Cedar Falls, North Carolina Property Taxes
The median property tax rate in Cedar Falls, NC is 0.33%, 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 Cedar Falls at $82,820, the typical annual property tax bill is $270, which is well below the national median of $2,690. Property taxes in Cedar Falls are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. By understanding Cedar Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Cedar Falls or another part of Randolph County, a thorough grasp of the local property tax system will provide significant financial benefits.
Last Updated June 14, 2024
Cedar Falls, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.33%
Estimate Property Tax Bill
$273
$254
Ownwell’s Cedar Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedar Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar Falls 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 Cedar Falls, North Carolina
Property taxes in Cedar Falls, North Carolina, play a crucial role in funding essential local services, including public schools, road upkeep, and emergency services. The median tax rate in Cedar Falls is 0.67%, higher than both the North Carolina state median of 0.70% and the U.S. national median of 0.99%. Local government entities within Cedar Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar Falls 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 Cedar Falls' effective property tax rate to other counties in North Carolina and the national median. For comparison, the 27501 zip code has the highest median property tax rate of 0.71%, while the 27502 zip code has the lowest median tax rate of 0.60%. Understanding how these cities compare with Cedar Falls provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedar Falls Tax Rate
0.33%
Average Randolph County Tax Rate
0.68%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar Falls, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27230 | 0.33% | 0.33% | 0.33% | 0.33% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Falls, North Carolina
In Cedar Falls, 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 Randolph 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 Cedar Falls, 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 Cedar Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 27230 has the highest and lowest median tax bill, both at $270.
Property Tax Assessment Values Across Cedar Falls, North Carolina
Source: Ownwell
$78,165
$163,113
$248,060
Average Cedar Falls Assessed Value
$82,820
Average Randolph County Assessed Value
$167,245
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedar Falls, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27230 | $82,820 | $82,820 | $82,820 | $82,820 | $82,820 |
Source: Ownwell
Property Tax Bills Across Cedar Falls, North Carolina
In Cedar Falls, located in Randolph County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county tax assessor and reflects the market value of the property. Homeowners in Cedar Falls typically see a median home price of $82,820. The property tax rate in this region is applied to the assessed value to determine the annual tax bill. Interestingly, the tax bills in Cedar Falls are quite uniform, with the 25th, 75th, and 90th percentiles all seeing tax bills of $270. This uniformity suggests a consistent application of property tax rates across different property values. For homeowners, this means that regardless of minor variations in assessed home values, the tax burden remains relatively predictable and manageable. Compared to the national median property tax rate of 0.99%, Cedar Falls homeowners benefit from a more straightforward and stable tax environment, making it easier to plan for annual expenses related to property ownership.
Average Cedar Falls Tax Bill
$270
Average Randolph County Tax Bill
$1,305
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Falls, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27230 | $270 | $270 | $270 | $270 | $270 |
Source: Ownwell