Marshville, North Carolina Property Taxes
The median property tax rate in Marshville, NC is 0.87%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $127,450 in Marshville, the typical annual property tax bill amounts to $1,025, which is below the national median of $2,690. Property taxes in Marshville are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Marshville'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 Marshville or another part of Anson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marshville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$1,109
$1,029
Ownwell’s Marshville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marshville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marshville 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 Marshville, North Carolina
Property taxes in Marshville, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Marshville is 0.87%, which is lower than the U.S. national median of 0.99%. Local government entities within Marshville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marshville 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 Marshville's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28103 has the highest median property tax rate of 0.87%, while the same zip code 28103 also has the lowest median tax rate of 0.87%. Understanding how these areas compare with Marshville provides valuable insights into the varying tax landscape across Anson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marshville Tax Rate
0.87%
Average Anson County Tax Rate
0.87%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marshville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28103 | 0.53% | 0.70% | 0.87% | 0.87% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Marshville, North Carolina
In Marshville, 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 Anson 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 Marshville, 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 Marshville is $127,450, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $583, while the 75th percentile tax bill is $1,504. 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 Marshville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Marshville, North Carolina
Source: Ownwell
$43,100
$85,275
$127,450
Average Marshville Assessed Value
$127,450
Average Anson County Assessed Value
$69,100
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marshville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28103 | $32,500 | $82,725 | $127,450 | $191,875 | $278,740 |
Source: Ownwell
Property Tax Bills Across Marshville, North Carolina
In Marshville, NC, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $127,450, homeowners in Marshville can expect their property tax bill to vary significantly. The tax bill at the 25th percentile is around $583, while at the 75th percentile, it rises to approximately $1504. The highest tax bills, at the 90th percentile, can reach up to $1800. Several factors influence the property tax bill, including the assessed value of the home, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Marshville's property tax bills can be relatively moderate, offering some financial relief to homeowners. Understanding these factors can help homeowners in Marshville better anticipate their annual property tax obligations and budget accordingly.
Average Marshville Tax Bill
$1,025
Average Anson County Tax Bill
$626
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28103 | $290 | $583 | $1,025 | $1,504 | $1,800 |
Source: Ownwell