Lattimore, Cleveland County, North Carolina Property Taxes

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

Median Lattimore, NC effective property tax rate: 1.07%, slightly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Lattimore, NC home value: $90,727
Median annual Lattimore, NC tax bill: $849, $1,551 lower than the national median property tax bill of $2,400.

How are property taxes in Cleveland County calculated?

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

Last Updated March 1, 2025

Lattimore, Cleveland County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.06%

Estimate Property Tax Bill

$1,011

$938

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

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Lattimore’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.

In Lattimore, located in Cleveland County, the effective property tax rate is 1.07%, which aligns with the highest and lowest median tax rates in the state. This is slightly above the national median property tax rate of 1.02%. Despite the slight increase, property owners in Lattimore benefit from a tax rate that is reflective of the local government's budgetary needs and the value of taxable properties. Understanding these rates helps property owners make informed decisions about their investments and manage their financial obligations effectively.

Property Tax Rates Across Lattimore, 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 Lattimore Tax Rate

1.06%

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 Lattimore, Cleveland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28089	0.64%	0.88%	1.06%	1.11%	1.20%

Source: Ownwell

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

When examining property taxes in Lattimore, 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.

Assessment notices:

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 Lattimore.

For example, the median home price in Lattimore is $90,727, with tax bills ranging significantly across the county. 28089 has the highest median home price at $90,727.

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

Source: Ownwell

$55,882

$100,459

$145,035

Median Lattimore Market Value

$95,377

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 Lattimore, Cleveland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28089	$31,774	$50,656	$95,377	$156,581	$203,982

Source: Ownwell

Property Tax Bills Across Lattimore, Cleveland County, North Carolina

In Lattimore, located in Cleveland County, NC, property tax bills are determined by the assessed value of a home, which is then multiplied by the local tax rate. With a median home price of $90,727, homeowners typically see property tax bills around the median of $849, which is significantly lower than the national median of $2,400. Tax bills can vary widely, with the 25th percentile at $492 and the 90th percentile reaching $1,888. These amounts are influenced by factors such as property location, local government budgets, and services funded by property taxes. Homeowners in Lattimore benefit from relatively low property tax rates compared to the national average of 1.02%. However, even with lower rates, ensuring your property is assessed fairly is crucial. Ownwell can assist homeowners by providing expert property tax appeal and exemption services, potentially lowering tax bills. By analyzing assessments and identifying discrepancies, Ownwell helps ensure homeowners pay only their fair share, maximizing savings.

Property Tax Bills Across Lattimore, Cleveland County, North Carolina

Source: Ownwell

$524

$869

$1,213

Median Lattimore Tax Bill

$872

Median Cleveland County Tax Bill

$929

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Lattimore, Cleveland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28089	$205	$486	$872	$1,419	$1,858

Source: Ownwell