Lansing, North Carolina Property Taxes
The median property tax rate in Lansing, NC is 0.50%, considerably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Lansing, the typical annual property tax bill reaches $827, significantly below the national median of $2,690. Property taxes in Lansing are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lansing'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 Lansing 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
Lansing, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$876
Ownwell’s Lansing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lansing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lansing 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 Lansing, North Carolina
Property taxes in Lansing, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lansing is 0.50%, which is lower than the U.S. national median of 0.99%. Local government entities within Lansing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lansing 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 Lansing's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28643 has both the highest and lowest median property tax rate of 0.50%. Understanding how these cities compare with Lansing provides valuable insights into the varying tax landscape across Ashe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lansing Tax Rate
0.50%
Average Ashe County Tax Rate
0.48%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lansing, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28643 | 0.37% | 0.50% | 0.50% | 0.51% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Lansing, North Carolina
In Lansing, 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 Ashe 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. 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 Lansing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 28643, with a bill of $827, while the lowest median tax bill is also in zip code 28643, with the same amount.
Property Tax Assessment Values Across Lansing, North Carolina
Source: Ownwell
$175,200
$272,250
$369,300
Average Lansing Assessed Value
$175,200
Average Ashe County Assessed Value
$228,400
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lansing, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28643 | $39,620 | $89,750 | $175,200 | $279,000 | $431,600 |
Source: Ownwell
Property Tax Bills Across Lansing, North Carolina
In Lansing, Ashe County, NC, property tax bills are determined based on the assessed value of a property and the local tax rate. The assessed value is an estimate of the property's market value, which is periodically evaluated by county tax assessors. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Homeowners in Lansing face varying tax bills depending on their property's value. For example, the median home price in Lansing is $175,200. At the 25th percentile, homeowners might pay around $433 annually, while those at the 75th percentile could see bills as high as $1,377. At the 90th percentile, tax bills can reach up to $2,049. Compared to the national median property tax rate of 0.99%, Lansing's property taxes are relatively moderate. However, these taxes can still have a significant impact on homeowners, influencing decisions on property purchases and long-term financial planning. The highest and lowest median tax bills in Lansing both stand at $827, indicating a consistent tax rate across various properties.
Average Lansing Tax Bill
$827
Average Ashe County Tax Bill
$1,108
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Lansing, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28643 | $193 | $433 | $827 | $1,377 | $2,049 |
Source: Ownwell