Ellenboro, Cleveland County, North Carolina Property Taxes
Median Ellenboro, NC effective property tax rate: 0.86%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Ellenboro, NC home value: $77,074
Median annual Ellenboro, NC tax bill: $656, $1,744 lower than the national median property tax bill of $2,400.
How are property taxes in Cleveland County calculated?
Property taxes in Ellenboro, 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 Ellenboro’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Ellenboro, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Ellenboro, Cleveland County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.85%
Estimate Property Tax Bill
$790
$733
Property Tax Rates Across Ellenboro, Cleveland County, North Carolina
Local government entities in North Carolina determine tax rates, which can significantly differ across the state. Each year, counties calculate their required budget to fund services and divide this by the total value of all taxable properties within their jurisdiction. This process results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the basic annual procedure.
In Ellenboro, located in Cleveland County, the effective property tax rate stands at 0.86%. This rate is notably lower than the national median property tax rate of 1.02%. Comparatively, the median property tax rate in North Carolina is also lower than the national average, reflecting the state's generally favorable property tax environment. By understanding these rates, property owners can better assess their tax obligations and explore potential savings through appeals and exemptions.
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 Ellenboro Tax Rate
0.85%
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 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 Ellenboro, Cleveland County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28040 | 0.61% | 0.81% | 0.85% | 0.90% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Ellenboro, Cleveland County, North Carolina
When examining property taxes in Ellenboro, 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 Ellenboro. For example, the median home price in Ellenboro is $77,074, with tax bills ranging significantly across the county. Zip code 28040 has the highest median home price at $77,074.
Property Tax Assessment Values Across Ellenboro, Cleveland County, North Carolina
Source: Ownwell
$55,882
$100,459
$145,035
Median Ellenboro Market Value
$92,977
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 Ellenboro, Cleveland County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28040 | $18,342 | $57,973 | $92,977 | $177,984 | $247,738 |
Source: Ownwell
Property Tax Bills Across Ellenboro, Cleveland County, North Carolina
Median Ellenboro Tax Bill
$758
Median Cleveland County Tax Bill
$929
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Ellenboro, Cleveland County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28040 | $276 | $472 | $758 | $1,220 | $1,666 |
Source: Ownwell