Stantonsburg, North Carolina Property Taxes
The median property tax rate in Stantonsburg, NC is 0.82%, aligning with the North Carolina state median but lower than the national median of 0.99%. With the median home value in Stantonsburg at $62,850, the typical annual property tax bill is $559, significantly less than the national median of $2,690. Property taxes in Stantonsburg 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 Stantonsburg'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 Stantonsburg 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
Stantonsburg, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$515
Ownwell’s Stantonsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stantonsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stantonsburg 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 Stantonsburg, North Carolina
Property taxes in Stantonsburg, 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 Stantonsburg is 0.82%, lower than the U.S. national median of 0.99%. Local government entities within Stantonsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stantonsburg 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 Stantonsburg's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27883 has the highest median property tax rate of 0.82%, while the same zip code also has the lowest median tax rate of 0.82%. Understanding how these areas compare with Stantonsburg provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stantonsburg Tax Rate
0.82%
Average Wayne County Tax Rate
0.85%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stantonsburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27883 | 0.82% | 0.82% | 0.82% | 0.88% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Stantonsburg, North Carolina
In Stantonsburg, 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 Wayne 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 Stantonsburg, 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 Stantonsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 27883 has the same highest and lowest median tax bill of $559.
Property Tax Assessment Values Across Stantonsburg, North Carolina
Source: Ownwell
$21,315
$69,448
$117,580
Average Stantonsburg Assessed Value
$62,850
Average Wayne County Assessed Value
$66,340
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stantonsburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27883 | $9,585 | $20,790 | $62,850 | $121,798 | $225,535 |
Source: Ownwell
Property Tax Bills Across Stantonsburg, North Carolina
In Stantonsburg, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $62,850 in Stantonsburg, homeowners can expect a tax bill that varies significantly. The 25th percentile tax bill is around $213, while those in the 75th percentile might pay approximately $1,084. For higher-end properties, the 90th percentile tax bill can reach up to $1,952. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Stantonsburg offers a range of tax bills that can be more affordable for many homeowners. This variability in tax bills underscores the importance of understanding how local assessments and rates impact overall property tax obligations.
Average Stantonsburg Tax Bill
$559
Average Wayne County Tax Bill
$703
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Stantonsburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27883 | $125 | $213 | $559 | $1,084 | $1,952 |
Source: Ownwell