Marston, North Carolina Property Taxes
The median property tax rate in Marston, NC is 1.19%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Marston at $40,350, the typical annual property tax bill reaches $442, which is lower than the national median of $2,690. Property taxes in Marston 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 Marston'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 Marston 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
Marston, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$480
Ownwell’s Marston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marston 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 Marston, North Carolina
Property taxes in Marston, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marston is 1.19%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Marston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marston 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 Marston's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28363 zip code has the highest median property tax rate of 1.19%, while the same zip code has the lowest median tax rate of 1.19%. Understanding how these areas compare with Marston provides valuable insights into the varying tax landscape across Scotland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marston Tax Rate
1.19%
Average Scotland County Tax Rate
1.11%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28363 | 0.91% | 1.06% | 1.19% | 1.49% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Marston, North Carolina
In Marston, 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 Scotland 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. 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. For instance, Marston's median home price is $40,350, with tax bills ranging from $213 at the 25th percentile to $1,137 at the 90th percentile. The zip code 28363 has both the highest and lowest median tax bills, each at $442. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Marston Assessed Value
$40,350
Average Scotland County Assessed Value
$54,325
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28363 | $8,000 | $14,380 | $40,350 | $68,010 | $103,630 |
Source: Ownwell
Property Tax Bills Across Marston, North Carolina
In Marston, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and reflects the market value of the property. Homeowners in Marston, located in Scotland County, face property tax rates that can significantly impact their annual expenses. For example, with a median home price of $40,350, property tax bills can vary widely. At the 25th percentile, homeowners might pay around $213, while those at the 75th percentile could see bills as high as $771. The 90th percentile tax bill reaches approximately $1,137, indicating a substantial range depending on property value and applicable exemptions. The highest and lowest median tax bills in the area are both $442, highlighting some consistency within the zip code 28363. These property tax bills are crucial for funding local services but can be a significant financial consideration for homeowners.
Average Marston Tax Bill
$442
Average Scotland County Tax Bill
$594
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Marston, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28363 | $137 | $213 | $442 | $771 | $1,137 |
Source: Ownwell