Lake Lure, Rutherford County, North Carolina Property Taxes

Name: Property Tax Bills Across Lake Lure, Rutherford County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lake Lure, 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 Lake Lure, NC home value: $268,200
Median annual Lake Lure, NC tax bill: $1,427, $973 lower than the national median property tax bill of $2,400.

How are property taxes in Rutherford calculated?

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

Last Updated March 1, 2025

Lake Lure, Rutherford 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

$1,663

$1,543

Ownwell’s Lake Lure Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Lure with just two data points.

By entering your property's estimated assessed value, our calculator applies Lake Lure’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 Rutherford County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Lure, Rutherford County, North Carolina

Local government entities are responsible for setting property tax rates, and these rates can vary significantly even within a single state. Each year, counties estimate their budgetary needs for public services and divide this by the total assessed value of all taxable properties in their area. This process determines the property tax rate. Although votes and legislation play roles in shaping these rates and budgets, this annual calculation is the core of how property tax rates are established.

In Lake Lure, located in Rutherford County, the effective property tax rate can be compared to other cities within North Carolina, as well as to state and national medians. The median property tax rate in North Carolina is 0.62%, which is significantly lower than the national median property tax rate of 1.02%. This comparison highlights the relatively favorable property tax environment in Lake Lure and Rutherford County. Understanding these differences can be crucial for property owners when considering tax appeal and exemption services.

Property Tax Rates Across Lake Lure, Rutherford County, North Carolina

Source: Ownwell

0.37%

0.49%

0.62%

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 Lake Lure Tax Rate

0.62%

Median Effective Rutherford County Tax Rate

0.45%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Lure, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28746	0.32%	0.42%	0.62%	0.75%	0.99%

Source: Ownwell

Property Tax Assessment Values Across Lake Lure, Rutherford County, North Carolina

When examining property taxes in Lake Lure, 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 Rutherford 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. Assessment notices: In Rutherford 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 Lake Lure. For example, the median home price in Lake Lure is $268,200, with tax bills ranging significantly across the county. 28746 has the highest median home price at $268,200.

Property Tax Assessment Values Across Lake Lure, Rutherford County, North Carolina

Source: Ownwell

$69,600

$168,900

$268,200

Median Lake Lure Market Value

$268,200

Median Rutherford County Market Value

$123,100

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Lure, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28746	$70,650	$134,525	$268,200	$587,075	$978,050

Source: Ownwell

Property Tax Bills Across Lake Lure, Rutherford County, North Carolina

In Lake Lure, located in Rutherford County, NC, property tax bills are determined by the assessed value of a home and the local tax rate. The median home price in this area is $268,200, which influences the tax bill significantly. Homeowners in Lake Lure experience a range of property tax bills, with the 25th percentile at $610 and the 75th percentile reaching $3,816. The tax bill can climb as high as $6,605 at the 90th percentile. Compared to the national median property tax bill of $2,400, Lake Lure's tax bills can vary widely, but the highest median tax bill in the area is $1,427.

Factors such as changes in property value and local government budgets can impact the tax bill, affecting homeowners' finances. Ownwell offers services to help homeowners in Lake Lure potentially reduce their property tax bills by appealing assessments and securing exemptions. By analyzing property assessments and market data, Ownwell can identify opportunities for savings, providing valuable assistance in navigating the complexities of property tax regulations.

Property Tax Bills Across Lake Lure, Rutherford County, North Carolina

Source: Ownwell

$333

$1,012

$1,690

Median Lake Lure Tax Bill

$1,427

Median Rutherford County Tax Bill

$516

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Lure, Rutherford County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28746	$362	$610	$1,427	$3,816	$6,605

Source: Ownwell