Alexis, North Carolina Property Taxes
The median property tax rate in Alexis, NC is 1.14%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Alexis, the typical annual property tax bill reaches $1,758, exceeding the national median of $2,690. Property taxes in Alexis 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 Alexis'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 Alexis 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
Alexis, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,694
$1,572
Ownwell’s Alexis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alexis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alexis 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 Alexis, North Carolina
Property taxes in Alexis, 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 Alexis is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Alexis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alexis 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 Alexis's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28006 zip code has the highest median property tax rate of 1.14%, while the 28006 zip code also has the lowest median tax rate of 1.14%. Understanding how these cities compare with Alexis provides valuable insights into the varying tax landscape across Gaston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alexis Tax Rate
1.14%
Average Gaston County Tax Rate
1.65%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alexis, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28006 | 0.94% | 1.07% | 1.14% | 1.26% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Alexis, North Carolina
In Alexis, 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 Gaston County Assessor 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 Alexis, 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 Alexis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Alexis is 28006, with a median tax bill of $1,758.
Average Alexis Assessed Value
$148,615
Average Gaston County Assessed Value
$132,190
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alexis, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28006 | $77,363 | $96,705 | $148,615 | $223,040 | $310,244 |
Source: Ownwell
Property Tax Bills Across Alexis, North Carolina
In Alexis, located in Gaston County, NC, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county's property assessor, who evaluates the property's market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Alexis, the median home price stands at $148,615. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,175 and the 75th percentile reaching $2,698. At the 90th percentile, tax bills can go as high as $3,347. These variations reflect differences in property values and specific assessment practices within the county. Compared to the national median property tax rate of 0.99%, Alexis homeowners may experience a range of tax burdens depending on their property's assessed value. Understanding these factors can help homeowners anticipate their tax liabilities and manage their finances effectively.
Average Alexis Tax Bill
$1,758
Average Gaston County Tax Bill
$2,130
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Alexis, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28006 | $712 | $1,175 | $1,758 | $2,698 | $3,347 |
Source: Ownwell