Statesville, North Carolina Property Taxes
The median property tax rate in Statesville, NC is 0.84%, slightly higher than the North Carolina state median of 0.82% but below the national median of 0.99%. With the median home value in Statesville, the typical annual property tax bill reaches $1,144, which is lower than the national median of $2,690. Property taxes in Statesville are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Statesville'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 Statesville 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
Statesville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$1,306
Ownwell’s STATESVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STATESVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STATESVILLE 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 Statesville, North Carolina
Property taxes in Statesville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Statesville is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Statesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Statesville 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 Statesville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28625 has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Statesville provides valuable insights into the varying tax landscape across Alexander County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Statesville Tax Rate
0.84%
Average Alexander County Tax Rate
0.84%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Statesville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28625 | 0.71% | 0.84% | 0.84% | 0.84% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Statesville, North Carolina
In Statesville, 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 Alexander 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 Statesville, 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 Statesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Statesville is $1144 in the 28625 zip code, while the lowest median tax bill is also $1144 in the same zip code.
Property Tax Assessment Values Across Statesville, North Carolina
Source: Ownwell
$155,479
$194,313
$233,146
Average Statesville Assessed Value
$155,479
Average Alexander County Assessed Value
$195,568
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Statesville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28625 | $18,018 | $42,596 | $155,479 | $230,989 | $250,518 |
Source: Ownwell
Property Tax Bills Across Statesville, North Carolina
In Statesville, property tax bills are determined based on the assessed value of a home, which is then multiplied by the local property tax rate. For homeowners in Alexander County, the assessed value is a percentage of the market value of the property. Factors such as property size, location, and improvements can influence this assessed value. The median home price in Statesville is $155,479, and homeowners can expect varying tax bills depending on their property’s specifics. For instance, the 25th percentile tax bill is around $360, while the 75th percentile tax bill reaches approximately $1,744. At the 90th percentile, tax bills can go up to $2,114. The highest median tax bill in the area is $1,144, which is consistent across zip code 28625. Compared to the national median property tax rate of 0.99%, Statesville's tax bills offer a range that reflects the diverse property values and assessments within the region, impacting homeowners differently based on their individual property characteristics.
Average Statesville Tax Bill
$1,144
Average Alexander County Tax Bill
$1,652
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Statesville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28625 | $152 | $360 | $1,144 | $1,744 | $2,114 |
Source: Ownwell