Cameron, North Carolina Property Taxes
The median property tax rate in Cameron, NC is 0.46%, significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Cameron at $206,870, the typical annual property tax bill is $1,077, which is well below the national median of $2,690. Property taxes in Cameron are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Cameron's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cameron or another part of Moore County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cameron, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$952
Ownwell’s Cameron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cameron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cameron to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Cameron, North Carolina
Property taxes in Cameron, North Carolina, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cameron is 0.46%, lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Cameron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Cameron's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28326 zip code has the highest median property tax rate of 0.46%, while the 28326 zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with Cameron provides valuable insights into the varying tax landscape across Moore County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Tax Rate
0.46%
Average Moore County Tax Rate
0.60%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cameron, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28326 | 0.45% | 0.45% | 0.46% | 0.46% | 0.87% |
Source: Ownwell
Property Tax Assessment Values Across Cameron, North Carolina
In Cameron, North Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Moore County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Cameron, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Cameron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1077 in the 28326 zip code, while the lowest is also $1077 in the same zip code.
Average Cameron Assessed Value
$206,870
Average Moore County Assessed Value
$305,820
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cameron, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28326 | $57,286 | $114,605 | $206,870 | $356,225 | $423,744 |
Source: Ownwell
Property Tax Bills Across Cameron, North Carolina
In Cameron, located in Moore County, NC, property tax bills are determined based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in this area see a range of property tax bills, influenced by the home's assessed value and the local tax rate. For instance, the 25th percentile tax bill is around $528, while the 75th percentile reaches up to $1,662, and the 90th percentile can go as high as $2,297. The median home price in Cameron is $206,870, which plays a significant role in calculating these tax bills. Homeowners with higher-valued properties can expect to pay more in property taxes, while those with lower-valued properties will pay less. Compared to the national median property tax rate of 0.99%, the taxes in Cameron might be seen as a reflection of the local real estate market and the county's fiscal policies. Understanding these factors helps homeowners anticipate their tax responsibilities and manage their finances accordingly.
Average Cameron Tax Bill
$1,077
Average Moore County Tax Bill
$1,694
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Cameron, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28326 | $260 | $528 | $1,077 | $1,662 | $2,297 |
Source: Ownwell