Stanley, North Carolina Property Taxes
The median property tax rate in Stanley, NC is 0.63%, 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 Stanley, the typical annual property tax bill reaches $2,862, surpassing 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
0.63%
Estimate Property Tax Bill
$2,818
$2,615
Ownwell’s Stanley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stanley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stanley 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 Stanley, North Carolina
Property taxes in Stanley, 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 Stanley is 0.63%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Stanley set these rates annually, and they can vary significantly 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 counties in North Carolina and the national median. For comparison, the 28164 zip code has the highest median property tax rate of 0.63%, while the same zip code also has the lowest median tax rate of 0.63%. Understanding how these cities compare with Stanley provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stanley Tax Rate
0.63%
Average Lincoln County Tax Rate
0.64%
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 | 0.61% | 0.62% | 0.63% | 0.64% | 0.66% |
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 Lincoln 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. For instance, the median home price in Stanley is $447,357, with annual property tax bills ranging from $2,071 at the 25th percentile to $4,737 at the 90th percentile. The zip code 28164 has both the highest and lowest median tax bill, which is $2,862. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Stanley, North Carolina
Source: Ownwell
$189,260
$444,186
$699,111
Average Stanley Assessed Value
$447,357
Average Lincoln County Assessed Value
$293,422
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 | $69,894 | $305,501 | $447,357 | $580,121 | $767,258 |
Source: Ownwell
Property Tax Bills Across Stanley, North Carolina
Property tax bills in Stanley, Lincoln County, NC, are calculated based on the assessed value of a property, which is determined by the county's tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. The median home price in Stanley is $447,357, and the property tax rate in Lincoln County is relatively moderate compared to the national median property tax rate of 0.99%. For homeowners, the tax bill can vary significantly. For instance, the 25th percentile tax bill in Stanley is $2,071, while the 75th percentile reaches $3,651, and the 90th percentile can go up to $4,737. The highest and lowest median tax bills in the area both stand at $2,862, reflecting a consistent tax rate across different properties. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Stanley Tax Bill
$2,862
Average Lincoln County Tax Bill
$2,128
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 | $1,081 | $2,071 | $2,862 | $3,651 | $4,737 |
Source: Ownwell