Fallston, Cleveland County, North Carolina Property Taxes

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

Median Fallston, NC effective property tax rate: 0.87%, slightly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.

Median Fallston, NC home value: $100,456

Median annual Fallston, NC tax bill: $808, $1,592 lower than the national median property tax bill of $2,400.

How are property taxes in Cleveland calculated?

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

Last Updated March 1, 2025

Fallston, Cleveland County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.87%

Estimate Property Tax Bill

$841

$780

Ownwell’s Fallston Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fallston with just two data points. By entering your property's estimated assessed value, our calculator applies Fallston’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 Fallston, Cleveland County, North Carolina

Local government entities in North Carolina set property tax rates, which can vary widely within the state. This variation is primarily because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While the process involves votes and laws, this is essentially how it works each year.

In Fallston, located in Cleveland County, the effective property tax rate is 0.87%, which aligns with the highest and lowest rates in the area, indicating a uniform approach within this region. When compared to the national median property tax rate of 1.02%, Fallston's rate is notably lower, offering potential savings for property owners. Additionally, the national median property tax bill stands at $2400, suggesting that residents in Fallston might benefit from lower annual tax bills compared to many areas across the country. This comparison highlights Fallston as an appealing location for property owners looking to minimize their tax burden while enjoying the services provided by the local government.

Property Tax Rates Across Fallston, 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 Fallston Tax Rate

0.87%

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 Fallston, Cleveland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28042	0.80%	0.83%	0.87%	0.93%	0.99%

Source: Ownwell

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

When examining property taxes in Fallston, 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 Fallston.

For example, the median home price in Fallston is $100,456, with tax bills ranging significantly across the county. Zip code 28042 has the highest median home price at $100,456.

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

Source: Ownwell

$55,882

$100,459

$145,035

Median Fallston Market Value

$96,613

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 Fallston, Cleveland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28042	$27,863	$59,577	$96,613	$159,666	$246,479

Source: Ownwell

Property Tax Bills Across Fallston, Cleveland County, North Carolina

In Fallston, located within Cleveland County, NC, property tax bills are calculated based on the assessed value of a home. The median home price in Fallston is $100,456, and property tax rates are applied to this assessed value to determine the tax bill. Factors influencing the tax bill include the home's assessed value and the local tax rate. In Fallston, the median property tax bill is $808, which is significantly lower than the national median property tax bill of $2,400. Homeowners in Fallston may pay a tax bill as low as $495 or as high as $1,982, depending on various factors such as property location and specific assessments. For homeowners seeking to reduce their property tax bills, Ownwell offers expert assistance in property tax appeal and exemption services. By leveraging their expertise, Ownwell helps homeowners identify potential savings and navigate the appeals process, ensuring they pay only their fair share of property taxes.

Property Tax Bills Across Fallston, Cleveland County, North Carolina

Source: Ownwell

$524

$869

$1,213

Median Fallston Tax Bill

$829

Median Cleveland County Tax Bill

$929

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Fallston, Cleveland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28042	$213	$540	$829	$1,352	$1,990

Source: Ownwell