Laurel Springs, Ashe County, North Carolina Property Taxes
Median Laurel Springs, NC effective property tax rate: 0.51%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Laurel Springs, NC home value: $219,000
Median annual Laurel Springs, NC tax bill: $1,028, $1,372 lower than the national median property tax bill of $2,400.
How are property taxes in Ashe County 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, Ashe County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.51%
Estimate Property Tax Bill
$1,119
$1,038
Property Tax Rates Across Laurel Springs, Ashe County, North Carolina
Local government entities in North Carolina, like elsewhere, set property tax rates, which can vary significantly within the state. Each county annually estimates the budget needed to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Laurel Springs, located in Ashe County, the effective property tax rate is 0.51%. This rate is relatively low compared to the national median property tax rate of 1.02%. When comparing Laurel Springs to other cities within North Carolina, you'll find that it shares the same median tax rate with other areas in Ashe County, which is also 0.51%. This consistency highlights the uniformity in property tax rates within the region.
Understanding these rates is crucial for homeowners seeking to manage their property tax obligations effectively. By appealing or seeking exemptions, property owners can potentially reduce their tax burden, making a significant financial difference.
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
0.51%
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 Ashe County Tax Rate
0.48%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Laurel Springs, Ashe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28644 | 0.35% | 0.51% | 0.51% | 0.51% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Laurel Springs, Ashe 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 Ashe 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 Ashe 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 Laurel Springs. For example, the median home price in Laurel Springs is $219,000, with tax bills ranging significantly across the county. Zip code 28644 has the highest median home price at $219,000.
Property Tax Assessment Values Across Laurel Springs, Ashe County, North Carolina
Source: Ownwell
$175,800
$272,800
$369,800
Median Laurel Springs Market Value
$219,400
Median Ashe County Market Value
$229,900
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Laurel Springs, Ashe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28644 | $45,880 | $127,500 | $219,400 | $364,450 | $540,980 |
Source: Ownwell
Property Tax Bills Across Laurel Springs, Ashe County, North Carolina
In Laurel Springs, Ashe County, NC, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined based on the market value of the property. Homeowners in this region experience a range of tax bills, with the 25th percentile at $612, the 75th percentile at $1,721, and the 90th percentile reaching $2,512. The median tax bill stands at $1,028, which is below the national median of $2,400. This lower tax bill can be attributed to the local tax rate and the assessed property values in the area.
For homeowners looking to reduce their property tax burden, Ownwell provides expert property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell can help homeowners secure reductions in their tax bills. This service is particularly beneficial for those in Laurel Springs who may be paying more than necessary. With Ownwell's assistance, homeowners can ensure they are not overpaying and can potentially save significantly on their property taxes.
Property Tax Bills Across Laurel Springs, Ashe County, North Carolina
Source: Ownwell
$818
$1,305
$1,791
Median Laurel Springs Tax Bill
$1,036
Median Ashe County Tax Bill
$1,119
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Laurel Springs, Ashe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28644 | $226 | $601 | $1,036 | $1,732 | $2,578 |
Source: Ownwell