Louisburg, Franklin County, North Carolina Property Taxes
Median Louisburg, NC effective property tax rate: 0.95%, slightly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Louisburg, NC home value: $118,590
Median annual Louisburg, NC tax bill: $1,131, $1,269 lower than the national median property tax bill of $2,400.
How are property taxes in Franklin County calculated?
Property taxes in Louisburg, 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 Louisburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Louisburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Louisburg, Franklin County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$1,127
$1,045
Property Tax Rates Across Louisburg, Franklin County, North Carolina
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 Louisburg Tax Rate
0.95%
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 Franklin County Tax Rate
0.94%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Louisburg, Franklin County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27549 | 0.84% | 0.91% | 0.95% | 1.02% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Louisburg, Franklin County, North Carolina
When examining property taxes in Louisburg, 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 Franklin 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 Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Louisburg.
For example, the median home price in Louisburg is $118,590, with tax bills ranging significantly across the county. Zip code 27549 has the highest median home price at $118,590.
Property Tax Assessment Values Across Louisburg, Franklin County, North Carolina
Source: Ownwell
$62,626
$154,138
$245,650
Median Louisburg Market Value
$118,590
Median Franklin County Market Value
$157,340
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Louisburg, Franklin County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27549 | $32,270 | $73,590 | $118,590 | $187,300 | $274,686 |
Source: Ownwell
Property Tax Bills Across Louisburg, Franklin County, North Carolina
In Louisburg, property tax bills are calculated based on the assessed value of a home, which is determined by the Franklin County tax assessor. The assessed value considers factors such as the home's size, location, and market conditions. Homeowners in Louisburg face a property tax bill that varies significantly, with the 25th percentile at $718 and the 75th percentile reaching $1,743. The 90th percentile tax bill can go up to $2,467, which is above the national median of $2,400. This variation can significantly impact homeowners' finances, especially for those on a fixed income or with rising property values.
Ownwell offers a valuable service by helping homeowners in Louisburg appeal their property tax assessments, potentially reducing their tax bills. By leveraging expertise in local property tax laws and market trends, Ownwell can identify discrepancies in assessments and file appeals on behalf of homeowners. This process can lead to substantial savings, ensuring homeowners are not overpaying on their property taxes and can allocate their resources more effectively.
Median Louisburg Tax Bill
$1,131
Median Franklin County Tax Bill
$1,492
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Louisburg, Franklin County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27549 | $312 | $718 | $1,131 | $1,743 | $2,467 |
Source: Ownwell