La Grange, North Carolina Property Taxes
The median property tax rate in La Grange, NC is 0.97%, slightly lower than the national median of 0.99% but significantly higher than the North Carolina state median of 0.82%. With the median home value in La Grange at $74,000, the typical annual property tax bill comes to $706, which is well below the national median of $2,690. Property taxes in La Grange 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 La Grange'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 La Grange or another part of Greene County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Grange, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$718
Ownwell’s LA GRANGE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA GRANGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA GRANGE 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 La Grange, North Carolina
Property taxes in LA GRANGE, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA GRANGE is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within LA GRANGE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA GRANGE 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 LA GRANGE's effective property tax rate to other areas in North Carolina and the national median. For comparison, the ZIP code 28551 has both the highest and lowest median property tax rate of 0.97%, identical to LA GRANGE’s rate. Understanding how these areas compare with LA GRANGE provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Grange Tax Rate
0.97%
Average Greene County Tax Rate
0.97%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Grange, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28551 | 0.50% | 0.93% | 0.97% | 1.01% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across La Grange, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in La Grange, North Carolina. 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 local 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 La Grange, 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 La Grange helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $706 in zip code 28551, while the lowest is also $706 in the same zip code.
Property Tax Assessment Values Across La Grange, North Carolina
Source: Ownwell
$55,950
$81,008
$106,065
Average La Grange Assessed Value
$74,000
Average Greene County Assessed Value
$87,680
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Grange, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28551 | $49,326 | $63,190 | $74,000 | $105,430 | $167,090 |
Source: Ownwell
Property Tax Bills Across La Grange, North Carolina
In the city of La Grange, located in Greene County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is typically a percentage of the market value of the property. For example, with a median home price of $74,000, the assessed value forms the basis for calculating the property tax bill. The tax rate, set by local government entities, is then applied to the assessed value. Various factors, such as property location, improvements, and exemptions, can influence the final tax bill. In La Grange, the property tax bills range significantly, with the 25th percentile at $588 and the 75th percentile at $986. For those in the 90th percentile, the tax bill can be as high as $1,413. These property tax bills can have a substantial impact on homeowners, affecting their annual expenses and potentially influencing decisions about property improvements or even homeownership. The highest and lowest median tax bills in the area are both $706, indicating some uniformity in tax assessments within the zip code 28551.
Average La Grange Tax Bill
$706
Average Greene County Tax Bill
$818
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across La Grange, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28551 | $418 | $588 | $706 | $986 | $1,413 |
Source: Ownwell