How Property Tax Works
Richmond County, North Carolina operates under a property tax system that funds essential county services including schools, public safety, infrastructure, and local government operations. For the 2025 tax year, the county maintains a base property tax rate of 0.5760% (57.60 cents per $100 of assessed value), which is below the state average of approximately 1%. Property assessments are conducted periodically to reflect current market values, with no assessment cap limiting year-over-year increases in assessed value.
It's important to note that actual property tax rates vary by location within Richmond County due to special taxing districts, municipal boundaries, and additional assessments for services like fire districts or municipal services. Property owners should verify their specific tax rate based on their exact location, as municipal areas may have additional tax levies beyond the county rate. The county uses these tax revenues to provide core services while maintaining one of the more competitive tax rates in the region.