Alexis, Lincoln County, North Carolina Property Taxes
The median property tax rate in Alexis, NC is 0.64%, notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $259,503 in Alexis, the typical annual property tax bill amounts to $1,866, which is less than the national median of $2,690. Property taxes in Alexis are calculated based on the tax assessed value, often lower than 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, Lincoln County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$1,661
$1,541
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, Lincoln County, North Carolina
Property taxes in Alexis, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alexis is 0.64%, which is lower 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 0.64%, while the same zip code also has the lowest median tax rate of 0.64%. Understanding how these cities compare with Alexis provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alexis Tax Rate
0.64%
Average Lincoln County Tax Rate
0.64%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alexis, Lincoln County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28006 | 0.61% | 0.63% | 0.64% | 0.67% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Alexis, Lincoln County, 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 Lincoln 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 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. Notably, the highest and lowest median tax bills in Alexis share the same value of $1,866, both found in the 28006 zip code.
Property Tax Assessment Values Across Alexis, Lincoln County, North Carolina
Source: Ownwell
$189,260
$444,186
$699,111
Average Alexis Assessed Value
$259,503
Average Lincoln County Assessed Value
$293,422
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alexis, Lincoln County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28006 | $20,870 | $76,615 | $259,503 | $403,583 | $533,016 |
Source: Ownwell
Property Tax Bills Across Alexis, Lincoln County, North Carolina
In Alexis, located in Lincoln County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local property tax rate to compute the annual tax bill. For example, with a median home price of $259,503, homeowners can expect varying tax bills depending on their property’s assessed value and applicable exemptions. Factors that influence the tax bill include the property's location, size, and condition. In Alexis, the tax bill ranges significantly, with the 25th percentile at $942 and the 75th percentile at $2,742, indicating that homeowners with higher-valued properties contribute more in taxes. The highest median tax bill in the area is $1,866, observed in zip code 28006, which aligns with the county's overall trends. These property taxes fund essential local services such as schools, emergency services, and infrastructure, directly impacting the quality of life and property values in the community. Homeowners should be aware of these factors to better understand their tax obligations and potential exemptions.
Average Alexis Tax Bill
$1,866
Average Lincoln County Tax Bill
$2,128
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Alexis, Lincoln County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28006 | $370 | $942 | $1,866 | $2,742 | $3,335 |
Source: Ownwell