La Grange, Lenoir County, North Carolina Property Taxes
The median property tax rate in LA GRANGE, NC is 1.00%, slightly higher than the national median of 0.99% and significantly above the North Carolina state median of 0.82%. With a median home value of $68,383 in LA GRANGE, the typical annual property tax bill is $720, which is below the national median of $2,690. Property taxes in LA GRANGE are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding LA GRANGE'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 LA GRANGE 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
La Grange, Lenoir County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$684
$635
Ownwell’s LA GRANGE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA GRANGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA GRANGE 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 La Grange, Lenoir County, North Carolina
Property taxes in LA GRANGE, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA GRANGE is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within LA GRANGE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA GRANGE 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 LA GRANGE's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28551 zip code has the highest median property tax rate of 1.00%, while also having the lowest median tax rate of 1.00%. Understanding how these cities compare with LA GRANGE 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 La Grange Tax Rate
1.00%
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 La Grange, Lenoir County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28551 | 0.88% | 0.90% | 1.00% | 1.38% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across La Grange, Lenoir County, North Carolina
In LA GRANGE, 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. In LA GRANGE, 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 LA GRANGE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $720.00, found in zip code 28551, which is also the lowest median tax bill.
Property Tax Assessment Values Across La Grange, Lenoir County, North Carolina
Source: Ownwell
$41,983
$72,309
$102,634
Average La Grange Assessed Value
$68,383
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 La Grange, Lenoir County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28551 | $15,201 | $36,126 | $68,383 | $115,492 | $190,981 |
Source: Ownwell
Property Tax Bills Across La Grange, Lenoir County, North Carolina
Property tax bills in La Grange, NC, are determined based on the assessed value of a property and the local tax rate set by Lenoir County. The assessed value is an estimate of the property's market value, which is then multiplied by the tax rate to calculate the annual tax bill. In La Grange, the median home price is $68,383, and the median property tax bill is $720, aligning with the highest and lowest median tax bills in the zip code 28551. Several factors influence the tax bill, including property size, location, and any applicable exemptions or abatements. Homeowners in La Grange can expect their property tax bills to vary, with the 25th percentile at $376 and the 75th percentile at $1,214, reflecting differences in property values and characteristics. The 90th percentile tax bill reaches $1,958, indicating higher-valued properties. This system ensures that property taxes are proportionate to property values, impacting homeowners by requiring them to budget for these annual expenses based on their property's assessed value.
Average La Grange Tax Bill
$720
Average Lenoir County Tax Bill
$738
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across La Grange, Lenoir County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28551 | $157 | $376 | $720 | $1,214 | $1,958 |
Source: Ownwell