Lawsonville, North Carolina Property Taxes
The median property tax rate in Lawsonville, NC is 0.74%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $124,400 in Lawsonville, the typical annual property tax bill is $818, significantly below the national median of $2,690. Property taxes in Lawsonville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Lawsonville'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 Lawsonville 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
Lawsonville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$921
Ownwell’s Lawsonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lawsonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lawsonville 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 Lawsonville, North Carolina
Property taxes in Lawsonville, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawsonville is 0.74%, notably lower than the U.S. national median of 0.99%. Local government entities within Lawsonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lawsonville 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 Lawsonville's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27022 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these areas compare with Lawsonville provides valuable insights into the varying tax landscape across Stokes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawsonville Tax Rate
0.74%
Average Stokes County Tax Rate
0.74%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawsonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27022 | 0.37% | 0.61% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Lawsonville, North Carolina
In Lawsonville, 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 Stokes 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 Lawsonville, 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. The median home price in Lawsonville stands at $124,400, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $510, while the 75th percentile tax bill is $1,168. The highest median tax bill recorded in the area is $818, found in the 27022 zip code, which also has the lowest tax bill at $818. 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 Lawsonville, North Carolina
Source: Ownwell
$83,700
$329,300
$574,900
Average Lawsonville Assessed Value
$124,400
Average Stokes County Assessed Value
$130,100
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawsonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27022 | $51,560 | $82,650 | $124,400 | $188,350 | $291,140 |
Source: Ownwell
Property Tax Bills Across Lawsonville, North Carolina
In Lawsonville, Stokes County, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which reflects the current real estate market conditions. Homeowners in Lawsonville can expect their tax bills to vary significantly based on the value of their property. For example, the tax bill at the 25th percentile is around $510, while at the 75th percentile, it rises to approximately $1,168. The highest tax bills, at the 90th percentile, can reach up to $1,820. Comparatively, the median property tax rate in Lawsonville aligns closely with the national median property tax rate of 0.99%. This means that while some homeowners may find their tax bills manageable, others with higher-valued properties might see a more substantial financial impact. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Lawsonville Tax Bill
$818
Average Stokes County Tax Bill
$951
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawsonville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27022 | $322 | $510 | $818 | $1,168 | $1,820 |
Source: Ownwell