Lowland, North Carolina Property Taxes
The median property tax rate in Lowland, NC is 0.69%, which is lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Lowland at $53,718, the typical annual property tax bill amounts to $368, significantly below the national median of $2,690. Property taxes in Lowland are calculated based on the tax assessed value, often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Lowland'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 Lowland or another part of Pamlico County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lowland, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$371
$344
Ownwell’s Lowland Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lowland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lowland to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in trends at a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by Pamlico County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Lowland, North Carolina
Property taxes in Lowland, North Carolina, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Lowland is 0.69%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Lowland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lowland 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 Lowland's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28552 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Lowland provides valuable insights into the varying tax landscape across Pamlico County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lowland Tax Rate
0.69%
Average Pamlico County Tax Rate
0.69%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lowland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28552 | 0.68% | 0.68% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Lowland, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lowland, NC. 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 Pamlico 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 Lowland, 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 example, the median home price in Lowland is $53,718, with tax bills ranging from $180 at the 25th percentile to $877 at the 90th percentile. The highest median tax bill is $368 in the 28552 zip code, which is also the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lowland Assessed Value
$53,718
Average Pamlico County Assessed Value
$145,305
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lowland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28552 | $15,137 | $28,005 | $53,718 | $84,194 | $123,979 |
Source: Ownwell
Property Tax Bills Across Lowland, North Carolina
Property tax bills in Lowland, Pamlico County, NC, are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value typically reflects a percentage of the property's market value. In Lowland, the median home price is $53,718, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Lowland face varying tax bills, with the 25th percentile tax bill at $180 and the 75th percentile reaching $568. The 90th percentile tax bill can go up to $877, indicating a range of tax burdens depending on property specifics. Comparatively, the median property tax bill in Lowland is $368, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can be advantageous for homeowners, potentially making property ownership more affordable in this region.
Average Lowland Tax Bill
$368
Average Pamlico County Tax Bill
$1,045
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Lowland, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28552 | $104 | $180 | $368 | $568 | $877 |
Source: Ownwell