27025 Property Tax Rate

Property owners in ZIP code 27025 (Madison, North Carolina) pay a median of $1,250/year in property taxes on homes valued at $168,900. This translates to an effective tax rate of 0.74%, which is 4% above the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 27025 is approximately $104, which factors into escrow payments on mortgages. This ZIP code is located within Rockingham County. This is $341 less than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 27025 has higher property taxes. ZIP codes with similar effective rates include 28036 (0.74%) and 27842 (0.74%).

In Madison, property taxes represent approximately 2.4% of the median household income of $53,075, providing context for the relative tax burden on homeowners in this area.

North Carolina reassesses property at market value upon sale — Rockingham County will set your assessed value based on fair market appraisal, potentially increasing your tax obligation from the prior owner's. Rockingham County offers homestead exemptions and senior (65+)/disabled veteran exemptions; contact the Rockingham County Tax Assessor to file your claim within 30 days of purchase and reduce your taxable assessed value. Obtain written confirmation of your exemption and note Rockingham County's revaluation schedule to file again if required.