Southern Pines, North Carolina Property Taxes
The median property tax rate in Southern Pines, NC is 0.66%, which is 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 Southern Pines at $354,230, the typical annual property tax bill comes to $2,123, falling below the national median of $2,690. Property taxes in Southern Pines are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Southern Pines' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Southern Pines or another part of Moore County, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Southern Pines, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$2,338
$2,170
Ownwell’s Southern Pines Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Southern Pines using just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Southern Pines to project your property tax bill. This valuable tool provides a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is the amount determined by Moore County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Southern Pines, North Carolina
Property taxes in Southern Pines, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Southern Pines is 0.66%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Southern Pines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Southern Pines 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 Southern Pines' effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28387 zip code has both the highest and lowest median property tax rate at 0.66%. Understanding how these cities compare with Southern Pines 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 Southern Pines Tax Rate
0.66%
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 Southern Pines, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28387 | 0.45% | 0.60% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Southern Pines, North Carolina
In Southern Pines, 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 Southern Pines, 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 Southern Pines helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,123 in the 28387 zip code.
Property Tax Assessment Values Across Southern Pines, North Carolina
Source: Ownwell
$45,070
$261,150
$477,230
Average Southern Pines Assessed Value
$354,230
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 Southern Pines, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28387 | $112,900 | $237,680 | $354,230 | $484,700 | $609,830 |
Source: Ownwell
Property Tax Bills Across Southern Pines, North Carolina
In Southern Pines, located in Moore County, NC, property tax bills are calculated based on the assessed value of a home. The local government determines this value, considering factors like the property's location, size, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $354,230, homeowners in Southern Pines can expect varying tax bills. At the 25th percentile, the tax bill is around $1,375, while at the 75th percentile, it rises to approximately $3,066. Homeowners at the 90th percentile may pay up to $3,861. These tax bills significantly impact homeowners, influencing their annual budgets and overall financial planning. Compared to the national median property tax rate of 0.99%, the property tax rates in Southern Pines reflect the unique economic and real estate conditions of the area. Understanding these factors helps homeowners better anticipate their financial responsibilities.
Average Southern Pines Tax Bill
$2,123
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 Southern Pines, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28387 | $660 | $1,375 | $2,123 | $3,066 | $3,861 |
Source: Ownwell