Crouse, North Carolina Property Taxes
The median property tax rate in Crouse, NC is 0.65%, which is 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 Crouse at $189,260, the typical annual property tax bill amounts to $1,305, well below the national median of $2,690. Property taxes in Crouse are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Crouse'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 Crouse 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
Crouse, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,230
Ownwell’s Crouse Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crouse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crouse 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 Crouse, North Carolina
Property taxes in Crouse, 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 Crouse is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Crouse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crouse 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 Crouse's effective property tax rate to other areas in North Carolina and the national median. For comparison, the zip code 28033 has the highest median property tax rate of 0.65%, while the lowest median tax rate is also 0.65%. Understanding how these areas compare with Crouse provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crouse Tax Rate
0.65%
Average Lincoln County Tax Rate
0.64%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crouse, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28033 | 0.50% | 0.62% | 0.65% | 0.68% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Crouse, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Crouse, 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 Lincoln 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 Crouse, 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. Notably, the highest and lowest median tax bills in Crouse are both $1,305, found in the 28033 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crouse Assessed Value
$189,260
Average Lincoln County Assessed Value
$293,422
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crouse, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28033 | $23,218 | $80,386 | $189,260 | $300,590 | $429,617 |
Source: Ownwell
Property Tax Bills Across Crouse, North Carolina
In Crouse, located in Lincoln County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county's tax assessor and is typically a percentage of the property's market value. Homeowners in Crouse can expect to pay property taxes that are influenced by this assessed value and the local tax rate. For example, with a median home price of $189,260, property tax bills can vary significantly. The 25th percentile tax bill is around $713, while the 75th percentile tax bill reaches approximately $1,996. At the 90th percentile, homeowners might see a tax bill as high as $2,682. Compared to the national median property tax rate of 0.99%, the property tax obligations in Crouse may seem moderate, but they still represent a significant financial consideration for homeowners. The highest median tax bill recorded in the area is $1,305, indicating variability depending on specific property assessments and local tax rates. Understanding these factors can help homeowners better anticipate their annual property tax expenses.
Average Crouse Tax Bill
$1,305
Average Lincoln County Tax Bill
$2,128
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Crouse, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28033 | $290 | $713 | $1,305 | $1,996 | $2,682 |
Source: Ownwell