Casar, North Carolina Property Taxes
The median property tax rate in CASAR, NC is 0.46%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $154,300 in CASAR, the typical annual property tax bill is $643, well below the national median of $2,690. Property taxes in CASAR are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding CASAR'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 CASAR or another part of Rutherford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Casar, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$710
Ownwell’s CASAR Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in CASAR using just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CASAR to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Rutherford County for property tax calculations, accounting for any applicable exemptions.
Property Tax Rates Across Casar, North Carolina
Property taxes in CASAR, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in CASAR is 0.46%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within CASAR set these rates annually, and they can vary significantly across different neighborhoods. Each year, CASAR 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 CASAR's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28020 zip code has the highest median property tax rate of 0.46%, while the 28020 zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with CASAR provides valuable insights into the varying tax landscape across Rutherford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Casar Tax Rate
0.46%
Average Rutherford County Tax Rate
0.45%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Casar, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28020 | 0.21% | 0.39% | 0.46% | 0.57% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Casar, North Carolina
In CASAR, 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 Rutherford 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 CASAR, 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. The median home price in CASAR is $154,300, with tax bills ranging from $349 at the 25th percentile to $858 at the 90th percentile. The highest and lowest median tax bills, both at $643, are found in zip code 28020. Being aware of these valuation processes in CASAR helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Casar Assessed Value
$154,300
Average Rutherford County Assessed Value
$123,100
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Casar, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28020 | $56,860 | $102,100 | $154,300 | $195,000 | $264,160 |
Source: Ownwell
Property Tax Bills Across Casar, North Carolina
In CASAR, located in Rutherford County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in CASAR can expect their tax bills to vary significantly, influenced by the value of their property. For instance, the median home price in CASAR is $154,300. Tax bills in CASAR show a wide range, with the 25th percentile at $349 and the 75th percentile reaching $791. However, the highest median tax bill in the area is $643, both the highest and lowest in the zip code 28020. This variability means that homeowners with higher-valued properties will see higher tax bills, which can impact household budgets. Compared to the national median property tax rate of 0.99%, CASAR's tax rates and bills reflect the local economic conditions and property values, providing a unique landscape for homeowners.
Average Casar Tax Bill
$643
Average Rutherford County Tax Bill
$516
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Casar, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28020 | $299 | $349 | $643 | $791 | $858 |
Source: Ownwell