Staley, North Carolina Property Taxes
The median property tax rate in Staley, NC is 0.89%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Staley at $108,164, the typical annual property tax bill is approximately $973, which is below the national median of $2,690. Property taxes in Staley are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Staley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Staley or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Staley, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$963
Ownwell’s Staley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Staley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Staley to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Staley, North Carolina
Property taxes in Staley, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Staley is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Staley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Staley estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Staley's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27355 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Staley provides valuable insights into the varying tax landscape across Chatham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Staley Tax Rate
0.89%
Average Chatham County Tax Rate
0.85%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Staley, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27355 | 0.61% | 0.79% | 0.89% | 0.98% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Staley, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Staley, North Carolina. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Chatham County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Staley, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both market and assessed values, along with an estimate of the annual property tax bill. For example, the median home price in Staley is $108,164, with tax bills ranging from $683 at the 25th percentile to $2,007 at the 90th percentile. Both the highest and lowest median tax bills in the area are $973, found in the 27355 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Staley Assessed Value
$108,164
Average Chatham County Assessed Value
$323,510
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Staley, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27355 | $57,991 | $75,912 | $108,164 | $174,485 | $257,544 |
Source: Ownwell
Property Tax Bills Across Staley, North Carolina
In Staley, located in Chatham County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Staley experience a median property tax bill of $973, which is below the national median of 0.99%. Factors such as property size, location, and market conditions influence the assessed value, which in turn affects the tax bill. For instance, the 25th percentile tax bill in Staley is $683, while the 75th percentile reaches $1,410, and the 90th percentile climbs to $2,007. These figures demonstrate the range of property tax obligations that homeowners might encounter. Understanding these factors can help homeowners anticipate their tax responsibilities and plan accordingly. Lower property tax rates can make homeownership more affordable, impacting the overall cost of living in Staley.
Average Staley Tax Bill
$973
Average Chatham County Tax Bill
$2,675
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Staley, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27355 | $513 | $683 | $973 | $1,410 | $2,007 |
Source: Ownwell