Littleton, North Carolina Property Taxes
The median property tax rate in Littleton, NC is 0.89%, slightly lower than the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Littleton at $316,696, the typical annual property tax bill reaches $2,735, which is just below the national median of $2,690. Property taxes in Littleton are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Littleton'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 Littleton 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
Littleton, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$2,819
$2,616
Ownwell’s Littleton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Littleton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Littleton 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 Littleton, North Carolina
Property taxes in Littleton, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Littleton is 0.89%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Littleton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Littleton 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 Littleton's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27850 zip code has the highest median property tax rate of 0.89%, while the 27850 zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Littleton provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Littleton Tax Rate
0.89%
Average Warren County Tax Rate
0.98%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Littleton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27850 | 0.83% | 0.87% | 0.89% | 0.97% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Littleton, North Carolina
In Littleton, 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 Warren 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 Littleton, 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 Littleton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Littleton is $2735.00 in zip code 27850, while the lowest median tax bill is also $2735.00 in the same zip code.
Property Tax Assessment Values Across Littleton, North Carolina
Source: Ownwell
$55,281
$200,953
$346,624
Average Littleton Assessed Value
$316,696
Average Warren County Assessed Value
$84,230
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Littleton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27850 | $49,836 | $99,547 | $316,696 | $475,682 | $609,323 |
Source: Ownwell
Property Tax Bills Across Littleton, North Carolina
In Littleton, Warren County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The tax rate is applied to this assessed value to calculate the annual property tax bill. For example, with a median home price of $316,696, homeowners can expect varying tax bills depending on their property's assessed value and specific circumstances. Factors influencing the tax bill include property size, location, and any applicable exemptions or deductions. In Littleton, the 25th percentile tax bill is $942, while the 75th percentile reaches $4,140, and the 90th percentile climbs to $5,322. The highest median tax bill in the area is $2,735, found in the 27850 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Littleton may find their tax bills higher or lower depending on these factors. Understanding how these elements come together helps homeowners anticipate their annual property tax responsibilities and plan accordingly.
Average Littleton Tax Bill
$2,735
Average Warren County Tax Bill
$857
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Littleton, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27850 | $499 | $942 | $2,735 | $4,140 | $5,322 |
Source: Ownwell