Lewiston Woodville, North Carolina Property Taxes
The median property tax rate in Lewiston Woodville, NC is 0.90%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Lewiston Woodville at $47,789, the typical annual property tax bill is $511, which is significantly less than the national median of $2,690. Property taxes in Lewiston Woodville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lewiston Woodville'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 Lewiston Woodville 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
Lewiston Woodville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$430
Ownwell’s Lewiston Woodville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lewiston Woodville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lewiston Woodville 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 Lewiston Woodville, North Carolina
Property taxes in Lewiston Woodville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lewiston Woodville is 0.90%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Lewiston Woodville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lewiston Woodville 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 Lewiston Woodville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27849 zip code has the highest median property tax rate of 0.90%, while the 27849 zip code also has the lowest median tax rate of 0.90%. Understanding how these cities compare with Lewiston Woodville provides valuable insights into the varying tax landscape across Bertie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lewiston Woodville Tax Rate
0.90%
Average Bertie County Tax Rate
0.90%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lewiston Woodville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27849 | 0.70% | 0.90% | 0.90% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Lewiston Woodville, North Carolina
In Lewiston Woodville, 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 Bertie 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. In Lewiston Woodville, 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 Lewiston Woodville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $511, found in the 27849 zip code.
Property Tax Assessment Values Across Lewiston Woodville, North Carolina
Source: Ownwell
$39,976
$71,782
$103,588
Average Lewiston Woodville Assessed Value
$47,789
Average Bertie County Assessed Value
$56,495
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lewiston Woodville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27849 | $17,345 | $32,611 | $47,789 | $67,532 | $96,632 |
Source: Ownwell
Property Tax Bills Across Lewiston Woodville, North Carolina
In Lewiston Woodville, located in Bertie County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. The property tax rate in Lewiston Woodville is applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in this city can expect varying tax bills, with the 25th percentile tax bill at $303 and the 75th percentile at $750. The 90th percentile tax bill reaches $1139, indicating that higher-value properties incur significantly higher taxes. The median home price in Lewiston Woodville is $47,789, which is considerably lower than the national median home price. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the community. Homeowners should be aware of these factors as they can significantly affect their annual expenses and overall financial planning.
Average Lewiston Woodville Tax Bill
$511
Average Bertie County Tax Bill
$505
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Lewiston Woodville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27849 | $162 | $303 | $511 | $750 | $1,139 |
Source: Ownwell