Marston, North Carolina Property Taxes
The median property tax rate in Marston, NC is 1.10%, which is considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $59,522 in Marston, the typical annual property tax bill reaches $679, exceeding the national median of $2,690. Property taxes in Marston are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marston'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 Marston 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
Marston, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$655
Ownwell’s Marston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marston 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 Marston, North Carolina
Property taxes in Marston, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marston is 1.10%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Marston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marston 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 Marston's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28363 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Marston provides valuable insights into the varying tax landscape across Richmond County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marston Tax Rate
1.10%
Average Richmond County Tax Rate
1.05%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28363 | 0.78% | 0.92% | 1.10% | 1.37% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Marston, North Carolina
In Marston, 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 Richmond 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 Marston, 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 Marston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28363 has both the highest and lowest median tax bills at $679.
Average Marston Assessed Value
$59,522
Average Richmond County Assessed Value
$60,261
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28363 | $8,360 | $32,600 | $59,522 | $103,409 | $152,272 |
Source: Ownwell
Property Tax Bills Across Marston, North Carolina
In Marston, located in Richmond County, NC, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and is typically a percentage of the property's market value. Homeowners in Marston face a median property tax rate of 0.99%, aligning with the national median. For instance, with a median home price of $59,522, homeowners can expect a tax bill around $590 annually. Various factors influence the final tax bill, including property size, location, and any applicable exemptions. The tax bill can vary significantly, with the 25th percentile at $430 and the 75th percentile at $1,097. At the higher end, the 90th percentile tax bill reaches $1,516. These taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life in Marston. Homeowners must consider these taxes as part of their overall housing costs, as they can significantly affect affordability.
Average Marston Tax Bill
$679
Average Richmond County Tax Bill
$644
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Marston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28363 | $158 | $430 | $679 | $1,097 | $1,516 |
Source: Ownwell