Castalia, Franklin County, North Carolina Property Taxes

Name: Property Tax Bills Across Castalia, Franklin County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Castalia, NC effective property tax rate: 0.97%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Castalia, NC home value: $102,300
Median annual Castalia, NC tax bill: $935, $1,465 lower than the national median property tax bill of $2,400.

How are property taxes in Franklin County calculated?

Property taxes in Castalia, 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 Castalia’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Castalia, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Castalia, Franklin County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.66%

Estimate Property Tax Bill

$1,237

$1,148

Ownwell’s Castalia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Castalia with just two data points. By entering your property's estimated assessed value, our calculator applies Castalia’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Franklin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Castalia, Franklin County, North Carolina

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This is because each county annually estimates the budget needed to deliver services and divides it by the total assessed value of all taxable property in its jurisdiction. This calculation determines the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Castalia, located in Franklin County, the effective property tax rate is aligned with the median rate for the state of North Carolina, which stands at 0.97%. This rate is slightly below the national median property tax rate of 1.02%. Homeowners in Castalia benefit from a property tax rate that is competitively lower than the national average, making it an attractive option for those looking to manage their property tax expenses efficiently. Comparing Castalia’s tax rate to other cities in North Carolina and the U.S. highlights its competitive edge in terms of property tax affordability.

Property Tax Rates Across Castalia, Franklin County, North Carolina

Source: Ownwell

0.62%

0.80%

0.98%

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 Castalia Tax Rate

0.66%

Median Effective Franklin County Tax Rate

0.62%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Castalia, Franklin County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27816	0.35%	0.59%	0.66%	0.69%	0.73%

Source: Ownwell

Property Tax Assessment Values Across Castalia, Franklin County, North Carolina

When examining property taxes in Castalia, 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 Franklin County appraisal district 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.

In Franklin 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 Castalia.

For example, the median home price in Castalia is $102,300, with tax bills ranging significantly across the county. Zip code 27816 has the highest median home price at $102,300.

Property Tax Assessment Values Across Castalia, Franklin County, North Carolina

Source: Ownwell

$111,850

$266,005

$420,160

Median Castalia Market Value

$187,360

Median Franklin County Market Value

$285,020

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Castalia, Franklin County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27816	$53,890	$114,742	$187,360	$293,090	$466,560

Source: Ownwell

Property Tax Bills Across Castalia, Franklin County, North Carolina

In Castalia, Franklin County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Castalia is $102,300, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $510, while those in the 75th percentile face bills of approximately $1,420. At the 90th percentile, tax bills can reach up to $2,111. These figures highlight the variability in property tax burdens across the area. Compared to the national median property tax bill of $2,400, Castalia's tax bills can be lower, offering some relief to homeowners. However, understanding how to potentially reduce these bills is crucial. Ownwell assists homeowners by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying opportunities for reductions, Ownwell helps clients save on their property tax bills, ensuring they only pay what is fair and justified.

Property Tax Bills Across Castalia, Franklin County, North Carolina

Source: Ownwell

$677

$2,276

$3,874

Median Castalia Tax Bill

$1,138

Median Franklin County Tax Bill

$1,804

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Castalia, Franklin County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27816	$397	$720	$1,138	$1,613	$2,449

Source: Ownwell