Stallings, North Carolina Property Taxes
The median property tax rate in Stallings, NC is 0.49%, 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 Stallings at $260,200, the typical annual property tax bill is approximately $1,265, well below the national median of $2,690. Property taxes in Stallings are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stallings' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Stallings 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
Stallings, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$1,275
$1,183
Ownwell’s Stallings Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Stallings with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stallings to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more localized trends, additional neighborhood-level information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Stallings, North Carolina
Property taxes in Stallings, 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 Stallings is 0.49%, which is significantly lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Stallings set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stallings 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 Stallings' effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28105 zip code has the highest median property tax rate of 0.49%, while the 28105 zip code also has the lowest median tax rate of 0.49%. Understanding how these cities compare with Stallings provides valuable insights into the varying tax landscape across Mecklenburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stallings Tax Rate
0.49%
Average Mecklenburg County Tax Rate
0.61%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stallings, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28105 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across Stallings, North Carolina
In Stallings, 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 Mecklenburg 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 Stallings, 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 Stallings helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Stallings is $260,200. The zip code with the highest median tax bill is 28105 at $1,265, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Stallings, North Carolina
Source: Ownwell
$18,200
$650,975
$1,283,750
Average Stallings Assessed Value
$260,200
Average Mecklenburg County Assessed Value
$364,800
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stallings, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28105 | $260,200 | $260,200 | $260,200 | $260,200 | $260,200 |
Source: Ownwell
Property Tax Bills Across Stallings, North Carolina
In Stallings, located in Mecklenburg County, NC, property tax bills are calculated based on the assessed value of the property. The local tax assessor evaluates the market value of each home and then applies the county's tax rate to determine the annual tax bill. For instance, with a median home price of $260,200, homeowners can expect a median property tax bill around $1,265. This amount falls significantly below the national median property tax rate of 0.99%, making it relatively affordable for residents. Several factors influence the assessed value, including the property's location, size, and condition. These assessments are crucial as they directly impact the tax bill. Homeowners should be aware that any improvements or changes to their property can lead to a reassessment, potentially increasing their tax obligations. Understanding these factors helps homeowners in Stallings better anticipate and manage their property tax expenses, ensuring they are prepared for any fluctuations in their annual tax bills.
Average Stallings Tax Bill
$1,265
Average Mecklenburg County Tax Bill
$2,199
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Stallings, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28105 | $1,265 | $1,265 | $1,265 | $1,265 | $1,265 |
Source: Ownwell