Vass, North Carolina Property Taxes
The median property tax rate in VASS, 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 VASS at $218,485, the typical annual property tax bill reaches $1,046, falling below the national median of $2,690. Property taxes in VASS 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 VASS'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 VASS or another part of Moore County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vass, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$1,005
Ownwell’s VASS Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in VASS. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in VASS to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier to plan your finances. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by Moore County, is used for tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Vass, North Carolina
Property taxes in VASS, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in VASS is 0.46%, which is below the U.S. national median of 0.99%. Local government entities within VASS set these rates annually, and they can vary significantly across different neighborhoods. Each year, VASS 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 VASS's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28394 in VASS has both the highest and lowest median property tax rate of 0.46%. Understanding how these figures compare with VASS 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 Vass 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 Vass, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28394 | 0.45% | 0.45% | 0.46% | 0.46% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Vass, North Carolina
In VASS, 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 VASS, 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 VASS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28394 in Moore County has the highest median tax bill of $1,046, offering a critical insight for homeowners aiming to optimize their property tax strategies.
Average Vass Assessed Value
$218,485
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 Vass, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28394 | $60,704 | $123,472 | $218,485 | $357,148 | $484,658 |
Source: Ownwell
Property Tax Bills Across Vass, North Carolina
In Vass, located in Moore County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $218,485, homeowners can expect their property tax bill to vary. The 25th percentile tax bill is around $573, while the 75th percentile reaches up to $1,796, and the 90th percentile can go as high as $2,885. These figures highlight the range of property tax liabilities in the area, influenced by factors such as property size, location, and improvements. Homeowners in Vass should be aware that these property taxes fund essential local services like schools, public safety, and infrastructure. Comparatively, the property tax rates in Vass can be more favorable than the national median property tax rate of 0.99%, potentially making it an attractive area for homeowners seeking lower tax burdens.
Average Vass Tax Bill
$1,046
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 Vass, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28394 | $271 | $573 | $1,046 | $1,796 | $2,885 |
Source: Ownwell