La Grange, North Carolina Property Taxes
The median property tax rate in LA GRANGE, NC is 0.83%, slightly higher than the state median of 0.82% but lower than the national median of 0.99%. With the median home value in LA GRANGE, the typical annual property tax bill is $691, which is well below the national median of $2,690. Property taxes in LA GRANGE are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding LA GRANGE'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 LA GRANGE 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
La Grange, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$582
$540
Ownwell’s LA GRANGE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA GRANGE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA GRANGE 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 La Grange, North Carolina
Property taxes in LA GRANGE, North Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA GRANGE is 0.83%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within LA GRANGE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA GRANGE 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 LA GRANGE's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28551 zip code has the highest median property tax rate of 0.83%, while the same zip code also has the lowest median tax rate of 0.83%. Understanding how these cities compare with LA GRANGE provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Grange Tax Rate
0.83%
Average Wayne County Tax Rate
0.85%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Grange, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28551 | 0.78% | 0.82% | 0.83% | 0.86% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across La Grange, North Carolina
In LA GRANGE, NC, 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 Wayne 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. 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 LA GRANGE 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 28551, with a tax bill of $691, while the lowest median tax bill is also $691 in the same zip code.
Property Tax Assessment Values Across La Grange, North Carolina
Source: Ownwell
$21,315
$69,448
$117,580
Average La Grange Assessed Value
$70,115
Average Wayne County Assessed Value
$66,340
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Grange, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28551 | $4,371 | $18,155 | $70,115 | $147,650 | $216,110 |
Source: Ownwell
Property Tax Bills Across La Grange, North Carolina
In La Grange, Wayne County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The local tax rate is then applied to this assessed value to determine the tax bill. For instance, with a median home price of $70,115, the property tax bill can vary significantly. Homeowners in the 25th percentile might see a tax bill around $186, while those in the 75th percentile could face a bill of approximately $1,334. At the 90th percentile, tax bills can reach up to $1,929. These figures reflect the range of property tax burdens that homeowners in La Grange may experience. Compared to the national median property tax rate of 0.99%, the variability in tax bills underscores the importance of understanding local tax policies. This variability can significantly impact homeowners' annual expenses, making it crucial for property owners to stay informed and proactive in managing their property taxes.
Average La Grange Tax Bill
$691
Average Wayne County Tax Bill
$703
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across La Grange, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28551 | $69 | $186 | $691 | $1,334 | $1,929 |
Source: Ownwell