Eagle Springs, North Carolina Property Taxes
The median property tax rate in Eagle Springs, NC is 0.46%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $94,110 in Eagle Springs, the typical annual property tax bill is $420, well below the national median of $2,690. Property taxes in Eagle Springs are calculated based on the assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Eagle Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Eagle Springs or another part of Moore County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eagle Springs, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$433
Ownwell’s Eagle Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eagle Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eagle Springs 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 Eagle Springs, North Carolina
Property taxes in Eagle Springs, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagle Springs is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within Eagle Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagle Springs 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 Eagle Springs' effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27242 has the highest median property tax rate of 0.46%, while the same zip code also has the lowest median tax rate of 0.46%. Understanding how these areas compare with Eagle Springs provides valuable insights into the varying tax landscape across Moore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eagle Springs Tax Rate
0.46%
Average Moore County Tax Rate
0.60%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagle Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27242 | 0.45% | 0.45% | 0.46% | 0.46% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Eagle Springs, North Carolina
In Eagle Springs, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is 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 Moore 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. Assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Eagle Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $420.00, found in the 27242 zip code, while the lowest median tax bill is also $420.00 in the same zip code.
Property Tax Assessment Values Across Eagle Springs, North Carolina
Source: Ownwell
$45,070
$261,150
$477,230
Average Eagle Springs Assessed Value
$94,110
Average Moore County Assessed Value
$305,820
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eagle Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27242 | $27,520 | $57,380 | $94,110 | $153,880 | $260,970 |
Source: Ownwell
Property Tax Bills Across Eagle Springs, North Carolina
Property tax bills in Eagle Springs, Moore County, NC, are calculated based on the assessed value of the property and the local tax rate. The median home price in Eagle Springs is $94,110, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and market conditions influence the assessed value, which can fluctuate annually. Homeowners in Eagle Springs experience a range of property tax bills. For instance, the 25th percentile tax bill is $246, while the 75th percentile tax bill is $698. The 90th percentile tax bill can reach up to $1,141, indicating that higher-valued properties incur significantly higher taxes. Compared to the national median property tax rate of 0.99%, Eagle Springs offers a relatively moderate tax environment. However, the financial impact on homeowners varies significantly depending on their property's assessed value. Understanding these nuances helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Eagle Springs Tax Bill
$420
Average Moore County Tax Bill
$1,694
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagle Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27242 | $119 | $246 | $420 | $698 | $1,141 |
Source: Ownwell