Southern Pines, North Carolina Property Taxes
The median property tax rate in Southern Pines, NC is 0.40%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Southern Pines, the typical annual property tax bill reaches $520, well below the national median of $2,690. Property taxes in Southern Pines are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Southern Pines' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Southern Pines 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
Southern Pines, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$520
$483
Ownwell’s Southern Pines Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Southern Pines with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Southern Pines 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 Southern Pines, North Carolina
Property taxes in Southern Pines, 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 Southern Pines is 0.70%, which is higher than the North Carolina state median of 0.70% but lower than the U.S. national median of 0.99%. Local government entities within Southern Pines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Southern Pines 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 Southern Pines' effective property tax rate to other counties in North Carolina and the national median. For comparison, the highest median property tax rate in North Carolina is in Orange County at 1.29%, while the lowest median tax rate is in Avery County at 0.40%. Understanding how these cities compare with Southern Pines provides valuable insights into the varying tax landscape across Moore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Southern Pines Tax Rate
0.40%
Average Avery County Tax Rate
0.40%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Southern Pines, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28387 | 0.40% | 0.40% | 0.40% | 0.41% | 0.42% |
Source: Ownwell
Property Tax Assessment Values Across Southern Pines, North Carolina
In Southern Pines, 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 Avery 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 Southern Pines, 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 Southern Pines helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Southern Pines, North Carolina
Source: Ownwell
$1,500
$3,074,950
$6,148,400
Average Southern Pines Assessed Value
$130,000
Average Avery County Assessed Value
$135,500
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Southern Pines, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28387 | $29,200 | $67,000 | $130,000 | $156,600 | $172,560 |
Source: Ownwell
Property Tax Bills Across Southern Pines, North Carolina
In Southern Pines, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is meant to reflect the market value of the property. Homeowners in Southern Pines, located in Avery County, see a median property tax bill of $520, which is influenced by various factors including property size, location, and market conditions. The tax rate applied to the assessed value determines the final tax bill. For instance, homes in the 25th percentile have tax bills around $268, while those in the 75th percentile can see bills up to $646. Properties in the 90th percentile may have tax bills reaching $722. This variance highlights how different property characteristics and market values affect individual tax obligations. Compared to the national median property tax rate of 0.99%, Southern Pines offers a relatively moderate tax environment, making it an attractive option for homeowners looking for manageable property taxes.
Average Southern Pines Tax Bill
$520
Average Avery County Tax Bill
$540
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Southern Pines, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28387 | $117 | $268 | $520 | $646 | $722 |
Source: Ownwell