Stantonsburg, North Carolina Property Taxes
The median property tax rate in Stantonsburg, NC is 0.98%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $99,350 in Stantonsburg, the typical annual property tax bill is about $856, which is significantly below the national median of $2,690. Property taxes in Stantonsburg are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Familiarizing yourself with Stantonsburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Stantonsburg or another part of Greene County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stantonsburg, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$974
Ownwell’s Stantonsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stantonsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stantonsburg 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 Stantonsburg, North Carolina
Property taxes in Stantonsburg, 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 Stantonsburg is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Stantonsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stantonsburg 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 Stantonsburg's effective property tax rate to other areas within Greene County and the national median. For comparison, the zip code 27883 has both the highest and lowest median property tax rate of 0.98%, highlighting a consistent tax landscape within the region. Understanding how these areas compare with Stantonsburg provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stantonsburg Tax Rate
0.98%
Average Greene County Tax Rate
0.97%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stantonsburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27883 | 0.45% | 0.81% | 0.98% | 1.04% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Stantonsburg, North Carolina
In Stantonsburg, 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 Greene 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 Stantonsburg, 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 Stantonsburg 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 $856 in zip code 27883, while the lowest is also $856 in the same zip code.
Property Tax Assessment Values Across Stantonsburg, North Carolina
Source: Ownwell
$55,950
$81,008
$106,065
Average Stantonsburg Assessed Value
$99,350
Average Greene County Assessed Value
$87,680
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stantonsburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27883 | $41,028 | $64,510 | $99,350 | $156,280 | $294,028 |
Source: Ownwell
Property Tax Bills Across Stantonsburg, North Carolina
In Stantonsburg, Greene County, NC, property tax bills are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For example, the median home price in Stantonsburg is $99,350. Homeowners in the 25th percentile can expect a tax bill around $602, while those in the 75th percentile might see bills closer to $1,279. At the higher end, the 90th percentile tax bill reaches approximately $1,960. Compared to the national median property tax rate of 0.99%, Stantonsburg homeowners face varying tax burdens depending on their property’s assessed value. High property taxes can significantly impact household budgets, making it crucial for homeowners to understand their tax assessments and explore potential exemptions or appeals to manage their financial obligations effectively.
Average Stantonsburg Tax Bill
$856
Average Greene County Tax Bill
$818
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Stantonsburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27883 | $413 | $602 | $856 | $1,279 | $1,960 |
Source: Ownwell