Stanfield, North Carolina Property Taxes
The median property tax rate in Stanfield, NC is 0.73%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $181,042 in Stanfield, the typical annual property tax bill is $1,317, significantly below the national median of $2,690. Property taxes in Stanfield are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Stanfield'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 Stanfield 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
Stanfield, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$1,322
Ownwell’s Stanfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanfield 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 Stanfield, North Carolina
Property taxes in Stanfield, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanfield is 0.73%, lower than the U.S. national median of 0.99%. Local government entities within Stanfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stanfield 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 Stanfield's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28163 zip code has the highest median property tax rate of 0.73%, while the 28163 zip code also has the lowest median tax rate of 0.73%. Understanding how these cities compare with Stanfield provides valuable insights into the varying tax landscape across Stanly County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanfield Tax Rate
0.73%
Average Stanly County Tax Rate
0.76%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28163 | 0.22% | 0.73% | 0.73% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Stanfield, North Carolina
In Stanfield, 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 Stanly 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 Stanfield, 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. The median home price in Stanfield is $181,042, with property tax bills ranging from $700 at the 25th percentile to $2,967 at the 90th percentile. The zip code with the highest median tax bill is 28163, at $1,317. 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 Stanfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Stanfield, North Carolina
Source: Ownwell
$56,852
$134,651
$212,449
Average Stanfield Assessed Value
$181,042
Average Stanly County Assessed Value
$133,890
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28163 | $70,680 | $113,530 | $181,042 | $270,758 | $359,443 |
Source: Ownwell
Property Tax Bills Across Stanfield, North Carolina
In Stanfield, NC, property tax bills are calculated based on the assessed value of a home, which often differs from its market value. The tax rate, determined by local government authorities, is applied to this assessed value to calculate the annual property tax bill. For instance, with a median home price of $181,042, homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate. Tax bills in Stanfield can range significantly, with the 25th percentile at $700 and the 75th percentile reaching $2,112. The top 10% of tax bills can go as high as $2,967. These figures highlight the variability in property taxes, influenced by factors such as property size, location, and improvements. Homeowners in the highest and lowest median tax bill zip code, 28163, both see a median tax bill of $1,317. Compared to the national median property tax rate of 0.99%, Stanfield's rates impact homeowners differently, underscoring the importance of understanding local tax assessments.
Average Stanfield Tax Bill
$1,317
Average Stanly County Tax Bill
$1,079
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanfield, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28163 | $328 | $700 | $1,317 | $2,112 | $2,967 |
Source: Ownwell