Richfield, Stanly County, North Carolina Property Taxes
Median Richfield, NC effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Richfield, NC home value: $131,770
Median annual Richfield, NC tax bill: $944, $1,456 lower than the national median property tax bill of $2,400.
How are property taxes in Stanly County calculated?
Property taxes in Richfield, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Richfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Richfield, Stanly County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.71%
Estimate Property Tax Bill
$941
$874
Property Tax Rates Across Richfield, Stanly County, North Carolina
Local government entities determine tax rates, which can differ significantly within a state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
In Richfield, located in Stanly County, the effective property tax rate is 0.68%, which aligns with both the highest and lowest rates in the county. This consistency indicates a stable tax environment compared to other regions. When you compare this to North Carolina's median property tax rate of 0.68%, Richfield's rate is right on par. However, this rate is notably lower than the national median property tax rate of 1.02%. Residents in Richfield benefit from this lower rate, as it translates to a more affordable property tax bill compared to the national median of $2,400. This financial advantage can be appealing to homeowners and potential buyers, making Richfield an attractive option for those looking to save on property taxes.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Richfield Tax Rate
0.71%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Stanly County Tax Rate
0.76%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Richfield, Stanly County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28137 | 0.34% | 0.71% | 0.71% | 0.93% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Richfield, Stanly County, North Carolina
When examining property taxes in Richfield, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Stanly County Tax Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Stanly County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Richfield.
For example, the median home price in Richfield is $131,770, with tax bills ranging significantly across the county. Zip code 28137 has the highest median home price at $131,770.
Property Tax Assessment Values Across Richfield, Stanly County, North Carolina
Source: Ownwell
$56,888
$157,645
$258,402
Median Richfield Market Value
$132,585
Median Stanly County Market Value
$136,702
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Richfield, Stanly County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28137 | $54,746 | $86,339 | $132,585 | $199,640 | $290,920 |
Source: Ownwell
Property Tax Bills Across Richfield, Stanly County, North Carolina
Median Richfield Tax Bill
$978
Median Stanly County Tax Bill
$1,122
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Richfield, Stanly County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28137 | $287 | $572 | $978 | $1,560 | $2,271 |
Source: Ownwell