Waco, Cleveland County, North Carolina Property Taxes

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

Median Waco, NC effective property tax rate: 1.03%, slightly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Waco, NC home value: $60,656
Median annual Waco, NC tax bill: $562, $1,838 lower than the national median property tax bill of $2,400.

How are property taxes in Cleveland calculated?

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

Last Updated March 1, 2025

Waco, Cleveland County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.05%

Estimate Property Tax Bill

$617

$573

Ownwell’s Waco Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waco with just two data points.

By entering your property's estimated assessed value, our calculator applies Waco’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 Waco, Cleveland County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services 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 Waco’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.

Property Tax Rates Across Waco, 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 Waco Tax Rate

1.05%

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 Waco, Cleveland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28169	0.70%	0.91%	1.05%	1.09%	1.16%

Source: Ownwell

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

When examining property taxes in Waco, 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 Waco.

For example, the median home price in Waco is $60,656, with tax bills ranging significantly across the county. Zip code 28169 has the highest median home price at $60,656.

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

Source: Ownwell

$55,882

$100,459

$145,035

Median Waco Market Value

$58,768

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 Waco, Cleveland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28169	$10,119	$29,101	$58,768	$95,852	$156,106

Source: Ownwell

Property Tax Bills Across Waco, Cleveland County, North Carolina

In Waco, Cleveland County, NC, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in this area is $60,656, which significantly influences the tax bill. Homeowners in Waco face a range of tax bills, with the 25th percentile at $304 and the 75th percentile reaching $874. For those at the 90th percentile, the tax bill can be as high as $1,232. Despite these figures, the highest and lowest median tax bills in the county are both $562, indicating a moderate variation across different zip codes. In comparison to the national median property tax bill of $2,400, Waco's figures are relatively lower. However, property taxes remain a considerable expense for homeowners. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax burden. By analyzing individual property assessments and identifying possible discrepancies, Ownwell can assist homeowners in achieving significant savings on their property tax bills.

Property Tax Bills Across Waco, Cleveland County, North Carolina

Source: Ownwell

$524

$869

$1,213

Median Waco Tax Bill

$524

Median Cleveland County Tax Bill

$929

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Waco, Cleveland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28169	$100	$327	$524	$874	$1,297

Source: Ownwell