Badin, North Carolina Property Taxes
The median property tax rate in Badin, NC is 1.14%, 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 Badin at $56,852, the typical annual property tax bill reaches $692, which is significantly lower than the national median of $2,690. Property taxes in Badin 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 Badin'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 Badin 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
Badin, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$648
$601
Ownwell’s Badin Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Badin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Badin to project your property tax bill. This invaluable tool provides clarity on potential tax liabilities, helping you make informed decisions. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is determined by Stanly County for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Badin, North Carolina
Property taxes in Badin, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Badin is 1.14%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Badin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Badin 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 Badin's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28009 has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Badin provides valuable insights into the varying tax landscape across Stanly County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Badin Tax Rate
1.14%
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 Badin, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28009 | 0.77% | 1.14% | 1.14% | 1.14% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Badin, North Carolina
In Badin, 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 Stanly County Assessor 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 in Badin 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 Badin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Badin is $56,852, with median tax bills ranging from $396 at the 25th percentile to $1,742 at the 90th percentile. The zip code 28009 has both the highest and lowest median tax bill of $692.
Average Badin Assessed Value
$56,852
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 Badin, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28009 | $17,772 | $34,856 | $56,852 | $86,276 | $132,444 |
Source: Ownwell
Property Tax Bills Across Badin, North Carolina
In Badin, NC, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the Stanly County tax assessor and reflects the market value of the property. The assessed value is then multiplied by the local property tax rate to calculate the tax bill. For instance, with a median home price of $56,852, homeowners can expect their tax bills to vary. At the 25th percentile, the tax bill is around $396, while at the 75th percentile, it rises to about $1,132. Those in the 90th percentile can see tax bills as high as $1,742. These figures highlight how property taxes can significantly impact homeowners, with the tax burden varying based on home value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Badin's property tax rates may offer some relief, but the actual tax bill still depends on individual property assessments and local rates.
Average Badin Tax Bill
$692
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 Badin, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28009 | $185 | $396 | $692 | $1,132 | $1,742 |
Source: Ownwell