Vale, North Carolina Property Taxes
The median property tax rate in Vale, NC is 0.91%, slightly below the national median of 0.99% but higher than the North Carolina state median of 0.82%. With the median home value in Vale at $84,514, the typical annual property tax bill is $636, which is significantly lower than the national median of $2,690. Property taxes in Vale are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Vale'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 Vale or another part of Cleveland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vale, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$769
$714
Ownwell’s Vale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vale 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 Cleveland County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Vale, North Carolina
Property taxes in Vale, North Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vale is 0.91%, which is lower than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Vale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vale 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 Vale's effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 28168 has the highest median property tax rate of 0.91%, while the same zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Vale provides valuable insights into the varying tax landscape across Cleveland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vale Tax Rate
0.91%
Average Cleveland County Tax Rate
0.90%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28168 | 0.77% | 0.88% | 0.91% | 0.94% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Vale, North Carolina
In Vale, 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 Cleveland 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 Vale, 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 Vale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Vale, the highest and lowest median tax bill is $636, both occurring in the 28168 zip code.
Average Vale Assessed Value
$84,514
Average Cleveland County Assessed Value
$100,046
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28168 | $50,485 | $64,137 | $84,514 | $118,992 | $177,237 |
Source: Ownwell
Property Tax Bills Across Vale, North Carolina
In Vale, Cleveland County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. Homeowners in Vale typically see property tax rates that align closely with the national median of 0.99%. For a median home price of $84,514, the tax bill can range significantly. At the 25th percentile, homeowners might pay around $504, while those at the 75th percentile could see bills as high as $1,066. The 90th percentile tax bill can reach up to $1,575, reflecting the variability in property values and tax rates across the region. Various factors such as property size, location, and market conditions influence these assessments. For homeowners, these tax bills represent a significant part of their annual expenses, impacting their financial planning and overall cost of living. Understanding how these taxes are calculated can help homeowners better anticipate their yearly financial obligations and plan accordingly.
Average Vale Tax Bill
$636
Average Cleveland County Tax Bill
$887
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Vale, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28168 | $435 | $504 | $636 | $1,066 | $1,575 |
Source: Ownwell