Parkton, Cumberland County, North Carolina Property Taxes
Median Parkton, NC effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%. Median Parkton, NC home value: $138,658. Median annual Parkton, NC tax bill: $1,359, $1,041 lower than the national median property tax bill of $2,400.
How are property taxes in Cumberland calculated?
Property taxes in Parkton, 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 Parkton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Parkton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Parkton, Cumberland County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.2%
Estimate Property Tax Bill
$1,664
$1,544
Property Tax Rates Across Parkton, Cumberland County, North Carolina
Local government entities in North Carolina set property tax rates, which can vary significantly within the state. Each county in North Carolina estimates its required budget annually to provide essential services and then divides that amount by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting tax rates and budgets, this process essentially repeats itself each year.
In Parkton, located in Cumberland County, the effective property tax rate is a reflection of this process. When comparing Parkton's property tax rate to other cities in North Carolina, it aligns with the state's median rate of 1.20%. This rate is notably higher than the national median property tax rate of 1.02%. Parkton's property tax rate also stands out when considering the national median property tax bill of $2,400. Such comparisons highlight the variations in property tax rates across different regions, emphasizing the importance of understanding local tax structures.
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 Parkton Tax Rate
1.20%
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 Cumberland County Tax Rate
1.48%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Parkton, Cumberland County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28371 | 0.93% | 1.02% | 1.20% | 1.51% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Parkton, Cumberland County, North Carolina
When examining property taxes in Parkton, 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 Cumberland 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 Cumberland County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Parkton.
For example, the median home price in Parkton is $138,658, with tax bills ranging significantly across the county. Zip code 28371 has the highest median home price at $138,658.
Property Tax Assessment Values Across Parkton, Cumberland County, North Carolina
Source: Ownwell
$61,026
$105,235
$149,444
Median Parkton Market Value
$138,658
Median Cumberland County Market Value
$115,098
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Parkton, Cumberland County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28371 | $17,273 | $59,299 | $138,658 | $192,885 | $240,983 |
Source: Ownwell
Property Tax Bills Across Parkton, Cumberland County, North Carolina
Median Parkton Tax Bill
$1,359
Median Cumberland County Tax Bill
$1,668
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Parkton, Cumberland County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28371 | $234 | $677 | $1,359 | $2,644 | $3,228 |
Source: Ownwell