Stoneville, North Carolina Property Taxes
The median property tax rate in Stoneville, NC is 0.80%, slightly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Stoneville at $79,366, the typical annual property tax bill reaches $662, which is significantly below the national median of $2,690. Property taxes in Stoneville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stoneville'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 Stoneville 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
Stoneville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$635
Ownwell’s Stoneville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stoneville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stoneville 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 Rockingham County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Stoneville, North Carolina
Property taxes in Stoneville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stoneville is 0.80%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Stoneville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stoneville 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 Stoneville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27048 zip code has the highest median property tax rate of 0.80%, while the 27048 zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with Stoneville provides valuable insights into the varying tax landscape across Rockingham County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stoneville Tax Rate
0.80%
Average Rockingham County Tax Rate
0.81%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stoneville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27048 | 0.70% | 0.80% | 0.80% | 0.81% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Stoneville, North Carolina
In Stoneville, 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 Rockingham 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 Stoneville, 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 Stoneville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Stoneville is $79,366, with the highest median tax bill being $662.00 in the 27048 zip code.
Property Tax Assessment Values Across Stoneville, North Carolina
Source: Ownwell
$5,631
$70,151
$134,671
Average Stoneville Assessed Value
$79,366
Average Rockingham County Assessed Value
$76,220
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stoneville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27048 | $10,911 | $30,299 | $79,366 | $129,014 | $201,718 |
Source: Ownwell
Property Tax Bills Across Stoneville, North Carolina
Property tax bills in Stoneville, located in Rockingham County, NC, are calculated based on the assessed value of a property and the tax rate set by the local government. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Stoneville can expect their property tax bills to vary significantly, depending on the value of their homes. For instance, the 25th percentile tax bill is around $253, while the 75th percentile tax bill reaches $1,091. At the 90th percentile, homeowners might see tax bills as high as $1,744. Compared to the national median property tax rate of 0.99%, Stoneville's property tax rates can result in varying financial impacts for homeowners. The highest and lowest median tax bills in the area both stand at $662, specifically in the 27048 zip code. This variability in tax bills underscores the importance of understanding how assessed values and tax rates influence the overall property tax burden for homeowners in Stoneville.
Average Stoneville Tax Bill
$662
Average Rockingham County Tax Bill
$704
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Stoneville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27048 | $96 | $253 | $662 | $1,091 | $1,744 |
Source: Ownwell