Cleveland, Iredell County, North Carolina Property Taxes

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

Median Cleveland, NC effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, and also lower than the North Carolina state median of 0.82%.
Median Cleveland, NC home value: $140,260
Median annual Cleveland, NC tax bill: $834, $1,566 lower than the national median property tax bill of $2,400.

How are property taxes in Iredell County calculated?

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

Last Updated March 1, 2025

Cleveland, Iredell County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.63%

Estimate Property Tax Bill

$897

$832

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

By entering your property's estimated assessed value, our calculator applies Cleveland’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 Iredell County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cleveland, Iredell County, North Carolina

Local government entities are responsible for setting tax rates, which can vary significantly within a state. This variation occurs 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. Although votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Cleveland, located in Iredell County, North Carolina, the effective property tax rate is 0.63%. This is notably lower than the national median property tax rate of 1.02%. For homeowners, this means potentially lower annual property tax bills compared to many other parts of the country. When compared to other cities in North Carolina, Cleveland's rate is reflective of the county's overall tax strategy, which aims to balance service provision with tax affordability. With the national median property tax bill at $2400, residents in Cleveland may find their property tax expenses more manageable, offering a financial advantage to those living in the area.

Property Tax Rates Across Cleveland, Iredell County, North Carolina

Source: Ownwell

0.60%

0.89%

1.18%

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 Tax Rate

0.63%

Median Effective Iredell County Tax Rate

0.66%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cleveland, Iredell County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27013	0.45%	0.61%	0.63%	0.66%	0.72%

Source: Ownwell

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

When examining property taxes in Cleveland, 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 Iredell County Tax Assessor 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 Iredell 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 Cleveland.

For example, the median home price in Cleveland is $140,260, with tax bills ranging significantly across the county. Zip code 27013 has the highest median home price at $140,260.

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

Source: Ownwell

$120,700

$467,655

$814,610

Median Cleveland Market Value

$142,380

Median Iredell County Market Value

$275,750

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27013	$33,063	$92,878	$142,380	$261,008	$407,189

Source: Ownwell

Property Tax Bills Across Cleveland, Iredell County, North Carolina

In Cleveland, located in Iredell County, NC, property tax bills are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value, which is determined by the county's appraisal of the property's market worth. Homeowners in Cleveland face a median property tax bill that is significantly lower than the national median of $2,400, with amounts ranging from the 25th percentile at $534 to the 90th percentile at $2,107. These figures highlight the variability in tax obligations depending on the property’s assessed value and location within the city. For homeowners, this can mean a significant financial burden, especially if the assessed value does not accurately reflect the property's current market value. Ownwell offers a valuable service by helping homeowners appeal their property tax assessments, potentially reducing their tax bills. By leveraging expert knowledge and experience, Ownwell aims to ensure that homeowners are not overpaying and can enjoy savings on their property taxes.

Property Tax Bills Across Cleveland, Iredell County, North Carolina

Source: Ownwell

$711

$2,795

$4,878

Median Cleveland Tax Bill

$856

Median Iredell County Tax Bill

$2,103

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Cleveland, Iredell County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27013	$239	$544	$856	$1,455	$2,154

Source: Ownwell