Laurel Springs, Alleghany County, North Carolina Property Taxes
Median Laurel Springs, NC effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, and also lower than the North Carolina state median of 0.82%.
Median Laurel Springs, NC home value: $150,200
Median annual Laurel Springs, NC tax bill: $990, $1,410 lower than the national median property tax bill of $2,400.
How are property taxes in Alleghany calculated?
Property taxes in Laurel Springs, 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 Laurel Springs’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Laurel Springs, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Laurel Springs, Alleghany County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$1,091
$1,012
Property Tax Rates Across Laurel Springs, Alleghany County, North Carolina
Local government entities determine property tax rates, which can differ significantly within a state. The variation arises because each year, counties calculate the budget needed to fund local services. This budget is then divided by the total assessed value of all taxable properties within the county, resulting in the property tax rate. While the process involves votes and legislation, this annual calculation is the fundamental method used to set these rates.
You can compare Laurel Springs’ effective property tax rate to those of other cities in North Carolina, as well as to the median property tax rates in North Carolina and across the United States. In North Carolina, the median property tax rate is 0.72%, which is below the national median of 1.02%. This means that property owners in Laurel Springs generally benefit from lower property tax rates compared to the national average. Understanding these differences can help property owners make informed decisions about property investments and tax appeals.
Property Tax Rates Across Laurel Springs, Alleghany County, North Carolina
Source: Ownwell
0.68%
0.71%
0.74%
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 Laurel Springs Tax Rate
0.72%
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 Alleghany County Tax Rate
0.70%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Laurel Springs, Alleghany County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28644 | 0.42% | 0.67% | 0.72% | 0.76% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Laurel Springs, Alleghany County, North Carolina
When examining property taxes in Laurel Springs, 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 Alleghany 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 Alleghany 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 Laurel Springs. For example, the median home price in Laurel Springs is $150,200, with tax bills ranging significantly across the county. Zip code 28644 has the highest median home price at $150,200.
Property Tax Assessment Values Across Laurel Springs, Alleghany County, North Carolina
Source: Ownwell
$111,100
$166,000
$220,900
Median Laurel Springs Market Value
$151,500
Median Alleghany County Market Value
$158,600
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Laurel Springs, Alleghany County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28644 | $56,140 | $95,500 | $151,500 | $254,100 | $388,860 |
Source: Ownwell
Property Tax Bills Across Laurel Springs, Alleghany County, North Carolina
In Laurel Springs, NC, property tax bills are determined by the assessed value of a home, which is based on its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Alleghany County, where Laurel Springs is located, typically see a median property tax bill of $990, which is significantly lower than the national median of $2400. Tax bills can vary widely, with some homeowners paying as little as $680 and others up to $2058, depending on their property's assessed value and location within the county.
For homeowners, this tax bill represents a significant portion of their annual expenses. However, Ownwell can assist homeowners in reducing their property tax bills by providing expert property tax appeal and exemption services. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners ensure they are not overpaying on their taxes. This service can lead to substantial savings, allowing homeowners to better manage their financial obligations.
Property Tax Bills Across Laurel Springs, Alleghany County, North Carolina
Source: Ownwell
$828
$1,149
$1,469
Median Laurel Springs Tax Bill
$1,016
Median Alleghany County Tax Bill
$1,056
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Laurel Springs, Alleghany County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28644 | $432 | $698 | $1,016 | $1,517 | $2,172 |
Source: Ownwell