Mayodan, Rockingham County, North Carolina Property Taxes
Median Mayodan, NC effective property tax rate: 0.93%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Mayodan, NC home value: $67,926
Median annual Mayodan, NC tax bill: $710, $1,690 lower than the national median property tax bill of $2,400.
How are property taxes in Rockingham calculated?
Property taxes in Mayodan, 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 Mayodan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mayodan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mayodan, Rockingham County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.74%
Estimate Property Tax Bill
$898
$834
Property Tax Rates Across Mayodan, Rockingham County, North Carolina
Local government entities determine tax rates, which can vary significantly within a state. Each county annually estimates its budget to provide essential services and divides that by the total value of all taxable property within its area, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
Mayodan in Rockingham County, North Carolina, offers an interesting case for property tax comparisons. The effective property tax rate in Mayodan is 0.93%, which aligns with the highest and lowest rates found within the same zip code, 27027. This rate is slightly below North Carolina's median property tax rate and is also lower than the national median property tax rate of 1.02%.
When considering property tax bills, Mayodan's figures are notably less than the national median property tax bill of $2,400. This suggests that property owners in Mayodan may enjoy a more favorable tax environment compared to many other parts of the country.
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 Mayodan Tax Rate
0.74%
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 Rockingham County Tax Rate
0.66%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mayodan, Rockingham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27027 | 0.66% | 0.66% | 0.74% | 1.25% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Mayodan, Rockingham County, North Carolina
When examining property taxes in Mayodan, 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 Rockingham 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 Rockingham 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 Mayodan. For example, the median home price in Mayodan is $67,926, with tax bills ranging significantly across the county. Zip code 27027 has the highest median home price at $67,926.
Property Tax Assessment Values Across Mayodan, Rockingham County, North Carolina
Source: Ownwell
$7,968
$113,248
$218,528
Median Mayodan Market Value
$121,387
Median Rockingham County Market Value
$136,150
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mayodan, Rockingham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27027 | $14,985 | $58,945 | $121,387 | $181,592 | $265,431 |
Source: Ownwell
Property Tax Bills Across Mayodan, Rockingham County, North Carolina
Median Mayodan Tax Bill
$1,078
Median Rockingham County Tax Bill
$1,030
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Mayodan, Rockingham County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27027 | $115 | $474 | $1,078 | $1,791 | $2,563 |
Source: Ownwell