Mcleansville, North Carolina Property Taxes
The median property tax rate in McLeansville, NC is 0.84%, slightly higher than the North Carolina state median of 0.82% but still below the national median of 0.99%. With a median home value of $39,600 in McLeansville, the typical annual property tax bill is $322, which is significantly lower than the national median of $2,690. Property taxes in McLeansville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like those for primary residences and agricultural properties. Understanding McLeansville'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 McLeansville 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
Mcleansville, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.84%
Estimate Property Tax Bill
$333
$309
Ownwell’s McLeansville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McLeansville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McLeansville 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 Guilford County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mcleansville, North Carolina
Property taxes in McLeansville, 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 McLeansville is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within McLeansville set these rates annually, and they can vary significantly across different neighborhoods. Each year, McLeansville 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 McLeansville's effective property tax rate to other areas in North Carolina and the national median. For comparison, the 27301 zip code has the highest median property tax rate of 0.84%, while the same zip code also has the lowest median tax rate of 0.84%. Understanding how these areas compare with McLeansville provides valuable insights into the varying tax landscape across Guilford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mcleansville Tax Rate
0.84%
Average Guilford County Tax Rate
1.35%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mcleansville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27301 | 0.82% | 0.83% | 0.84% | 0.86% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Mcleansville, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in McLeansville, North Carolina. 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 Guilford 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 McLeansville, 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. For instance, the zip code 27301 has the highest and lowest median tax bill at $322. 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 McLeansville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mcleansville, North Carolina
Source: Ownwell
$15,000
$189,700
$364,400
Average Mcleansville Assessed Value
$39,600
Average Guilford County Assessed Value
$164,700
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mcleansville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27301 | $9,680 | $20,900 | $39,600 | $58,300 | $69,520 |
Source: Ownwell
Property Tax Bills Across Mcleansville, North Carolina
In McLeansville, Guilford County, NC, property tax bills are calculated based on the assessed value of a home. The median home price in McLeansville is $39,600. To determine the tax bill, the assessed value is multiplied by the local property tax rate, which in this area results in a median tax bill of $322. This rate is significantly lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value and any applicable exemptions or deductions. For example, homeowners at the 25th percentile pay around $171, while those at the 75th percentile pay approximately $473. The tax bill can reach up to $564 for those at the 90th percentile. These property taxes fund essential community services such as schools, infrastructure, and emergency services, impacting homeowners directly by contributing to the overall quality of life in McLeansville. Lower property taxes can make homeownership more affordable, but they also reflect the services and amenities available in the area.
Average Mcleansville Tax Bill
$322
Average Guilford County Tax Bill
$1,922
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Mcleansville, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27301 | $80 | $171 | $322 | $473 | $564 |
Source: Ownwell