Laurel Park, Henderson County, North Carolina Property Taxes
Median Laurel Park, NC effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Laurel Park, NC home value: $10,000
Median annual Laurel Park, NC tax bill: $57, $2,343 lower than the national median property tax bill of $2,400.
How are property taxes in Henderson County calculated?
Property taxes in Laurel Park, 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 Laurel Park’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Laurel Park, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Laurel Park, Henderson County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.57%
Estimate Property Tax Bill
$57
$53
Property Tax Rates Across Laurel Park, Henderson County, North Carolina
Local government entities are responsible for setting property tax rates, and these can differ significantly within a state. Each county, such as Henderson County in North Carolina, determines its budgetary needs annually. This budget is then divided by the total assessed value of all taxable properties within the county's jurisdiction, resulting in the property tax rate. Although the process involves votes and legislation, this annual calculation is at the core of how property tax rates are established.
In Laurel Park, located in Henderson County, the effective property tax rate is 0.57%. This rate is consistent with the highest and lowest median tax rates within the county, highlighting a uniformity not always seen in other regions. When compared to the national median property tax rate of 1.02%, Laurel Park's rate is significantly lower, offering a more affordable option for homeowners in terms of property tax expenses. In comparison to the national median property tax bill of $2400, residents in Laurel Park benefit from a lower financial burden, making it an attractive location for those seeking to minimize property tax costs.
Property Tax Rates Across Laurel Park, Henderson County, North Carolina
Source: Ownwell
0.36%
0.46%
0.57%
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 Laurel Park Tax Rate
0.57%
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 Henderson County Tax Rate
0.44%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Laurel Park, Henderson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28739 | 0.56% | 0.57% | 0.57% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Laurel Park, Henderson County, North Carolina
When examining property taxes in Laurel Park, 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 Henderson 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 Henderson 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 Laurel Park. For example, the median home price in Laurel Park is $10,000, with tax bills ranging significantly across the county. Zip code 28739 has the highest median home price at $10,000.
Property Tax Assessment Values Across Laurel Park, Henderson County, North Carolina
Source: Ownwell
$10,000
$189,000
$368,000
Median Laurel Park Market Value
$10,000
Median Henderson County Market Value
$308,800
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Laurel Park, Henderson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28739 | $10,000 | $10,000 | $10,000 | $10,000 | $49,050 |
Source: Ownwell
Property Tax Bills Across Laurel Park, Henderson County, North Carolina
In Laurel Park, located in Henderson County, NC, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Laurel Park, the tax bill can vary significantly. At the 25th and 75th percentiles, homeowners see a tax bill of $57, while those at the 90th percentile face a $273 bill. These figures are notably lower than the national median property tax bill of $2400, providing some relief to local homeowners.
Homeowners in Laurel Park can benefit significantly from appealing their property tax assessments. Ownwell offers expert property tax appeal services, helping homeowners ensure their assessed value truly reflects the market value. By leveraging local market data and expertise, Ownwell can identify potential savings and guide homeowners through the appeal process. This service can lead to substantial savings, reducing the financial burden of property taxes and ensuring fair taxation for homeowners.
Median Laurel Park Tax Bill
$57
Median Henderson County Tax Bill
$1,336
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Laurel Park, Henderson County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28739 | $57 | $57 | $57 | $57 | $273 |
Source: Ownwell