Lawndale, North Carolina Property Taxes
The median property tax rate in Lawndale, NC is 0.63%, 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 Lawndale at $235,623, the typical annual property tax bill amounts to $1,566, well below the national median of $2,690. Property taxes in Lawndale 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 land. Understanding Lawndale'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 Lawndale 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
Lawndale, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$1,484
Ownwell’s Lawndale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lawndale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lawndale 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 Lawndale, North Carolina
Property taxes in Lawndale, 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 Lawndale is 0.63%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Lawndale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lawndale 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 Lawndale's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28090 zip code has both the highest and the lowest median property tax rate of 0.63%. Understanding how these areas compare with Lawndale 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 Lawndale Tax Rate
0.63%
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 Lawndale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28090 | 0.47% | 0.62% | 0.63% | 0.66% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Lawndale, North Carolina
In Lawndale, 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 Lawndale, 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 Lawndale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,566, found in the 28090 zip code.
Property Tax Assessment Values Across Lawndale, North Carolina
Source: Ownwell
$189,260
$444,186
$699,111
Average Lawndale Assessed Value
$235,623
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 Lawndale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28090 | $71,526 | $124,122 | $235,623 | $318,752 | $419,814 |
Source: Ownwell
Property Tax Bills Across Lawndale, North Carolina
In Lawndale, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor's office and reflects the market value of the property. Homeowners in Lawndale can expect a range of property tax bills, with the 25th percentile at $771 and the 75th percentile reaching $2004. For those in the 90th percentile, the tax bill can be as high as $2581. The median home price in Lawndale is $235,623, and property taxes are a significant consideration for homeowners, impacting their overall housing costs. Compared to the national median property tax rate of 0.99%, Lawndale's property tax rates can vary significantly, affecting how much homeowners pay annually. Understanding these factors helps residents plan their finances and anticipate their yearly tax obligations.
Average Lawndale Tax Bill
$1,566
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 Lawndale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28090 | $449 | $771 | $1,566 | $2,004 | $2,581 |
Source: Ownwell