Stanley, North Carolina Property Taxes
The median property tax rate in Stanley, North Carolina is 1.24%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Stanley at $127,350, the typical annual property tax bill reaches $1,876, which is below the national median of $2,690. Property taxes in Stanley 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 Stanley'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 Stanley 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
Stanley, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,579
$1,465
Ownwell’s Stanley Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stanley with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Stanley to provide an estimate of 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 Gaston County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Stanley, North Carolina
Property taxes in Stanley, North Carolina, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Stanley is 1.24%, significantly higher than the U.S. national median of 0.99%. Local government entities within Stanley set these rates annually, and they can vary across different neighborhoods. Each year, Stanley 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 Stanley's effective property tax rate to other areas and the national median. For comparison, the zip code 28164 has both the highest and lowest median property tax rate of 1.24%. Understanding how these cities compare with Stanley provides valuable insights into the varying tax landscape across Gaston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanley Tax Rate
1.24%
Average Gaston County Tax Rate
1.65%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanley, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28164 | 0.94% | 1.07% | 1.24% | 1.75% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Stanley, North Carolina
In Stanley, 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 Gaston 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 Stanley, 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 Stanley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 28164 at $1,876, which is also the lowest, providing a consistent benchmark for residents.
Average Stanley Assessed Value
$127,350
Average Gaston County Assessed Value
$132,190
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanley, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28164 | $50,740 | $83,005 | $127,350 | $192,230 | $275,348 |
Source: Ownwell
Property Tax Bills Across Stanley, North Carolina
In Stanley, NC, located in Gaston County, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The property tax rate in Stanley is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the home's size, age, location, and market conditions. Homeowners in Stanley can expect their tax bills to vary significantly. For example, the tax bill at the 25th percentile is $1,128, while at the 75th percentile, it is $2,778. At the 90th percentile, homeowners may pay as much as $3,657 annually. The median home price in Stanley is $127,350, which plays a crucial role in determining the tax bill. Comparatively, the national median property tax rate is 0.99%, making Stanley's property taxes a significant consideration for homeowners. Understanding these factors helps residents anticipate their financial obligations and plan accordingly.
Average Stanley Tax Bill
$1,876
Average Gaston County Tax Bill
$2,130
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanley, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28164 | $687 | $1,128 | $1,876 | $2,778 | $3,657 |
Source: Ownwell