax Rate

0.68%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Siler City, Randolph County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27344	0.35%	0.60%	0.60%	0.60%	0.61%

Source: Ownwell

Property Tax Assessment Values Across Siler City, Randolph County, North Carolina

When examining property taxes in Siler City, 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 Randolph 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: In Randolph 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 Siler City. For example, the median home price in Siler City is $140,430, with tax bills ranging significantly across the county. Zip code 27344 has the highest median home price at $140,430.

Property Tax Assessment Values Across Siler City, Randolph County, North Carolina

Source: Ownwell

$78,165

$146,938

$215,710

Median Siler City Market Value

$142,935

Median Randolph County Market Value

$168,370

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Siler City, Randolph County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27344	$42,356	$86,158	$142,935	$196,102	$344,572

Source: Ownwell

Property Tax Bills Across Siler City, Randolph County, North Carolina

In Siler City, located in Randolph County, NC, property tax bills are calculated based on the assessed value of a home. This value is determined by the county assessor and reflects the estimated market value of the property. The tax rate, set by local government entities, is applied to this assessed value to calculate the annual tax bill. With a median home price of $140,430, homeowners in Siler City face tax bills that range widely, with the 25th percentile at $449 and the 75th percentile reaching $1,104. These figures are notably lower than the national median property tax bill of $2,400, providing some relief to local homeowners. However, even with lower tax rates, property taxes can still be a significant expense. Ownwell offers property tax appeal and exemption services that can help homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist in filing appeals, ensuring homeowners pay only their fair share.

Property Tax Bills Across Siler City, Randolph County, North Carolina

Source: Ownwell

$562

$1,240

$1,918

Median Siler City Tax Bill

$819

Median Randolph County Tax Bill

$1,311

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Siler City, Randolph County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27344	$258	$445	$819	$1,116	$1,715

Source: Ownwell