Stedman, Sampson County, North Carolina Property Taxes
The median property tax rate in Stedman, NC is 0.92%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Stedman at $334,207, the typical annual property tax bill reaches $2,976, surpassing the national median of $2,690. Property taxes in Stedman 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 Stedman'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 Stedman 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
Stedman, Sampson County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.92%
Estimate Property Tax Bill
$3,075
$2,853
Ownwell's Stedman Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and prospective buyers looking to estimate their annual property taxes in Stedman. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Stedman to provide an accurate estimate of your property tax bill. This powerful tool helps you understand potential tax liabilities, enabling better financial planning. For those interested in more granular insights, scroll down for localized trends and neighborhood-specific information. Your property's assessed value, determined by Sampson County, is crucial for these calculations and takes into account any applicable exemptions, ensuring you get the most precise estimate possible.
Property Tax Rates Across Stedman, Sampson County, North Carolina
Property taxes in Stedman, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stedman is 0.92%, slightly below the U.S. national median of 0.99%. Local government entities within Stedman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stedman 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 Stedman's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28391 zip code has the highest median property tax rate of 0.92%, while the same zip code also has the lowest median tax rate of 0.92%. Understanding how these cities compare with Stedman provides valuable insights into the varying tax landscape across Sampson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stedman Tax Rate
0.92%
Average Sampson County Tax Rate
0.92%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stedman, Sampson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28391 | 0.80% | 0.82% | 0.92% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Stedman, Sampson County, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Stedman, North Carolina. 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 Sampson 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 Stedman, 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. For instance, the highest median tax bill in the area is $2,976 in zip code 28391, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Stedman, Sampson County, North Carolina
Source: Ownwell
$57,254
$195,731
$334,207
Average Stedman Assessed Value
$334,207
Average Sampson County Assessed Value
$85,659
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stedman, Sampson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28391 | $274,330 | $294,656 | $334,207 | $364,921 | $421,852 |
Source: Ownwell
Property Tax Bills Across Stedman, Sampson County, North Carolina
In Stedman, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the Sampson County tax assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. Factors such as the home's market value, location, and any applicable exemptions or deductions are considered in this assessment process. Homeowners in Stedman can expect their property tax bills to vary within a certain range. The 25th percentile tax bill is $2,633, while the 75th percentile reaches up to $3,236. For those at the 90th percentile, the tax bill can be as high as $3,496. The median tax bill in Stedman stands at $2,976, which is notably higher than the national median property tax rate of 0.99%. This calculation method ensures that property taxes are proportionate to the value of the property, impacting homeowners by influencing their annual financial obligations and potentially affecting their long-term investment in their homes.
Average Stedman Tax Bill
$2,976
Average Sampson County Tax Bill
$790
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Stedman, Sampson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28391 | $2,467 | $2,633 | $2,976 | $3,236 | $3,496 |
Source: Ownwell