Lenoir County, North Carolina Property Taxes
The median property tax rate in Lenoir County is 1.07%, which is notably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Lenoir County at $66,089, the typical annual property tax bill amounts to $738, which is considerably lower than the national median of $2,690. Property taxes in Lenoir County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Lenoir County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Kinston or another part of Lenoir County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lenoir County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$707
$656
Ownwell’s Lenoir County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Lenoir County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Lenoir County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Lenoir County, North Carolina
Property taxes in Lenoir County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Lenoir County is 1.07%, which is higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Lenoir County set these rates annually, and they can vary significantly between different areas within the county. Each year, Lenoir County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Lenoir County's effective property tax rate with other areas in North Carolina and the national median. For comparison, the city of Kinston has one of the higher property tax rates in North Carolina at 1.61%, while the city of Snow Hill boasts one of the lowest at 0.90%. Analyzing how Lenoir County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Lenoir County Tax Rate
1.07%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lenoir County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albertson | N/A | N/A | N/A | N/A | N/A |
| Deep Run | 0.76% | 0.90% | 0.94% | 1.04% | 1.13% |
| Dover | 0.92% | 0.94% | 0.98% | 1.05% | 1.19% |
| Grifton | 0.84% | 0.90% | 0.91% | 1.02% | 1.10% |
| Hookerton | 0.90% | 0.91% | 0.97% | 1.07% | 1.12% |
| Kinston | 0.90% | 0.95% | 1.61% | 1.62% | 1.62% |
| La Grange | 0.88% | 0.90% | 1.00% | 1.38% | 1.38% |
| Pink Hill | 0.84% | 0.92% | 0.98% | 1.15% | 1.40% |
| Seven Springs | 0.73% | 0.89% | 0.95% | 1.03% | 1.11% |
| Snow Hill | 0.67% | 0.90% | 0.90% | 0.97% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Lenoir County, North Carolina
In Lenoir County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Lenoir County Appraisal District. The assessed value, however, 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 in Lenoir County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Lenoir County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Dover has the highest median tax bill at $882, while Hookerton has the lowest at $590.
Property Tax Assessment Values Across Lenoir County, North Carolina
Source: Ownwell
$41,983
$72,309
$102,634
Average Lenoir County Assessed Value
$66,089
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lenoir County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albertson | N/A | N/A | N/A | N/A | N/A |
| Deep Run | $15,652 | $35,808 | $64,262 | $113,321 | $168,074 |
| Dover | $20,030 | $41,923 | $102,634 | $143,718 | $212,007 |
| Grifton | $14,240 | $37,210 | $62,375 | $109,382 | $180,811 |
| Hookerton | $14,180 | $28,006 | $54,711 | $110,097 | $163,592 |
| Kinston | $13,638 | $30,878 | $65,943 | $106,744 | $155,613 |
| La Grange | $15,201 | $36,126 | $68,383 | $115,492 | $190,981 |
| Pink Hill | $16,010 | $34,420 | $68,170 | $110,662 | $151,722 |
| Seven Springs | $17,745 | $37,448 | $63,163 | $108,874 | $156,528 |
| Snow Hill | $44,502 | $57,058 | $90,754 | $118,316 | $129,384 |
Source: Ownwell
Property Tax Bills Across Lenoir County, North Carolina
In Lenoir County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $66,089, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Factors such as property improvements, market conditions, and neighborhood trends can influence the assessed value. Homeowners in Lenoir County typically see tax bills ranging from $391 at the 25th percentile to $1,224 at the 75th percentile, with the 90th percentile reaching up to $1,862. In comparison, the highest median tax bill in the county is found in Dover at $882, while Hookerton has the lowest at $590. These property taxes significantly impact homeowners, affecting their overall housing costs and financial planning.
Average Lenoir County Tax Bill
$738
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Lenoir County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albertson | N/A | N/A | N/A | N/A | N/A |
| Deep Run | $148 | $369 | $616 | $1,013 | $1,444 |
| Dover | $207 | $471 | $882 | $1,341 | $1,779 |
| Grifton | $130 | $352 | $605 | $995 | $1,509 |
| Hookerton | $131 | $314 | $590 | $1,052 | $1,400 |
| Kinston | $184 | $405 | $781 | $1,282 | $1,937 |
| La Grange | $157 | $376 | $720 | $1,214 | $1,958 |
| Pink Hill | $149 | $362 | $678 | $1,093 | $1,508 |
| Seven Springs | $158 | $376 | $615 | $987 | $1,419 |
| Snow Hill | $256 | $380 | $836 | $1,129 | $1,169 |
Source: Ownwell