Lilesville, North Carolina Property Taxes
The median property tax rate in Lilesville, NC is 0.87%, 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 $55,800 in Lilesville, the typical annual property tax bill is $460, which is significantly below the national median of $2,690. Property taxes in Lilesville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lilesville'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 Lilesville 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
Lilesville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.87%
Estimate Property Tax Bill
$485
Ownwell’s Lilesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lilesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lilesville 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 Lilesville, North Carolina
Property taxes in Lilesville, 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 Lilesville is 0.87%, which is lower than both the North Carolina state median of 0.84% and the U.S. national median of 0.99%. Local government entities within Lilesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lilesville 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 Lilesville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28091 zip code has the highest median property tax rate of 0.87%, while the 28091 zip code also has the lowest median tax rate of 0.87%. Understanding how these cities compare with Lilesville provides valuable insights into the varying tax landscape across Anson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lilesville Tax Rate
0.87%
Average Anson County Tax Rate
0.87%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lilesville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28091 | 0.78% | 0.78% | 0.87% | 0.87% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Lilesville, North Carolina
In Lilesville, 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 Anson 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 Lilesville, 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 Lilesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 28091 has both the highest and lowest median tax bills at $460.
Property Tax Assessment Values Across Lilesville, North Carolina
Source: Ownwell
$43,100
$85,275
$127,450
Average Lilesville Assessed Value
$55,800
Average Anson County Assessed Value
$69,100
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lilesville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28091 | $9,990 | $26,225 | $55,800 | $85,775 | $143,150 |
Source: Ownwell
Property Tax Bills Across Lilesville, North Carolina
In Lilesville, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. For example, with a median home price of $55,800, homeowners can expect varying tax bills depending on their property's specific assessed value and applicable exemptions. Factors such as property size, location, and improvements can influence the assessed value. In Anson County, where Lilesville is located, tax bills range significantly. The 25th percentile tax bill is $222, while the 75th percentile reaches $698, and the 90th percentile goes up to $1,185. These property tax bills can impact homeowners by affecting their monthly mortgage payments and overall housing affordability. Compared to the national median property tax rate of 0.99%, Lilesville's rates provide a relatively affordable tax environment, which can be a significant consideration for existing and prospective homeowners.
Average Lilesville Tax Bill
$460
Average Anson County Tax Bill
$626
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Lilesville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28091 | $100 | $222 | $460 | $698 | $1,185 |
Source: Ownwell