Sherrills Ford, Lincoln County, North Carolina Property Taxes

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

Median Sherrills Ford, NC effective property tax rate: 0.62%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Sherrills Ford, NC home value: $699,111
Median annual Sherrills Ford, NC tax bill: $4,336, $1,936 higher than the national median property tax bill of $2,400.

How are property taxes in Lincoln calculated?

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

Last Updated March 1, 2025

Sherrills Ford, Lincoln County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.62%

Estimate Property Tax Bill

$4,404

$4,087

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

Property Tax Rates Across Sherrills Ford, Lincoln County, North Carolina

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs because each year, counties estimate their required budget for services and divide it by the total value of all taxable property in their area, resulting in the property tax rate. While the process involves votes and laws to set these rates and budgets, this is the core of how it works annually.

In Sherrills Ford, located in Lincoln County, North Carolina, the effective property tax rate is 0.62%. This rate is notably lower than the national median property tax rate of 1.02%. When compared to other cities in North Carolina, Sherrills Ford maintains a competitive edge with its lower tax rate. This can be an attractive factor for property owners considering relocation or investment, as it signifies potential savings on property taxes. Understanding these nuances in property tax rates can be crucial for making informed decisions about property investments and ownership.

Property Tax Rates Across Sherrills Ford, Lincoln County, North Carolina

Source: Ownwell

0.62%

0.65%

0.68%

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 Sherrills Ford Tax Rate

0.62%

Median Effective Lincoln County Tax Rate

0.64%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Sherrills Ford, Lincoln County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28673	0.61%	0.62%	0.62%	0.63%	0.64%

Source: Ownwell

Property Tax Assessment Values Across Sherrills Ford, Lincoln County, North Carolina

When examining property taxes in Sherrills Ford, 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 Lincoln County Tax Office 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. Assessment notices: In Lincoln 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 Sherrills Ford. For example, the median home price in Sherrills Ford is $699,111, with tax bills ranging significantly across the county. Zip code 28673 has the highest median home price at $699,111.

Property Tax Assessment Values Across Sherrills Ford, Lincoln County, North Carolina

Source: Ownwell

$212,299

$461,328

$710,357

Median Sherrills Ford Market Value

$710,357

Median Lincoln County Market Value

$317,838

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Sherrills Ford, Lincoln County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28673	$369,651	$486,858	$710,357	$899,889	$1,217,907

Source: Ownwell

Property Tax Bills Across Sherrills Ford, Lincoln County, North Carolina

In Sherrills Ford, located in Lincoln County, NC, property tax bills are determined by the assessed value of a home combined with the local tax rate. With a median home price of $699,111, homeowners in this area face property tax bills that can vary significantly. The 25th percentile tax bill is $2,881, while the 75th percentile reaches $5,705, and the 90th percentile climbs to $6,915. This range reflects the diverse property values and tax rates within the community. Compared to the national median property tax bill of $2,400, homeowners in Sherrills Ford often pay more, influenced by the higher median home prices and local tax policies. The financial impact on homeowners can be substantial, affecting their overall housing costs. To alleviate this burden, Ownwell offers expert property tax appeal and exemption services, helping homeowners potentially lower their tax bills. By leveraging local expertise and a thorough understanding of tax regulations, Ownwell assists homeowners in navigating the complexities of property taxes, ensuring they pay only their fair share.

Property Tax Bills Across Sherrills Ford, Lincoln County, North Carolina

Source: Ownwell

$1,534

$2,969

$4,403

Median Sherrills Ford Tax Bill

$4,403

Median Lincoln County Tax Bill

$2,297

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Sherrills Ford, Lincoln County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28673	$2,349	$3,056	$4,403	$5,546	$7,464

Source: Ownwell