Laurinburg, North Carolina Property Taxes
The median property tax rate in Laurinburg, NC is 1.09%, slightly higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Laurinburg, the typical annual property tax bill reaches $638, which is significantly lower than the national median of $2,690. Property taxes in Laurinburg 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 Laurinburg'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 Laurinburg 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
Laurinburg, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$659
Ownwell’s Laurinburg Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Laurinburg with just two data points. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Laurinburg to provide an estimate of your property tax bill. This handy tool offers a clear understanding of your potential tax liabilities. For those interested in more detailed insights, including neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Laurinburg, North Carolina
Property taxes in Laurinburg, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laurinburg is 1.09%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Laurinburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laurinburg 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 Laurinburg's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28353 zip code has the highest median property tax rate of 1.21%, while the 28352 zip code has the lowest median tax rate of 1.09%. Understanding how these cities compare with Laurinburg provides valuable insights into the varying tax landscape across Scotland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laurinburg Tax Rate
1.09%
Average Scotland County Tax Rate
1.11%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laurinburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28352 | 0.97% | 1.04% | 1.09% | 1.19% | 1.40% |
| 28353 | 1.20% | 1.20% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Laurinburg, North Carolina
In Laurinburg, 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 Scotland 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. 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. Laurinburg's median home price is $60,430, with tax bills ranging from $337 at the 25th percentile to $1,706 at the 90th percentile. The highest median tax bill in Laurinburg is $1,027 in zip code 28353, while the lowest is $638 in zip code 28352. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Laurinburg, North Carolina
Source: Ownwell
$24,600
$54,843
$85,085
Average Laurinburg Assessed Value
$60,430
Average Scotland County Assessed Value
$54,325
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laurinburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28352 | $11,590 | $31,572 | $60,415 | $109,122 | $169,180 |
| 28353 | $75,969 | $79,388 | $85,085 | $90,782 | $94,201 |
Source: Ownwell
Property Tax Bills Across Laurinburg, North Carolina
In Laurinburg, located in Scotland County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The tax rate, applied to the assessed value, plays a crucial role in determining the final tax bill. For instance, the median home price in Laurinburg is $60,430. Homeowners in the 25th percentile can expect a tax bill around $337, while those in the 75th percentile may see bills closer to $1,113. At the 90th percentile, tax bills can reach up to $1,706. The highest median tax bill in the area is $1,027, found in the 28353 zip code, while the lowest is $638 in the 28352 zip code. These variations highlight how property values and specific local tax rates affect homeowners' annual expenses. Compared to the national median property tax rate of 0.99%, Laurinburg's property tax landscape offers a range of financial impacts, depending on the assessed value and location within the city.
Average Laurinburg Tax Bill
$638
Average Scotland County Tax Bill
$594
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Laurinburg, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28352 | $179 | $337 | $638 | $1,113 | $1,706 |
| 28353 | $910 | $954 | $1,027 | $1,100 | $1,144 |
Source: Ownwell