Fort Liberty, Cumberland County, North Carolina Property Taxes
The median property tax rate in Fort Liberty, NC is 1.19%, considerably higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Fort Liberty at $47,623, the typical annual property tax bill reaches $708, which is below the national median of $2,690. Property taxes in Fort Liberty are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fort Liberty'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 Fort Liberty or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fort Liberty, Cumberland County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$567
$526
Ownwell’s Fort Liberty Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Liberty with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Liberty 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 Fort Liberty, Cumberland County, North Carolina
Property taxes in Fort Liberty, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Liberty is 1.19%, higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Fort Liberty set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Liberty 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 Fort Liberty's effective property tax rate to other counties in North Carolina and the national median. For comparison, the 28310 zip code has the highest median property tax rate of 2.95%, while the 28307 zip code has the lowest median tax rate of 1.19%. Understanding how these cities compare with Fort Liberty provides valuable insights into the varying tax landscape across Cumberland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Fort Liberty, Cumberland County, North Carolina
Source: Ownwell
1.10%
1.42%
1.75%
Average Fort Liberty Tax Rate
1.19%
Average Cumberland County Tax Rate
1.48%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Liberty, Cumberland County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28307 | 1.06% | 1.14% | 1.19% | 1.49% | 1.55% |
| 28310 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Fort Liberty, Cumberland County, North Carolina
In Fort Liberty, 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 Cumberland 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 Fort Liberty, 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 Fort Liberty helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Fort Liberty is $715.00 in the 28307 zip code, while the lowest median tax bill is $624.00 in the 28310 zip code.
Property Tax Assessment Values Across Fort Liberty, Cumberland County, North Carolina
Source: Ownwell
$61,026
$105,235
$149,444
Average Fort Liberty Assessed Value
$47,623
Average Cumberland County Assessed Value
$115,098
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Liberty, Cumberland County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28307 | $16,884 | $19,011 | $61,026 | $68,783 | $88,080 |
| 28310 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Fort Liberty, Cumberland County, North Carolina
In Fort Liberty, Cumberland County, NC, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the local assessor's office and is used to calculate the tax bill. Homeowners in Fort Liberty can expect a tax bill that varies significantly depending on the value of their property. For example, the median home price in the area is $47,623. Property tax bills in Fort Liberty range from $338 at the 25th percentile to $962 at the 90th percentile, indicating a wide variance in what homeowners might pay. The highest median tax bill in the area is $715 in the 28307 zip code, while the lowest median tax bill is $624 in the 28310 zip code. These figures highlight the impact of property values on tax bills, influencing how much homeowners need to budget annually. Compared to the national median property tax rate of 0.99%, the rates in Fort Liberty reflect the local economic conditions and property values.
Property Tax Bills Across Fort Liberty, Cumberland County, North Carolina
Source: Ownwell
$715
$1,647
$2,578
Average Fort Liberty Tax Bill
$708
Average Cumberland County Tax Bill
$1,668
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Liberty, Cumberland County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28307 | $262 | $283 | $715 | $778 | $985 |
| 28310 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell