Jackson Springs, North Carolina Property Taxes
The median property tax rate in Jackson Springs, NC is 0.37%, 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 Jackson Springs, the typical annual property tax bill reaches $1,111, significantly below the national median of $2,690. Property taxes in Jackson Springs 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 Jackson Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Jackson Springs 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
Jackson Springs, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.37%
Estimate Property Tax Bill
$1,108
$1,028
Ownwell’s Jackson Springs Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Jackson Springs using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jackson Springs to provide an estimate of your property tax bill. This valuable tool offers insight into potential tax liabilities. For those interested in observing trends at a neighborhood level, more localized information is available below. Your property’s assessed value, determined by Moore County, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Jackson Springs, North Carolina
Property taxes in Jackson Springs, North Carolina, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Jackson Springs is 0.37%, which is significantly lower than both the North Carolina state median of 0.84% and the U.S. national median of 0.99%. Local government entities within Jackson Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jackson Springs 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. Comparing Jackson Springs' effective property tax rate to other counties in North Carolina and the national median offers 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 Jackson Springs Tax Rate
0.37%
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 Jackson Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27281 | 0.37% | 0.37% | 0.37% | 0.45% | 0.46% |
Source: Ownwell
Property Tax Assessment Values Across Jackson Springs, North Carolina
In Jackson Springs, 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 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 Jackson Springs, 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 Jackson Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1111 in zip code 27281, which also has the lowest median tax bill, reflecting a consistent tax environment.
Property Tax Assessment Values Across Jackson Springs, North Carolina
Source: Ownwell
$45,070
$261,150
$477,230
Average Jackson Springs Assessed Value
$299,510
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 Jackson Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27281 | $99,112 | $160,400 | $299,510 | $389,810 | $523,174 |
Source: Ownwell
Property Tax Bills Across Jackson Springs, North Carolina
In Jackson Springs, located in Moore County, NC, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. Homeowners in Jackson Springs experience property tax bills that vary significantly, with the 25th percentile at $620 and the 75th percentile at $1,445. The 90th percentile sees tax bills reaching up to $2,169. These tax bills are influenced by several factors, including property size, location, and any improvements made to the home. Compared to the national median property tax rate of 0.99%, the tax rates in Jackson Springs can impact homeowners differently depending on their property’s assessed value. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly. The highest and lowest median tax bills in the area both stand at $1,111, indicating a relatively consistent tax environment within the specific zip code 27281.
Average Jackson Springs Tax Bill
$1,111
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 Jackson Springs, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27281 | $406 | $620 | $1,111 | $1,445 | $2,169 |
Source: Ownwell