Mount Pleasant, North Carolina Property Taxes
The median property tax rate in Mount Pleasant, NC is 0.71%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $145,534 in Mount Pleasant, the typical annual property tax bill amounts to $1,049, falling below the national median of $2,690. Property taxes in Mount Pleasant are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mount Pleasant'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 Mount Pleasant 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
Mount Pleasant, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$1,033
$959
Ownwell’s Mount Pleasant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Pleasant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Pleasant 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 Mount Pleasant, North Carolina
Property taxes in Mount Pleasant, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Pleasant is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Mount Pleasant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Pleasant 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 Mount Pleasant's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28124 zip code has both the highest and lowest median property tax rate of 0.71%. Understanding how these rates compare with Mount Pleasant 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 Mount Pleasant Tax Rate
0.71%
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 Mount Pleasant, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28124 | 0.32% | 0.71% | 0.71% | 0.72% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Mount Pleasant, North Carolina
In Mount Pleasant, 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 Mount Pleasant, 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 Mount Pleasant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28124 has the highest median tax bill at $1,049, while the lowest median tax bill is also in the same zip code at $1,049.
Property Tax Assessment Values Across Mount Pleasant, North Carolina
Source: Ownwell
$56,852
$134,651
$212,449
Average Mount Pleasant Assessed Value
$145,534
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 Mount Pleasant, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28124 | $57,039 | $78,090 | $145,534 | $235,916 | $343,036 |
Source: Ownwell
Property Tax Bills Across Mount Pleasant, North Carolina
In Mount Pleasant, NC, located in Stanly County, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $145,534. To determine the tax bill, the county assesses the property's market value and applies the local tax rate. Homeowners in Mount Pleasant can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $542, while at the 75th percentile, it rises to $1,781. At the 90th percentile, homeowners might pay up to $2,550. These variations are influenced by several factors, including the property's location, size, and any applicable exemptions. The highest and lowest median tax bills in the area are both $1,049, corresponding to the ZIP code 28124. Compared to the national median property tax rate of 0.99%, Mount Pleasant's tax rates can have a considerable impact on homeowners, potentially affecting their financial planning and overall cost of living.
Average Mount Pleasant Tax Bill
$1,049
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 Mount Pleasant, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28124 | $341 | $542 | $1,049 | $1,781 | $2,550 |
Source: Ownwell