Castalia, North Carolina Property Taxes
The median property tax rate in Castalia, NC is 0.98%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Castalia at $69,540, the typical annual property tax bill is approximately $646, which is significantly lower than the national median of $2,690. Property taxes in Castalia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Castalia'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 Castalia or another part of Nash County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Castalia, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$681
Ownwell’s Castalia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Castalia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Castalia 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 Castalia, North Carolina
Property taxes in Castalia, 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 Castalia is 0.98%, slightly lower than the U.S. national median of 0.99%. Local government entities within Castalia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Castalia 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 Castalia's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27816 has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Castalia provides valuable insights into the varying tax landscape across Nash County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Castalia Tax Rate
0.98%
Average Nash County Tax Rate
0.72%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Castalia, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27816 | 0.55% | 0.89% | 0.98% | 1.11% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Castalia, North Carolina
In Castalia, 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 Nash 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 Castalia, 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 Castalia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Castalia are both $646, found in zip code 27816.
Property Tax Assessment Values Across Castalia, North Carolina
Source: Ownwell
$29,310
$100,405
$171,500
Average Castalia Assessed Value
$69,540
Average Nash County Assessed Value
$102,010
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Castalia, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27816 | $34,866 | $47,970 | $69,540 | $109,010 | $165,442 |
Source: Ownwell
Property Tax Bills Across Castalia, North Carolina
In Castalia, property tax bills are calculated based on the assessed value of a home, which is determined by the Nash County tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Castalia is $69,540, and the property tax rate in this region results in a median tax bill of $646.00. Factors that influence the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, homes in the 25th percentile have tax bills around $482, while those in the 75th percentile see bills closer to $980. At the higher end, the 90th percentile tax bill can reach up to $1,300. These property taxes significantly impact homeowners, contributing to the overall cost of homeownership. While the median tax bill in Castalia is relatively modest compared to the national median property tax rate of 0.99%, it remains a crucial expense for local homeowners.
Average Castalia Tax Bill
$646
Average Nash County Tax Bill
$784
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Castalia, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27816 | $324 | $482 | $646 | $980 | $1,300 |
Source: Ownwell