Leland, North Carolina Property Taxes
The median property tax rate in Leland, NC is 0.50%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Leland, the typical annual property tax bill is $1,475, well below the national median of $2,690. Property taxes in Leland 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 Leland'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 Leland or another part of Brunswick County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leland, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$1,653
Ownwell’s Leland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leland 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 Leland, North Carolina
Property taxes in Leland, NC, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leland is 0.50%, which is lower than the U.S. national median of 0.99%. Local government entities within Leland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leland 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 Leland's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 28451 zip code has the same median property tax rate of 0.50%. Understanding how these rates compare with Leland provides valuable insights into the varying tax landscape across Brunswick County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leland Tax Rate
0.50%
Average Brunswick County Tax Rate
0.43%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28451 | 0.32% | 0.40% | 0.50% | 0.57% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Leland, North Carolina
In Leland, 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 Brunswick 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 Leland, 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 Leland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest and lowest median tax bills in Leland, both $1475, are found in the 28451 zip code.
Average Leland Assessed Value
$330,670
Average Brunswick County Assessed Value
$338,175
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28451 | $107,424 | $225,510 | $330,670 | $491,500 | $638,916 |
Source: Ownwell
Property Tax Bills Across Leland, North Carolina
In Leland, located in Brunswick County, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is an estimate of the property's market value, which is periodically evaluated by local tax assessors. For homeowners, this means that the higher the assessed value of their property, the higher their tax bill will be. In Leland, the median home price is $330,670. Property tax bills vary significantly, with the 25th percentile at $855 and the 75th percentile at $2,495. At the 90th percentile, homeowners can expect to pay up to $3,258. Despite these variations, the median tax bill in the area is $1,475, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential community services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for Leland residents. Understanding how these taxes are calculated can help homeowners better anticipate their annual expenses.
Average Leland Tax Bill
$1,475
Average Brunswick County Tax Bill
$1,377
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Leland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28451 | $407 | $855 | $1,475 | $2,495 | $3,258 |
Source: Ownwell