Lexington, Avery County, North Carolina Property Taxes

Name: Property Tax Bills Across Lexington, Avery County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lexington, NC effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median Lexington, NC home value: $4,000
Median annual Lexington, NC tax bill: $16, $2,384 lower than the national median property tax bill of $2,400.

How are property taxes in Avery calculated?

Property taxes in Lexington, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Lexington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lexington, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lexington, Avery County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

Estimate Property Tax Bill

$80

$74

Ownwell’s Lexington Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lexington with just two data points. By entering your property's estimated assessed value, our calculator applies Lexington’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Avery. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lexington, Avery County, North Carolina

Local government entities set tax rates, which can vary widely within a state. This variation is due to the fact that each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Lexington, located in Davidson County, North Carolina, the effective property tax rate offers a unique glimpse into the local tax landscape. Davidson County's effective property tax rate is 0.69%, which is notably lower than the national median property tax rate of 1.02%. The median property tax bill in this region is $1,089, significantly less than the national median property tax bill of $2,400. This makes Lexington an attractive option for property owners seeking lower tax burdens. Comparing Lexington's effective property tax rate to other cities in North Carolina and the median property tax rates in the state and the U.S. can provide valuable insights for potential property buyers and current homeowners.

Property Tax Rates Across Lexington, Avery County, North Carolina

Source: Ownwell

0.18%

0.29%

0.40%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Avery County Tax Rate

0.40%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lexington, Avery County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
40509	N/A	N/A	N/A	N/A	N/A
40515	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Lexington, Avery County, North Carolina

When examining property taxes in Lexington, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Avery County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Avery County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lexington. For example, the median home price in Lexington is $4,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Lexington, Avery County, North Carolina

Source: Ownwell

$2,200

$375,325

$748,450

Median Lexington Market Value

$4,000

Median Avery County Market Value

$127,900

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lexington, Avery County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
40509	N/A	N/A	N/A	N/A	N/A
40515	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Lexington, Avery County, North Carolina

In Lexington, NC, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Lexington, the median property tax bill is notably lower than the national median, reflecting a more affordable tax environment for homeowners. Factors influencing this calculation include the property's location, size, and any improvements made. For homeowners in Lexington, this means that while their tax bills are relatively low, they must still ensure their property is accurately assessed to avoid overpayment.

Ownwell can assist homeowners by providing expert property tax appeal services, ensuring that property assessments are fair and accurate. By analyzing market trends and comparable property values, Ownwell helps identify discrepancies in assessments, potentially leading to significant savings on property tax bills. With Ownwell's assistance, homeowners can navigate the complexities of property tax appeals with confidence, ensuring they only pay what is necessary.

Property Tax Bills Across Lexington, Avery County, North Carolina

Source: Ownwell

$1,488

$2,966

Median Avery County Tax Bill

$517

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Lexington, Avery County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
40509	N/A	N/A	N/A	N/A	N/A
40515	N/A	N/A	N/A	N/A	N/A

Source: Ownwell