Star, North Carolina Property Taxes
The median property tax rate in STAR, NC is 0.62%, 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 STAR, the typical annual property tax bill is $524, which is far below the national median of $2,690. Property taxes in STAR 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 STAR'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 STAR 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
Star, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$443
$411
Ownwell’s STAR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STAR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STAR 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 Star, North Carolina
Property taxes in STAR, North Carolina, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in STAR is 0.62%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within STAR set these rates annually, and they can vary significantly across different neighborhoods. Each year, STAR 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 STAR's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27356 has both the highest and lowest median property tax rate of 0.62%. Understanding how these cities compare with STAR provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Star Tax Rate
0.62%
Average Montgomery County Tax Rate
0.64%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Star, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27356 | 0.61% | 0.61% | 0.62% | 0.86% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Star, North Carolina
In STAR, 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 Montgomery 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 STAR, 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 STAR helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 27356 has a median tax bill of $524, which is both the highest and lowest in the area.
Average Star Assessed Value
$71,440
Average Montgomery County Assessed Value
$75,538
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Star, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27356 | $11,208 | $32,408 | $71,440 | $119,485 | $190,489 |
Source: Ownwell
Property Tax Bills Across Star, North Carolina
In STAR, property tax bills are calculated based on the assessed value of a home, which is determined by the Montgomery County tax assessor. The median home price in STAR is $71,440, and the tax rate is applied to this value to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in STAR experience a range of tax bills, with the 25th percentile paying approximately $230 annually, while those in the 75th percentile pay around $947. The top 10% of homeowners face tax bills as high as $1,386. The highest median tax bill in the area is $524, which also represents the lowest median tax bill, indicating consistency within the 27356 zip code. Compared to the national median property tax rate of 0.99%, STAR's rates suggest a relatively moderate tax burden, impacting homeowners' annual expenses and influencing decisions related to property investments and affordability.
Average Star Tax Bill
$524
Average Montgomery County Tax Bill
$505
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Star, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27356 | $86 | $230 | $524 | $947 | $1,386 |
Source: Ownwell