Leasburg, Person County, North Carolina Property Taxes
Median Leasburg, NC effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Leasburg, NC home value: $203,590
Median annual Leasburg, NC tax bill: $1,440, $960 lower than the national median property tax bill of $2,400.
How are property taxes in Person County calculated?
Property taxes in Leasburg, 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 Leasburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Leasburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Leasburg, Person County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.78%
Estimate Property Tax Bill
$1,851
$1,718
Property Tax Rates Across Leasburg, Person County, North Carolina
Local government entities in North Carolina set tax rates, which can vary widely within the state. This variation occurs because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Leasburg, located in Person County, the effective property tax rate is 0.78%, which is lower than the national median property tax rate of 1.02%. This means residents in Leasburg generally pay less in property taxes compared to many other areas in the U.S. However, the rate is consistent with the highest and lowest median tax rates within the region, indicating a uniformity in tax rates across the area. When comparing Leasburg’s effective property tax rate to other cities within North Carolina and the median property tax rate in the U.S., it becomes evident that residents benefit from relatively lower property taxes, contributing to a potentially more affordable cost of living.
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 Leasburg Tax Rate
0.78%
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 Person County Tax Rate
0.78%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Leasburg, Person County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27291 | 0.74% | 0.78% | 0.78% | 0.80% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Leasburg, Person County, North Carolina
When examining property taxes in Leasburg, 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 Person 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 Person 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 Leasburg. For example, the median home price in Leasburg is $203,590, with tax bills ranging significantly across the county. Zip code 27291 has the highest median home price at $203,590.
Property Tax Assessment Values Across Leasburg, Person County, North Carolina
Source: Ownwell
$94,660
$234,358
$374,056
Median Leasburg Market Value
$237,343
Median Person County Market Value
$125,621
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Leasburg, Person County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27291 | $57,162 | $107,988 | $237,343 | $469,033 | $633,140 |
Source: Ownwell
Property Tax Bills Across Leasburg, Person County, North Carolina
Median Leasburg Tax Bill
$1,455
Median Person County Tax Bill
$1,057
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Leasburg, Person County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27291 | $380 | $753 | $1,455 | $3,322 | $4,762 |
Source: Ownwell