Misenheimer, North Carolina Property Taxes
The median property tax rate in Misenheimer, NC is 0.83%, slightly higher than the state median of 0.82% but lower than the national median of 0.99%. With a median home value of $97,660, the typical annual property tax bill in Misenheimer is $780, well below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Misenheimer'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 Misenheimer or another part of Stanly County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Misenheimer, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$811
Ownwell’s MISENHEIMER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MISENHEIMER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MISENHEIMER 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 Misenheimer, North Carolina
Property taxes in Misenheimer, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Misenheimer is 0.83%, lower than the U.S. national median of 0.99%. Local government entities within Misenheimer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Misenheimer 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 Misenheimer's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28109 zip code has both the highest and lowest median property tax rate of 0.83%. Understanding how these cities compare with Misenheimer 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 Misenheimer Tax Rate
0.83%
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 Misenheimer, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28109 | 0.42% | 0.83% | 0.83% | 0.83% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Misenheimer, North Carolina
In Misenheimer, 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 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 Misenheimer, 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 Misenheimer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28109 has both the highest and lowest median tax bill, which stands at $780.
Property Tax Assessment Values Across Misenheimer, North Carolina
Source: Ownwell
$56,852
$134,651
$212,449
Average Misenheimer Assessed Value
$97,660
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 Misenheimer, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28109 | $26,389 | $56,119 | $97,660 | $126,514 | $280,904 |
Source: Ownwell
Property Tax Bills Across Misenheimer, North Carolina
In Misenheimer, 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 Misenheimer is $97,660. Property taxes in this area are influenced by various factors including the home's assessed value, the tax rate set by the local government, and any applicable exemptions or deductions. For homeowners, the tax bill can vary significantly. At the 25th percentile, the tax bill is approximately $377, while at the 75th percentile, it reaches around $1050. Those at the 90th percentile may see bills as high as $1601. The median tax bill in the zip code 28109 is $780, which is lower than the national median property tax rate of 0.99%. These taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Misenheimer Tax Bill
$780
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 Misenheimer, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28109 | $167 | $377 | $780 | $1,050 | $1,601 |
Source: Ownwell