By Mike Pool
Pittsboro, NC – As of April 2024, the median home list price for Chatham County is $841,500, as reported by the North Carolina Association of County Commissioners. This price is the second highest in the state, and it is double the statewide median of $410,950. By state law, the assessed values must be set at fair market value so an appeal on your property value will be hard to overcome.
The most viable approach to adjusting the property tax bill would be a reduction in the rate. According to Tax-Rates.org, the median property tax in North Carolina is $1,209, while Chatham County’s median property tax is $1,430. Considering the inflated market value of Chatham County, it would be beneficial to reduce the current percentage rate by half.
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