Mc Leansville, North Carolina Property Taxes
The median property tax rate in Mc Leansville, NC is 0.88%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With a median home value of $172,500 in Mc Leansville, the typical annual property tax bill amounts to $1,658, which is below the national median of $2,690. Property taxes in Mc Leansville are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Mc Leansville'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 Mc Leansville or another part of Guilford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mc Leansville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,518
Ownwell’s Mc Leansville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mc Leansville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mc Leansville 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 Mc Leansville, North Carolina
Property taxes in Mc Leansville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Leansville is 0.88%, which is below the U.S. national median of 0.99%. Local government entities within Mc Leansville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mc Leansville 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 Mc Leansville's effective property tax rate to other regions in North Carolina and the national median. For comparison, the 27301 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these areas compare with Mc Leansville provides valuable insights into the varying tax landscape across Guilford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Leansville Tax Rate
0.88%
Average Guilford County Tax Rate
1.35%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Leansville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27301 | 0.86% | 0.88% | 0.88% | 1.36% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Mc Leansville, North Carolina
In MC LEANSVILLE, 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 Guilford 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 MC LEANSVILLE, 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 MC LEANSVILLE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $172,500, with tax bills ranging from $1,020 at the 25th percentile to $3,162 at the 90th percentile. The highest and lowest median tax bills are both $1,658 in the 27301 zip code.
Property Tax Assessment Values Across Mc Leansville, North Carolina
Source: Ownwell
$15,000
$189,700
$364,400
Average Mc Leansville Assessed Value
$172,500
Average Guilford County Assessed Value
$164,700
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Leansville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27301 | $46,150 | $118,125 | $172,500 | $220,125 | $271,850 |
Source: Ownwell
Property Tax Bills Across Mc Leansville, North Carolina
In Mc Leansville, property tax bills are calculated based on the assessed value of your home, which is determined by the Guilford County tax assessor. The assessed value considers factors such as the market value of similar properties in the area, the condition of your home, and any improvements made. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For example, with a median home price of $172,500, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,020, while the 75th percentile reaches up to $2,531. At the higher end, the 90th percentile tax bill can be as much as $3,162. These figures highlight the range of property tax obligations depending on individual property assessments and local tax rates. Homeowners in Mc Leansville should be aware that property taxes can significantly impact their annual expenses, making it essential to stay informed about how these taxes are calculated and any potential exemptions or appeals that may apply.
Average Mc Leansville Tax Bill
$1,658
Average Guilford County Tax Bill
$1,922
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Leansville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27301 | $409 | $1,020 | $1,658 | $2,531 | $3,162 |
Source: Ownwell