Cameron, North Carolina Property Taxes
The median property tax rate in Cameron, NC is 0.78%, notably 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 $136,800, the typical annual property tax bill amounts to $1,024, which is below the national median of $2,690. Property taxes in Cameron are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Cameron's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cameron or another part of the city, gaining insight into the local property tax system is beneficial for 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
0.78%
Estimate Property Tax Bill
$1,067
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 vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cameron is 0.78%, which is 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 zip code 28326 has both the highest and lowest median property tax rate of 0.78%. Understanding how these cities compare with Cameron provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Tax Rate
0.78%
Average Lee County Tax Rate
0.85%
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 | 0.54% | 0.72% | 0.78% | 0.85% | 1.05% |
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 Lee 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. The median home price in Cameron is $136,800, with tax bills ranging from $553 at the 25th percentile to $2,533 at the 90th percentile. The zip code 28326 has the highest and lowest median tax bill of $1,024. Being aware of these valuation processes in Cameron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cameron Assessed Value
$136,800
Average Lee County Assessed Value
$171,800
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 | $27,500 | $80,200 | $136,800 | $240,700 | $346,640 |
Source: Ownwell
Property Tax Bills Across Cameron, North Carolina
In Cameron, North Carolina, property tax bills are determined based on the assessed value of a home, which is derived from its market value. The local tax rate is then applied to this assessed value to calculate the total tax bill. For instance, with a median home price of $136,800, homeowners can expect their property taxes to vary significantly. The 25th percentile tax bill is around $553, while the 75th percentile tax bill reaches $1,759. At the 90th percentile, the tax bill can go up to $2,533. These variations are influenced by factors such as property location within Lee County and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Cameron's rates can be seen as relatively moderate. This system ensures that property taxes are proportionate to the home's value, impacting homeowners by contributing to local services and infrastructure, which in turn can affect property values and community quality.
Average Cameron Tax Bill
$1,024
Average Lee County Tax Bill
$1,542
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 | $272 | $553 | $1,024 | $1,759 | $2,533 |
Source: Ownwell