New London, Rowan County, North Carolina Property Taxes

Name: Property Tax Bills Across New London, Rowan County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median New London, NC effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median New London, NC home value: $43,240
Median annual New London, NC tax bill: $281, $2,119 lower than the national median property tax bill of $2,400.

How are property taxes in Rowan calculated?

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

Last Updated March 1, 2025

New London, Rowan County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$281

$261

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

Property Tax Rates Across New London, Rowan County, North Carolina

Local government entities determine tax rates, which can significantly differ within a state. Each year, counties calculate their required budget to fund public services and then divide this by the total value of all taxable properties in their area. This process determines the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is the basic annual procedure.

In New London, located in Stanly County, North Carolina, the effective property tax rate can be compared to other cities within the state and to national figures. With a median property tax rate of 0.62%, New London offers a more affordable option compared to the national median of 1.02%. This lower rate can result in significant savings for property owners when compared to the national median property tax bill of $2,400.

Understanding these rates and how they compare can help residents and potential homeowners make informed decisions about property investments and financial planning.

Property Tax Rates Across New London, Rowan County, North Carolina

Source: Ownwell

0.66%

0.95%

1.24%

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 New London Tax Rate

0.65%

Median Effective Rowan County Tax Rate

0.68%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New London, Rowan County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28127	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across New London, Rowan County, North Carolina

When examining property taxes in New London, 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 Rowan County Tax Assessor 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 Rowan 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 New London. For example, the median home price in New London is $43,240, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across New London, Rowan County, North Carolina

Source: Ownwell

$133,810

$404,798

$675,786

Median New London Market Value

$43,240

Median Rowan County Market Value

$188,788

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across New London, Rowan County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28127	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across New London, Rowan County, North Carolina

In New London, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $43,240, homeowners in New London can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $245, while the 75th percentile reaches $955, illustrating a range influenced by property values and specific neighborhood assessments. Compared to the national median property tax bill of $2,400, New London's figures are considerably lower, offering some relief to homeowners. However, even with lower tax rates, the financial impact can still be significant for many. Factors such as changes in assessed property values or local tax rate adjustments can influence the final bill. This is where Ownwell steps in to assist homeowners. By providing expert property tax appeal and exemption services, Ownwell helps ensure that homeowners are not overpaying on their taxes, potentially saving them hundreds of dollars annually and offering peace of mind in managing their property expenses.

Property Tax Bills Across New London, Rowan County, North Carolina

Source: Ownwell

$1,097

$2,838

$4,578

Median New London Tax Bill

$281

Median Rowan County Tax Bill

$1,644

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across New London, Rowan County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28127	N/A	N/A	N/A	N/A	N/A

Source: Ownwell