Scotland County Property Taxes
The median property tax rate in Scotland County is 1.11%, which is significantly higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Scotland County, the typical annual property tax bill reaches $594, which is well below the national median of $2,690. Property taxes in Scotland County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Scotland County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Laurinburg or another part of Scotland County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Scotland County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$603
$560
Ownwell’s Scotland County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Scotland County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Scotland County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Scotland County, North Carolina
Property taxes in Scotland County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Scotland County is 1.11%, which is higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Scotland County set these rates annually, and they can vary significantly between different areas within the county. Each year, Scotland County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Scotland County's effective property tax rate with other counties in North Carolina and the national median. For comparison, the city of Hamlet has one of the higher property tax rates in North Carolina at 1.25%, while the city of Laurinburg boasts one of the lowest at 1.09%. Analyzing how Scotland County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Scotland County Tax Rate
1.11%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scotland County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gibson | 0.78% | 1.04% | 1.23% | 1.77% | 1.94% |
| Hamlet | 0.97% | 1.08% | 1.25% | 1.78% | 2.25% |
| Laurel Hill | 0.95% | 1.04% | 1.19% | 1.43% | 2.14% |
| Laurinburg | 0.97% | 1.04% | 1.09% | 1.19% | 1.40% |
| Marston | 0.91% | 1.06% | 1.19% | 1.49% | 2.13% |
| Maxton | 0.68% | 1.03% | 1.09% | 1.21% | 1.87% |
| Wagram | 0.86% | 1.07% | 1.18% | 1.71% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Scotland County, North Carolina
In Scotland County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Scotland County Appraisal District. The assessed value, however, 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 in Scotland County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the highest median tax bill in the county is in Wagram at $690, while Hamlet has the lowest at $330. Being aware of these valuation processes in Scotland County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Scotland County, North Carolina
Source: Ownwell
$24,600
$54,843
$85,085
Average Scotland County Assessed Value
$54,325
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Scotland County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gibson | $9,158 | $17,300 | $43,270 | $72,860 | $130,440 |
| Hamlet | $7,000 | $10,160 | $24,600 | $59,690 | $79,424 |
| Laurel Hill | $7,772 | $12,978 | $40,400 | $66,512 | $108,595 |
| Laurinburg | $11,590 | $31,578 | $60,430 | $109,108 | $169,152 |
| Marston | $8,000 | $14,380 | $40,350 | $68,010 | $103,630 |
| Maxton | $11,595 | $39,575 | $65,120 | $114,890 | $139,437 |
| Wagram | $9,039 | $25,020 | $54,890 | $131,118 | $244,537 |
Source: Ownwell
Property Tax Bills Across Scotland County, North Carolina
In Scotland County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Scotland County experience varying tax bills, influenced by factors such as property location, size, and market conditions. For instance, the median home price in Scotland County is $54,325. Tax bills in the county range significantly, with the 25th percentile at $295, the 75th percentile at $1,044, and the 90th percentile reaching $1,692. Comparatively, the highest median tax bill is found in Wagram at $690, while Hamlet has the lowest at $330. These property taxes fund essential public services, including schools, infrastructure, and emergency services. Homeowners must budget for these taxes, which can impact overall housing affordability. Given the national median property tax rate of 0.99%, Scotland County's property tax rates and resulting bills can be seen as relatively moderate, providing a balanced approach to funding local services without overly burdening homeowners.
Average Scotland County Tax Bill
$594
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Scotland County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gibson | $131 | $233 | $544 | $927 | $1,577 |
| Hamlet | $115 | $180 | $330 | $585 | $851 |
| Laurel Hill | $124 | $205 | $441 | $735 | $1,138 |
| Laurinburg | $179 | $337 | $638 | $1,113 | $1,706 |
| Marston | $137 | $213 | $442 | $771 | $1,137 |
| Maxton | $203 | $402 | $685 | $1,182 | $1,414 |
| Wagram | $158 | $296 | $690 | $1,483 | $2,536 |
Source: Ownwell