Lillington, North Carolina Property Taxes
The median property tax rate in Lillington, NC is 0.74%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $191,759 in Lillington, the typical annual property tax bill is $1,447, well below the national median of $2,690. Property taxes in Lillington are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lillington'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 Lillington 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
Lillington, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,419
Ownwell’s Lillington Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a quick and easy way to estimate their annual property taxes in Lillington using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lillington to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Lillington, North Carolina
Property taxes in Lillington, 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 Lillington is 0.74%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Lillington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lillington 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 Lillington's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27546 zip code has both the highest and lowest median property tax rate of 0.74%. Understanding how these areas compare with Lillington provides valuable insights into the varying tax landscape across Harnett County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lillington Tax Rate
0.74%
Average Harnett County Tax Rate
0.75%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lillington, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27546 | 0.68% | 0.72% | 0.74% | 0.79% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Lillington, North Carolina
In Lillington, 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 Harnett 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 Lillington, 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 Lillington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $1,447, found in the 27546 zip code.
Property Tax Assessment Values Across Lillington, North Carolina
Source: Ownwell
$124,172
$203,073
$281,974
Average Lillington Assessed Value
$191,759
Average Harnett County Assessed Value
$199,846
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lillington, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27546 | $81,468 | $120,201 | $191,759 | $270,750 | $356,965 |
Source: Ownwell
Property Tax Bills Across Lillington, North Carolina
In Lillington, property tax bills are calculated based on the assessed value of a home, which is determined by the Harnett County tax assessor. The median home price in Lillington is $191,759. The tax rate is applied to this assessed value to determine the annual tax bill. Factors that influence the tax bill include the property's location, size, and any applicable exemptions or deductions. For homeowners in Lillington, the 25th percentile tax bill is $908, while the 75th percentile is $2,037. At the higher end, the 90th percentile tax bill reaches $2,586. The highest and lowest median tax bills are both $1,447 in the 27546 zip code. These figures illustrate the range of property tax burdens homeowners might face, depending on their property's assessed value and any qualifying exemptions. Compared to the national median property tax rate of 0.99%, Lillington's tax bills reflect the local economic and property market conditions, impacting how much homeowners will need to budget annually for property taxes.
Average Lillington Tax Bill
$1,447
Average Harnett County Tax Bill
$1,570
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Lillington, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27546 | $620 | $908 | $1,447 | $2,037 | $2,586 |
Source: Ownwell