27316 Property Tax Rate

Property owners in ZIP code 27316 (Ramseur, North Carolina) pay a median of $1,084/year in property taxes on homes valued at $141,600. This translates to an effective tax rate of 0.77%, which is 7% above the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 27316 is approximately $90, which factors into escrow payments on mortgages. This ZIP code is located within Randolph County. This is $507 less than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 27316 has lower property taxes. ZIP codes with similar effective rates include 28382 (0.77%) and 27513 (0.76%).

In Ramseur, property taxes represent approximately 2.1% of the median household income of $52,699, providing context for the relative tax burden on homeowners in this area.

North Carolina reassesses property at market value upon sale — Randolph County will appraise your property at fair market value, setting a new assessed value with no statewide cap on reassessment increases. Randolph County provides homestead exemptions and senior (65+)/disabled veteran exemptions; file your application with the Randolph County Tax Assessor within 30 days of closing to reduce your taxable assessed value and lower your annual taxes. Obtain written confirmation of your exemption status and effective date, and verify it appears on your first property tax bill to avoid overpayment.