Stacy, North Carolina Property Taxes
The median property tax rate in Stacy, NC is 0.66%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Stacy, the typical annual property tax bill reaches $724, significantly below the national median of $2,690. Property taxes in Stacy 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 Stacy'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 Stacy 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
Stacy, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$731
$678
Ownwell’s Stacy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stacy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stacy 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 Stacy, North Carolina
Property taxes in Stacy, 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 Stacy is 0.66%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Stacy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stacy 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 Stacy's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28581 zip code has the highest median property tax rate of 0.66%, while the same zip code also has the lowest median tax rate of 0.66%. Understanding how these areas compare with Stacy provides valuable insights into the varying tax landscape across Carteret County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stacy Tax Rate
0.66%
Average Carteret County Tax Rate
0.55%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stacy, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28581 | 0.49% | 0.59% | 0.66% | 0.74% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Stacy, North Carolina
In Stacy, 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 Carteret 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 Stacy, 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 Stacy is $110,769, with tax bills ranging from $481 at the 25th percentile to $1,603 at the 90th percentile. The zip code 28581 has both the highest and lowest median tax bill at $724. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Stacy Assessed Value
$110,769
Average Carteret County Assessed Value
$225,462
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stacy, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28581 | $41,543 | $69,062 | $110,769 | $160,739 | $255,862 |
Source: Ownwell
Property Tax Bills Across Stacy, North Carolina
In Stacy, located in Carteret 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 Stacy can expect property tax bills that vary significantly, ranging from the 25th percentile at $481 to the 75th percentile at $1,030, with the 90th percentile reaching up to $1,603 annually. The median home price in Stacy is $110,769, which serves as a baseline for calculating property taxes. The local tax rate is applied to this assessed value to determine the annual tax bill. Compared to the national median property tax rate of 0.99%, Stacy's property taxes can be seen as relatively moderate, making it an attractive area for homeowners. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Stacy Tax Bill
$724
Average Carteret County Tax Bill
$1,125
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Stacy, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28581 | $363 | $481 | $724 | $1,030 | $1,603 |
Source: Ownwell