Longwood, North Carolina Property Taxes
The median property tax rate in Longwood, 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 Longwood at $112,095, the typical annual property tax bill is $533, well below the national median of $2,690. Property taxes in Longwood are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Longwood's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Longwood or another part of the city, being informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Longwood, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$560
Ownwell’s Longwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Longwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Longwood 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 Longwood, North Carolina
Property taxes in Longwood, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Longwood is 0.50%, which is lower than the U.S. national median of 0.99%. Local government entities within Longwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Longwood 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 Longwood's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28452 zip code has both the highest and lowest median property tax rate of 0.50%. Understanding how these cities compare with Longwood 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 Longwood 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 Longwood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28452 | 0.36% | 0.41% | 0.50% | 0.68% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Longwood, North Carolina
In Longwood, 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 Longwood, 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 Longwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 28452 has both the highest and lowest median tax bills at $533.
Property Tax Assessment Values Across Longwood, North Carolina
Source: Ownwell
$90,960
$529,140
$967,320
Average Longwood Assessed Value
$112,095
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 Longwood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28452 | $17,347 | $49,695 | $112,095 | $166,148 | $243,902 |
Source: Ownwell
Property Tax Bills Across Longwood, North Carolina
In Longwood, Brunswick 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 Longwood is $112,095. The property tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. For homeowners in Longwood, the 25th percentile tax bill is around $340, while the 75th percentile reaches $718, and the 90th percentile can be as high as $975. These figures indicate a range of tax obligations, reflecting the diversity in property values within the area. Compared to the national median property tax rate of 0.99%, Longwood's tax rates can be seen as relatively moderate, providing a manageable financial commitment for most homeowners. Understanding these factors helps homeowners anticipate their tax responsibilities and plan accordingly.
Average Longwood Tax Bill
$533
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 Longwood, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28452 | $164 | $340 | $533 | $718 | $975 |
Source: Ownwell