Stanly County, North Carolina Property Taxes
The median property tax rate in Stanly County is 0.76%, which is lower than both the national median of 0.99% and North Carolina's state median of 0.82%. With a median home value of $133,890 in Stanly County, the typical annual property tax bill amounts to $1,079, considerably below the national median of $2,690. Property taxes in Stanly County are calculated based on the assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural land. Understanding Stanly County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Albemarle or another part of Stanly County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stanly County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,018
$944
Ownwell’s Stanly County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Stanly County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Stanly County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Stanly County, North Carolina
Property taxes in Stanly County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Stanly County is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Stanly County set these rates annually, and they can vary significantly between different areas within the county. Each year, Stanly County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Stanly County's effective property tax rate with other regions in North Carolina. For comparison, the city of Albemarle has one of the higher property tax rates in North Carolina at 1.22%, while the city of Gold Hill boasts one of the lowest at 0.68%. Analyzing how Stanly County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Stanly County Tax Rate
0.76%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stanly County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albemarle | 0.38% | 0.71% | 1.22% | 1.22% | 1.22% |
| Badin | 0.77% | 1.14% | 1.14% | 1.14% | 2.83% |
| Gold Hill | 0.40% | 0.68% | 0.68% | 0.68% | 1.32% |
| Locust | 0.30% | 0.72% | 1.09% | 1.09% | 1.09% |
| Midland | 0.39% | 0.73% | 0.73% | 0.73% | 0.95% |
| Misenheimer | 0.42% | 0.83% | 0.83% | 0.83% | 0.97% |
| Mount Pleasant | 0.32% | 0.71% | 0.71% | 0.72% | 1.26% |
| New London | 0.28% | 0.68% | 0.69% | 0.71% | 1.14% |
| Norwood | 0.31% | 0.71% | 0.71% | 1.02% | 1.02% |
| Oakboro | 0.24% | 0.69% | 0.72% | 1.02% | 1.02% |
| Richfield | 0.31% | 0.68% | 0.68% | 0.90% | 0.97% |
| Stanfield | 0.22% | 0.73% | 0.73% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Stanly County, North Carolina
In Stanly County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Stanly County Appraisal District. The assessed value, however, 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 in Stanly County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, homeowners in Locust face the highest median tax bill at $1,845, while those in Badin enjoy the lowest at $692. Being aware of these valuation processes in Stanly County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Stanly County, North Carolina
Source: Ownwell
$56,852
$134,651
$212,449
Average Stanly County Assessed Value
$133,890
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stanly County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albemarle | $43,379 | $70,624 | $116,708 | $178,716 | $261,823 |
| Badin | $17,772 | $34,856 | $56,852 | $86,276 | $132,444 |
| Gold Hill | $54,601 | $81,056 | $144,734 | $227,697 | $276,516 |
| Locust | $93,826 | $138,721 | $212,449 | $262,432 | $317,603 |
| Midland | $42,103 | $57,983 | $157,538 | $253,936 | $336,926 |
| Misenheimer | $26,389 | $56,119 | $97,660 | $126,514 | $280,904 |
| Mount Pleasant | $57,039 | $78,090 | $145,534 | $235,916 | $343,036 |
| New London | $45,208 | $73,801 | $117,334 | $176,956 | $274,908 |
| Norwood | $41,657 | $72,627 | $131,764 | $258,053 | $400,636 |
| Oakboro | $66,822 | $101,885 | $154,270 | $220,524 | $309,798 |
| Richfield | $52,948 | $83,612 | $131,770 | $195,963 | $283,310 |
| Stanfield | $70,680 | $113,530 | $181,042 | $270,758 | $359,443 |
Source: Ownwell
Property Tax Bills Across Stanly County, North Carolina
In Stanly County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Stanly County is $133,890. Property tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and any applicable exemptions or deductions also influence the final amount. The tax bill can vary significantly among homeowners. For instance, the 25th percentile tax bill in Stanly County is $593, while the 75th percentile tax bill reaches $1,837. At the 90th percentile, homeowners can expect to pay around $2,741. Comparatively, the highest median tax bill in the nearby city of Locust is $1,845, while the lowest median tax bill in Badin is $692. Understanding these variations helps homeowners anticipate their annual property tax obligations and plan their finances accordingly. The property tax rate in Stanly County is crucial for funding local services and infrastructure, impacting the overall quality of life in the community.
Average Stanly County Tax Bill
$1,079
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Stanly County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albemarle | $296 | $588 | $1,045 | $1,702 | $2,568 |
| Badin | $185 | $396 | $692 | $1,132 | $1,742 |
| Gold Hill | $266 | $479 | $1,040 | $1,513 | $2,452 |
| Locust | $459 | $976 | $1,845 | $2,664 | $3,270 |
| Midland | $214 | $386 | $1,150 | $1,825 | $2,460 |
| Misenheimer | $167 | $377 | $780 | $1,050 | $1,601 |
| Mount Pleasant | $341 | $542 | $1,049 | $1,781 | $2,550 |
| New London | $233 | $476 | $808 | $1,296 | $1,951 |
| Norwood | $246 | $525 | $990 | $1,937 | $3,354 |
| Oakboro | $297 | $649 | $1,123 | $1,749 | $2,491 |
| Richfield | $255 | $530 | $944 | $1,499 | $2,184 |
| Stanfield | $328 | $700 | $1,317 | $2,112 | $2,967 |
Source: Ownwell