Star, North Carolina Property Taxes
The median property tax rate in STAR, NC is 0.46%, 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 STAR at $105,890, the typical annual property tax bill reaches $434, significantly below the national median of $2,690. Property taxes in STAR 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 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
0.46%
Estimate Property Tax Bill
$487
$452
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 crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in STAR 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 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 27356 zip code has both the highest and lowest median property tax rate of 0.46%. Understanding how these cities compare with STAR 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 Star 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 Star, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27356 | 0.45% | 0.45% | 0.46% | 0.46% | 0.46% |
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 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 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. The highest median tax bill in STAR is $434.00 in zip code 27356, while the lowest median tax bill is also $434.00 in the same zip code. 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.
Average Star Assessed Value
$105,890
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 Star, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27356 | $31,172 | $56,130 | $105,890 | $164,885 | $255,740 |
Source: Ownwell
Property Tax Bills Across Star, North Carolina
In STAR, located in Moore County, NC, property tax bills are determined by assessing the market value of homes and applying the local tax rate. The median home price in STAR is $105,890. Homeowners can expect property tax bills to vary significantly based on the assessed value of their property. For example, at the 25th percentile, the tax bill is around $251, while at the 75th percentile, it rises to approximately $733. For those at the 90th percentile, it can reach up to $1,164. These figures illustrate how property taxes can impact homeowners differently, depending on the value of their property. Compared to the national median property tax rate of 0.99%, STAR's property tax bills are relatively modest. Homeowners in STAR's 27356 zip code experience a median tax bill of $434. Understanding these factors can help homeowners in STAR better anticipate their annual property tax obligations and plan their finances accordingly.
Average Star Tax Bill
$434
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 Star, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27356 | $134 | $251 | $434 | $733 | $1,164 |
Source: Ownwell