Lawndale, North Carolina Property Taxes
The median property tax rate in Lawndale, 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 $168,704 in Lawndale, the typical annual property tax bill amounts to $1,218, which is below the national median of $2,690. Property taxes in Lawndale are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Lawndale'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 Lawndale or another part of Burke County, understanding 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
0.74%
Estimate Property Tax Bill
$1,248
-$13,083
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, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawndale is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Lawndale set these rates annually, and they can vary 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 lowest median property tax rate of 0.74%. Understanding how these areas compare with Lawndale provides valuable insights into the varying tax landscape across Burke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawndale Tax Rate
0.74%
Average Burke County Tax Rate
0.72%
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 | 0.54% | 0.70% | 0.74% | 0.75% | 0.78% |
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 Burke 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 Lawndale are both $1218, found in the 28090 zip code.
Property Tax Assessment Values Across Lawndale, North Carolina
Source: Ownwell
$33,106
$242,016
$450,926
Average Lawndale Assessed Value
$168,704
Average Burke County Assessed Value
$144,639
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 | $84,988 | $106,588 | $168,704 | $198,186 | $299,008 |
Source: Ownwell
Property Tax Bills Across Lawndale, North Carolina
In Lawndale, Burke County, NC, property tax bills are determined based on the assessed value of a home, which is an estimate of the property's market value. The median home price in Lawndale is $168,704. Property taxes are calculated by applying the local tax rate to this assessed value. For example, the national median property tax rate is 0.99%, which can be used as a benchmark for comparison. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. In Lawndale, the tax bill can vary significantly, with the 25th percentile at $796 and the 75th percentile at $1,440, indicating a wide range of property values and tax assessments in the area. The 90th percentile tax bill reaches up to $2,013, reflecting higher-end properties. Homeowners in Lawndale should be aware of these variations as they can impact their annual financial planning. Understanding how these factors contribute to the overall tax bill can help homeowners anticipate and manage their property tax obligations effectively.
Average Lawndale Tax Bill
$1,218
Average Burke County Tax Bill
$1,021
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 | $535 | $796 | $1,218 | $1,440 | $2,013 |
Source: Ownwell