Goldston, North Carolina Property Taxes
The median property tax rate in Goldston, NC is 0.46%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $45,070 in Goldston, the typical annual property tax bill is approximately $205, far below the national median of $2,690. Property taxes in Goldston are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Goldston's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Goldston or another part of Moore County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Goldston, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$207
$192
Ownwell’s Goldston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goldston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Goldston 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 Goldston, North Carolina
Property taxes in Goldston, North Carolina, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Goldston is 0.46%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Goldston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Goldston 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 Goldston's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27252 zip code has the highest median property tax rate of 0.46%, while the same zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with Goldston provides valuable insights into the varying tax landscape across Moore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Goldston Tax Rate
0.46%
Average Moore County Tax Rate
0.60%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goldston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27252 | 0.46% | 0.46% | 0.46% | 0.46% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Goldston, North Carolina
In Goldston, 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 Moore County Tax Office 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 Goldston, 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 Goldston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $205, found in the 27252 zip code.
Property Tax Assessment Values Across Goldston, North Carolina
Source: Ownwell
$45,070
$261,150
$477,230
Average Goldston Assessed Value
$45,070
Average Moore County Assessed Value
$305,820
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goldston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27252 | $45,070 | $45,070 | $45,070 | $45,070 | $45,070 |
Source: Ownwell
Property Tax Bills Across Goldston, North Carolina
In Goldston, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the Moore County tax assessor's office and reflects the market value of the property. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. For example, with a median home price of $45,070 in Goldston, homeowners can expect tax bills around $205, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. This uniformity indicates a stable tax environment for residents. Compared to the national median property tax rate of 0.99%, Goldston's effective tax rate is relatively low, which can be a significant financial relief for homeowners. Lower property taxes can make homeownership more affordable and potentially increase the attractiveness of the area for new residents. This stability and affordability in property taxes play a crucial role in maintaining the economic well-being of Goldston's homeowners.
Average Goldston Tax Bill
$205
Average Moore County Tax Bill
$1,694
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Goldston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27252 | $205 | $205 | $205 | $205 | $205 |
Source: Ownwell