Landis, North Carolina Property Taxes
The median property tax rate in Landis, NC is 1.07%, which is higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $202,232 in Landis, the typical annual property tax bill amounts to $2,141, slightly below the national median of $2,690. Property taxes in Landis are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Landis'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 Landis or another part of Rowan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Landis, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$2,164
$2,008
Ownwell’s Landis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Landis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Landis 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 Landis, North Carolina
Property taxes in Landis, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Landis is 1.07%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Landis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Landis 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 Landis's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28088 zip code has the highest median property tax rate of 1.07%, while the 28088 zip code also has the lowest median tax rate of 1.07%. Understanding how these cities compare with Landis provides valuable insights into the varying tax landscape across Rowan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Landis Tax Rate
1.07%
Average Rowan County Tax Rate
0.68%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Landis, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28088 | 1.07% | 1.07% | 1.07% | 1.07% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Landis, North Carolina
In Landis, 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 Rowan 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 Landis, 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 Landis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 28088 at $2,141, which is above the national median property tax rate of 0.99%.
Average Landis Assessed Value
$202,232
Average Rowan County Assessed Value
$187,326
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Landis, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28088 | $99,114 | $134,440 | $202,232 | $279,514 | $360,838 |
Source: Ownwell
Property Tax Bills Across Landis, North Carolina
In Landis, Rowan County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $202,232, homeowners in Landis can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $1,365, while the 75th percentile tax bill reaches up to $2,964. Homeowners at the 90th percentile face tax bills as high as $3,840. These figures are influenced by various factors, including the size and location of the property, improvements made, and market conditions. The local tax rate plays a crucial role in determining the final bill, impacting homeowners' annual financial commitments. Compared to the national median property tax rate of 0.99%, Landis residents experience a range of tax burdens, reflecting the diverse property values and local economic conditions.
Average Landis Tax Bill
$2,141
Average Rowan County Tax Bill
$1,628
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Landis, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28088 | $909 | $1,365 | $2,141 | $2,964 | $3,840 |
Source: Ownwell