Dover, Lenoir County, North Carolina Property Taxes
The median property tax rate in Dover, NC is 0.98%, which is slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Dover at $102,634, the typical annual property tax bill amounts to $882, falling below the national median of $2,690. Property taxes in Dover are based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural use. Familiarizing yourself with Dover's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Dover or another part of Lenoir County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dover, Lenoir County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$1,006
$933
Ownwell’s Dover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dover 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 Dover, Lenoir County, North Carolina
Property taxes in Dover, 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 Dover is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Dover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dover 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 Dover's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28526 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Dover provides valuable insights into the varying tax landscape across Lenoir County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dover Tax Rate
0.98%
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 Dover, Lenoir County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28526 | 0.92% | 0.94% | 0.98% | 1.05% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Dover, Lenoir County, North Carolina
In Dover, 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 Lenoir 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 Dover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Dover are both $882, found in the 28526 zip code.
Property Tax Assessment Values Across Dover, Lenoir County, North Carolina
Source: Ownwell
$41,983
$72,309
$102,634
Average Dover Assessed Value
$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 Dover, Lenoir County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28526 | $20,030 | $41,923 | $102,634 | $143,718 | $212,007 |
Source: Ownwell
Property Tax Bills Across Dover, Lenoir County, North Carolina
In Dover, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. For instance, with a median home price of $102,634, homeowners can expect their tax bills to vary significantly. The tax bill at the 25th percentile is $471, while at the 75th percentile, it rises to $1,341, and at the 90th percentile, it reaches $1,779. These figures illustrate the range of property taxes homeowners might face, influenced by the assessed value of their properties. The local tax rate in Lenoir County, where Dover is situated, plays a crucial role in determining the final tax bill. This rate is applied to the assessed value of the property to calculate the annual tax obligation. Compared to the national median property tax rate of 0.99%, Dover's property taxes can be relatively moderate or high, depending on the specific property value. Homeowners need to consider these factors as they can significantly impact their annual expenses and overall financial planning.
Average Dover Tax Bill
$882
Average Lenoir County Tax Bill
$738
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Dover, Lenoir County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28526 | $207 | $471 | $882 | $1,341 | $1,779 |
Source: Ownwell