Chatham County Property Tax Rates | Buying a New Home in Chatham County NC
Posted by Penny Hull on Thu, Nov 17, 2011 @ 04:59 AM
How Much Are Property Taxes in Chatham County?
If you're considering a move to the greater Raleigh area, or just a relocation within the Triangle, you've probably wondered how much the yearly property taxes will be for your new home.
Where is Chatham County? Chatham County is located west of Wake County and south of Orange County and Alamance County.
Chatham County encompasses Pittsboro (the County Seat) Siler City, Goldston, Silk Hope, Bear Creek, and Bonlee.
Silk Hope, Bear Creek, and Fearrington Village are just a few popular areas to live in Chatham County.
Find Out What District Your New Chatham County Home is Located In
Ask your real estate agent what fire district or town the property resides in. If there's a particular home that you're considering, you can go directly to the Chatham County Tax Records site.
The chart below shows the 2011 Chatham County property tax rates. If you are relocating to a home inside a town or fire district, the tax rate will generally be higher. If your new home will be outside of town boundaries, the tax rate can be extremely low.
The county rate gets combined with either the fire district rate or the town rate, depending on where the home for sale is located. For example, Pittsboro has a city rate of 0.3020, and the Chatham County rate is 0.6219. Then just add the two together - the total property tax rate for Pittsboro, NC is 0.9239.
What will I actually pay in Pittsboro, Siler City, Goldston, or Bonlee property taxes?
The Chatham County property tax chart is not as confusing as it looks. The tax rates are always based on the assessed value of the home, not the asking price, so you'll want to look up the assessed value, or ask your agent for it.
- Take the assessed value of the property.
- Divide by 100.
- Multiply by the combined 2011 tax rate.
- This will give you the yearly tax amount, per 2011 fiscal year rates.
And just to give you an idea, here's a table of sample yearly tax payments for different sample assessed home values.
Chatham County has some of the lowest property tax rates in the Triangle area. There is no guarantee that tax rates will remain the same - check the Chatham County Property Tax page for most recent information.
As you can see, the Town of Siler City is one of the most expensive places to live in Chatham County NC.
When looking at properties, don't take the "city" address for granted - you could be in a different county, with different tax rates, depending on where exactly the property is located.
Want to Compare Property Tax Rates?
Compare property tax rates in Chatham County to other counties in the area.
Alamance County Property Tax Rates 2011
Cumberland County NC Property Tax Rates 2011
Chatham County NC Property Tax Rates 2011
Durham County NC Property Tax Rates 2011
Franklin County NC Property Tax Rates 2011
Granville County NC Property Tax Rates 2011
Johnston County NC Property Tax Rates 2011
Harnett County NC Property Tax Rates 2011
Raleigh Property Tax Rates 2011
Wake County NC Property Tax Rates 2011
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