Lenoir, Watauga County, North Carolina Property Taxes
Median Lenoir, NC effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Lenoir, NC home value: $255,200
Median annual Lenoir, NC tax bill: $1,099, $1,301 lower than the national median property tax bill of $2,400.
How are property taxes in Watauga calculated?
Property taxes in Lenoir, 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 Lenoir’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lenoir, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lenoir, Watauga County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.42%
Estimate Property Tax Bill
$1,084
$1,006
Property Tax Rates Across Lenoir, Watauga County, North Carolina
Local government entities are responsible for setting tax rates, which can differ significantly even within the same state. This is because each county annually estimates the budget required to provide services and then divides that amount by the total value of all taxable properties within its jurisdiction. This calculation determines the property tax rate. While the process involves votes and laws to establish tax rates and budgets, this annual procedure essentially defines how rates are set.
Lenoir in Watauga County, North Carolina, presents an interesting case for property tax rates. The effective property tax rate in Lenoir is notably lower than both the North Carolina median and the national median property tax rates. This makes it an attractive location for homeowners seeking lower property tax obligations. Comparatively, North Carolina's median property tax rate is also below the national median, offering a more favorable tax environment for property owners in the state. Understanding these differences can help property owners make informed decisions about where to invest in real estate.
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 Lenoir Tax Rate
0.42%
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 Watauga County Tax Rate
0.41%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lenoir, Watauga County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28645 | 0.32% | 0.37% | 0.42% | 0.44% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Lenoir, Watauga County, North Carolina
When examining property taxes in Lenoir, 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 Watauga 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 Watauga 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 Lenoir.
For example, the median home price in Lenoir is $255,200, with tax bills ranging significantly across the county. Zip code 28645 has the highest median home price at $255,200.
Property Tax Assessment Values Across Lenoir, Watauga County, North Carolina
Source: Ownwell
$202,900
$335,450
$468,000
Median Lenoir Market Value
$258,050
Median Watauga County Market Value
$327,700
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lenoir, Watauga County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28645 | $65,970 | $126,150 | $258,050 | $451,500 | $618,540 |
Source: Ownwell
Property Tax Bills Across Lenoir, Watauga County, North Carolina
In Lenoir, located in Watauga County, NC, property tax bills are calculated based on the assessed value of a home. The tax rate is applied to this assessed value to determine the annual property tax bill. With a median home price of $255,200, homeowners in Lenoir typically encounter a tax bill that varies significantly, ranging from $569 at the 25th percentile to $2,447 at the 90th percentile. The highest and lowest median tax bills in the area are both recorded at $1,099, which is below the national median property tax bill of $2,400.
Factors such as property location, improvements, and local tax rates influence the overall tax bill. High property taxes can be a burden for homeowners, but Ownwell steps in to assist by offering property tax appeal and exemption services. By leveraging their expertise, Ownwell can help homeowners challenge their assessments and potentially lower their tax bills, thus providing significant savings and easing the financial strain associated with property ownership.
Median Lenoir Tax Bill
$1,118
Median Watauga County Tax Bill
$1,552
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Lenoir, Watauga County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28645 | $322 | $621 | $1,118 | $1,805 | $2,478 |
Source: Ownwell