Cherryville, Cleveland County, North Carolina Property Taxes

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

Median Cherryville, NC effective property tax rate: 0.82%, significantly lower than the national median of 1.02%, but equal to the NC state median of 0.82%.
Median Cherryville, NC home value: $144,368
Median annual Cherryville, NC tax bill: $1,154, $1,246 lower than the national median property tax bill of $2,400.

How are property taxes in Cleveland calculated?

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

Last Updated March 1, 2025

Cherryville, Cleveland County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$1,204

$1,117

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

Property Tax Rates Across Cherryville, Cleveland County, North Carolina

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This is because each county annually estimates the budget needed to provide services and divides that 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 Cherryville, located in Cleveland County, North Carolina, the effective property tax rate is 0.82%. This rate aligns with the highest and lowest median tax rates within the county, indicating a uniformity across the region. When compared to the national median property tax rate of 1.02%, Cherryville's rate is notably lower, offering potential savings for property owners. Additionally, the national median property tax bill stands at $2400, a benchmark that Cherryville's rate potentially helps residents stay below. This comparison highlights the favorable property tax environment in Cherryville, making it an attractive location for homeowners seeking to minimize their tax burden while still benefiting from essential local services.

Property Tax Rates Across Cherryville, Cleveland County, North Carolina

Source: Ownwell

0.83%

1.07%

1.32%

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 Cherryville Tax Rate

0.83%

Median Effective Cleveland County Tax Rate

0.90%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cherryville, Cleveland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28021	0.79%	0.81%	0.83%	0.89%	1.02%

Source: Ownwell

Property Tax Assessment Values Across Cherryville, Cleveland County, North Carolina

When examining property taxes in Cherryville, 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 Cleveland 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 Cleveland 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 Cherryville.

For example, the median home price in Cherryville is $144,368, with tax bills ranging significantly across the county. The zip code 28021 has the highest median home price at $144,368.

Property Tax Assessment Values Across Cherryville, Cleveland County, North Carolina

Source: Ownwell

$55,882

$100,459

$145,035

Median Cherryville Market Value

$145,035

Median Cleveland County Market Value

$101,056

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cherryville, Cleveland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28021	$28,023	$69,116	$145,035	$295,736	$416,020

Source: Ownwell

Property Tax Bills Across Cherryville, Cleveland County, North Carolina

In Cherryville, located in Cleveland County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Cherryville is $144,368, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, affecting the amount homeowners are required to pay. The median property tax bill in Cherryville is $1,154, which is below the national median of $2,400, making it relatively affordable for homeowners. However, tax bills can vary significantly, with the 25th percentile at $584 and the 90th percentile reaching $3,315. Ownwell can assist homeowners by reviewing their property assessments and identifying potential errors or opportunities for exemptions, ultimately helping to reduce their tax burden. By leveraging expert knowledge and personalized strategies, Ownwell ensures homeowners pay only their fair share, maximizing savings on property tax bills.

Property Tax Bills Across Cherryville, Cleveland County, North Carolina

Source: Ownwell

$524

$869

$1,213

Median Cherryville Tax Bill

$1,166

Median Cleveland County Tax Bill

$929

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Cherryville, Cleveland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28021	$282	$604	$1,166	$2,356	$3,359

Source: Ownwell