Casar, North Carolina Property Taxes
The median property tax rate in CASAR, NC is 0.86%, slightly higher than the state median of 0.82% but below the national median of 0.99%. With a median home value of $76,531, the typical annual property tax bill in CASAR is $648, significantly lower than the national median of $2,690. Property taxes in CASAR are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding CASAR'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 CASAR or another part of Cleveland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Casar, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$658
Ownwell’s CASAR Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in CASAR with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in CASAR to provide an accurate estimate of your property tax bill. This valuable tool offers clarity on potential tax liabilities, making financial planning more straightforward. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Cleveland County, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Casar, North Carolina
Property taxes in CASAR, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in CASAR is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within CASAR set these rates annually, and they can vary significantly across different neighborhoods. Each year, CASAR 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 CASAR's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28020 zip code has the highest median property tax rate of 0.86%, while the lowest median tax rate is also 0.86%. Understanding how these cities compare with CASAR provides valuable insights into the varying tax landscape across Cleveland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Casar Tax Rate
0.86%
Average Cleveland County Tax Rate
0.90%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Casar, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28020 | 0.52% | 0.80% | 0.86% | 0.93% | 1.01% |
Source: Ownwell
Property Tax Assessment Values Across Casar, North Carolina
In CASAR, 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 Cleveland 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 CASAR, 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 CASAR helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in CASAR are both $648, found in the zip code 28020.
Average Casar Assessed Value
$76,531
Average Cleveland County Assessed Value
$100,046
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Casar, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28020 | $22,538 | $45,740 | $76,531 | $136,896 | $237,415 |
Source: Ownwell
Property Tax Bills Across Casar, North Carolina
Property tax bills in CASAR, located in Cleveland County, NC, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by periodic assessments conducted by local authorities. Homeowners in CASAR can expect their property tax bills to vary significantly based on their property's assessed value. For instance, the median home price in the area is $76,531, leading to tax bills that range from $403 at the 25th percentile to $1,720 at the 90th percentile. The local tax rate in Cleveland County plays a crucial role in calculating these bills. With the national median property tax rate at 0.99%, homeowners in CASAR might find their tax rates either higher or lower depending on local policies. This variability can significantly impact household budgets, making it essential for homeowners to stay informed about their property's assessed value and the corresponding tax implications.
Average Casar Tax Bill
$648
Average Cleveland County Tax Bill
$887
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Casar, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28020 | $199 | $403 | $648 | $1,060 | $1,720 |
Source: Ownwell