Staley, North Carolina Property Taxes
The median property tax rate in Staley, NC is 0.60%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Staley, the typical annual property tax bill reaches $984, well below the national median of $2,690. Property taxes in Staley are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the 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 Randolph County, 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
0.6%
Estimate Property Tax Bill
$989
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 crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Staley is 0.60%, 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 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. Though tax rates and budgets are influenced by laws and voter input, this calculation forms the foundation for setting property tax rates. The data below compares Staley's effective property tax rate to other areas within Randolph County and the national median. For comparison, the zip code 27355 has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these figures compare with Staley provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Staley Tax Rate
0.60%
Average Randolph County Tax Rate
0.68%
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 | 0.48% | 0.60% | 0.60% | 0.63% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Staley, North Carolina
In Staley, 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 Randolph 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 the market and assessed values, along with an estimate of the annual property tax bill. For instance, in Staley, the median home price is $164,820, with tax bills ranging from $647 at the 25th percentile to $2,012 at the 90th percentile. The zip code with the highest and lowest median tax bill is 27355, both at $984. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Staley Assessed Value
$164,820
Average Randolph County Assessed Value
$167,245
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 | $69,544 | $112,910 | $164,820 | $240,440 | $376,466 |
Source: Ownwell
Property Tax Bills Across Staley, North Carolina
In Staley, Randolph County, NC, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in this area is $164,820. Homeowners in Staley typically see tax bills ranging from $647 at the 25th percentile to $1,426 at the 75th percentile, with the 90th percentile reaching up to $2,012. This is compared to the national median property tax rate of 0.99%. The tax bill is determined by multiplying the assessed value of the property by the local tax rate, which can vary depending on municipal needs and budgets. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the overall tax bill. For homeowners, this means that any changes in property value or local tax rates can significantly impact their annual tax obligations. Understanding these factors is crucial for effective financial planning and ensuring that homeowners are prepared for their property tax responsibilities.
Average Staley Tax Bill
$984
Average Randolph County Tax Bill
$1,305
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 | $366 | $647 | $984 | $1,426 | $2,012 |
Source: Ownwell