Deep Run, Lenoir County, North Carolina Property Taxes
Median DEEP RUN, NC effective property tax rate: 0.94%, slightly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median DEEP RUN, NC home value: $64,262
Median annual DEEP RUN, NC tax bill: $616, $1,784 lower than the national median property tax bill of $2,400.
How are property taxes in Lenoir calculated?
Property taxes in DEEP RUN, 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 DEEP RUN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in DEEP RUN, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Deep Run, Lenoir County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.94%
Estimate Property Tax Bill
$604
$561
Property Tax Rates Across Deep Run, Lenoir County, North Carolina
Local government entities are responsible for setting property tax rates, which can differ significantly across regions within a state. Each year, counties like Lenoir in North Carolina calculate their necessary budget to fund public services and divide this by the total value of all taxable properties in the area. This process determines the property tax rate. Although the establishment of tax rates and budgets involves votes and legislation, this annual procedure is the essence of how property taxes are structured.
In Deep Run, located in Lenoir County, the effective property tax rate is 0.94%, which aligns with the county's median rate. This rate is slightly below the national median property tax rate of 1.02%. Homeowners in Deep Run benefit from a relatively lower tax burden compared to the national average, potentially resulting in more manageable annual tax bills. When comparing Deep Run's property tax rate to other cities in North Carolina, it remains consistent with the median rate for the state, offering residents a stable and predictable tax environment.
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 Deep Run Tax Rate
0.94%
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 Lenoir County Tax Rate
1.07%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Deep Run, Lenoir County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28525 | 0.76% | 0.90% | 0.94% | 1.04% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Deep Run, Lenoir County, North Carolina
When examining property taxes in Deep Run, 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 Lenoir 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 Lenoir 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 Deep Run.
For example, the median home price in Deep Run is $64,262, with tax bills ranging significantly across the county. Zip code 28525 has the highest median home price at $64,262.
Property Tax Assessment Values Across Deep Run, Lenoir County, North Carolina
Source: Ownwell
$41,983
$72,309
$102,634
Median Deep Run Market Value
$64,262
Median Lenoir County Market Value
$66,089
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Deep Run, Lenoir County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28525 | $15,652 | $35,808 | $64,262 | $113,321 | $168,074 |
Source: Ownwell
Property Tax Bills Across Deep Run, Lenoir County, North Carolina
Median Deep Run Tax Bill
$616
Median Lenoir County Tax Bill
$738
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Deep Run, Lenoir County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28525 | $148 | $369 | $616 | $1,013 | $1,444 |
Source: Ownwell