Maiden, North Carolina Property Taxes
The median property tax rate in Maiden, NC is 0.64%, which is notably lower than both the national median of 0.99% and North Carolina's state median of 0.82%. With a median home value of $309,005 in Maiden, the typical annual property tax bill amounts to $1,997, falling below the national median of $2,690. Property taxes in Maiden are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Maiden'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 Maiden or another part of Lincoln County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maiden, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,978
Ownwell’s Maiden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maiden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maiden 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 Maiden, North Carolina
Property taxes in Maiden, North Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Maiden is 0.64%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Maiden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maiden 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 Maiden's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28650 has the same median property tax rate of 0.64%. Understanding how these areas compare with Maiden 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 Maiden Tax Rate
0.64%
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 Maiden, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28650 | 0.60% | 0.62% | 0.64% | 0.65% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Maiden, North Carolina
In Maiden, 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 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 Maiden, 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 Maiden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Maiden are both $1997 in the 28650 zip code.
Average Maiden Assessed Value
$309,005
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 Maiden, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28650 | $36,543 | $190,830 | $309,005 | $393,356 | $547,711 |
Source: Ownwell
Property Tax Bills Across Maiden, North Carolina
In Maiden, Lincoln County, NC, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. For instance, with a median home price of $309,005, the property tax rate in Maiden can significantly impact homeowners. Tax bills can vary widely; the 25th percentile tax bill is around $1,390, while the 75th percentile reaches $2,494, and the 90th percentile goes up to $3,412. These variations are influenced by factors such as property improvements, neighborhood developments, and changes in market conditions. For comparison, the national median property tax rate is 0.99%, highlighting how local rates and assessed values can affect what homeowners pay annually. Understanding these factors helps homeowners anticipate their property tax obligations and budget accordingly.
Average Maiden Tax Bill
$1,997
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 Maiden, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28650 | $480 | $1,390 | $1,997 | $2,494 | $3,412 |
Source: Ownwell