Lumberton, North Carolina Property Taxes
The median property tax rate in Lumberton, NC is 0.84%, slightly below the national median of 0.99% but just above the North Carolina state median of 0.82%. With the median home value in Lumberton at $76,500, the typical annual property tax bill amounts to $639, which is significantly lower than the national median of $2,690. Property taxes in Lumberton are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Lumberton'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 Lumberton or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lumberton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$643
Ownwell’s Lumberton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lumberton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lumberton 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 Lumberton, North Carolina
Property taxes in Lumberton, 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 Lumberton is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Lumberton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lumberton 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 Lumberton's effective property tax rate to other areas in Robeson County and the national median. For comparison, the 28360 zip code has the highest median property tax rate of 0.87%, while the 28358 zip code has the lowest median tax rate of 0.77%. Understanding how these areas compare with Lumberton provides valuable insights into the varying tax landscape across Robeson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lumberton Tax Rate
0.84%
Average Robeson County Tax Rate
0.87%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lumberton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28358 | 0.77% | 0.77% | 0.77% | 0.87% | 0.89% |
| 28360 | 0.77% | 0.87% | 0.87% | 0.87% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Lumberton, North Carolina
In Lumberton, 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 Robeson 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 Lumberton, 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 Lumberton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lumberton is $76,500, with the highest median tax bill of $698 in zip code 28360 and the lowest median tax bill of $618 in zip code 28358.
Property Tax Assessment Values Across Lumberton, North Carolina
Source: Ownwell
$59,500
$102,600
$145,700
Average Lumberton Assessed Value
$76,500
Average Robeson County Assessed Value
$69,800
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lumberton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28358 | $33,590 | $49,500 | $75,300 | $119,700 | $181,400 |
| 28360 | $36,760 | $51,600 | $79,700 | $130,100 | $182,740 |
Source: Ownwell
Property Tax Bills Across Lumberton, North Carolina
Property tax bills in Lumberton, Robeson County, NC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the home. For instance, with a median home price of $76,500, the property tax bill can vary significantly. Several factors influence the final tax bill, including the property's market value, any applicable exemptions, and the local tax rate. In Lumberton, the 25th percentile of tax bills is around $417, while the 75th percentile reaches $1,012. The highest median tax bill in the area is $698 in the 28360 zip code, whereas the lowest is $618 in the 28358 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Lumberton may find their tax bills relatively manageable. However, these taxes still represent a significant expense that affects budgeting and financial planning for homeowners in the area. Understanding these factors helps residents anticipate their annual property tax obligations.
Average Lumberton Tax Bill
$639
Average Robeson County Tax Bill
$623
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Lumberton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28358 | $272 | $404 | $618 | $981 | $1,476 |
| 28360 | $325 | $454 | $698 | $1,092 | $1,531 |
Source: Ownwell