Seven Springs, Lenoir County, North Carolina Property Taxes

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

Median SEVEN SPRINGS, 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 SEVEN SPRINGS, NC home value: $63,163
Median annual SEVEN SPRINGS, NC tax bill: $615, $1,785 lower than the national median property tax bill of $2,400.

How are property taxes in Lenoir calculated?

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

Last Updated March 1, 2025

Seven Springs, Lenoir County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.95%

Estimate Property Tax Bill

$600

$557

Ownwell’s Seven Springs Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Seven Springs with just two data points. By entering your property's estimated assessed value, our calculator applies Seven Springs’ 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 Lenoir County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Seven Springs, Lenoir County, North Carolina

Local government entities determine tax rates, and these can differ significantly within a state. This variation occurs because each county annually calculates its budgetary needs to provide essential services and then divides this by the total value of all taxable property within its borders. This process determines the property tax rate. Although votes and legislation play a role in establishing these rates and budgets, this is essentially how the process unfolds each year.

In Seven Springs, located in Wayne County, NC, the effective property tax rate is a key figure for comparison. When looking at the median property tax rate in North Carolina, it stands slightly below the national median, offering a relatively favorable tax environment. While the national median property tax rate is 1.02%, North Carolina's median is 0.95%, providing a slight advantage to property owners in the state. This comparison highlights the potential for savings on property taxes in Seven Springs, making it an attractive location for homeowners seeking to reduce their tax burden.

Property Tax Rates Across Seven Springs, Lenoir County, North Carolina

Source: Ownwell

0.90%

1.26%

1.61%

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 Seven Springs Tax Rate

0.95%

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 Seven Springs, Lenoir County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28578	0.73%	0.89%	0.95%	1.03%	1.11%

Source: Ownwell

Property Tax Assessment Values Across Seven Springs, Lenoir County, North Carolina

When examining property taxes in Seven Springs, 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 Seven Springs. For example, the median home price in Seven Springs is $63,163, with tax bills ranging significantly across the county. Zip code 28578 has the highest median home price at $63,163.

Property Tax Assessment Values Across Seven Springs, Lenoir County, North Carolina

Source: Ownwell

$41,983

$72,309

$102,634

Median Seven Springs Market Value

$63,163

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 Seven Springs, Lenoir County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28578	$17,745	$37,448	$63,163	$108,874	$156,528

Source: Ownwell

Property Tax Bills Across Seven Springs, Lenoir County, North Carolina

In Seven Springs, NC, located in Lenoir County, property tax bills are calculated based on the assessed value of a home. This assessment reflects the market value of the property, and the tax rate is applied to this assessed value to determine the tax bill. The median home price in Seven Springs is $63,163, resulting in a median tax bill of approximately $615, which is significantly lower than the national median property tax bill of $2,400. Factors such as local government budgets and public service funding needs can influence the tax rate, impacting homeowners differently. For instance, while some homeowners may pay as little as $376, others might see tax bills as high as $1,419. Ownwell assists homeowners by providing expert property tax appeal services, ensuring that they are not overpaying. By analyzing local market data and property assessments, Ownwell can help homeowners potentially reduce their property tax bills, offering significant savings and financial relief.

Property Tax Bills Across Seven Springs, Lenoir County, North Carolina

Source: Ownwell

$578

$763

$948

Median Seven Springs Tax Bill

$615

Median Lenoir County Tax Bill

$738

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Seven Springs, Lenoir County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28578	$158	$376	$615	$987	$1,419

Source: Ownwell