Cliffside, North Carolina Property Taxes
The median property tax rate in Cliffside, NC, is 0.59%, 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 Cliffside at $59,700, the typical annual property tax bill is $354, well below the national median of $2,690. Property taxes in Cliffside are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cliffside'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 Cliffside 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
Cliffside, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$352
$327
Ownwell’s CLIFFSIDE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CLIFFSIDE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CLIFFSIDE 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 Cliffside, North Carolina
Property taxes in Cliffside, 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 Cliffside is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Cliffside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cliffside 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 Cliffside's effective property tax rate to other areas and the national median. For comparison, the zip code 28024 has both the highest and lowest median property tax rate of 0.59%. Understanding how these areas compare with Cliffside provides valuable insights into the varying tax landscape across Rutherford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cliffside Tax Rate
0.59%
Average Rutherford County Tax Rate
0.45%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cliffside, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28024 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Cliffside, North Carolina
In Cliffside, 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 Rutherford 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 Cliffside, 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. For instance, the highest median tax bill in Cliffside is $354 in the 28024 zip code, and the lowest median tax bill is also $354 in the same zip code. 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 Cliffside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Cliffside, North Carolina
Source: Ownwell
$7,500
$137,850
$268,200
Average Cliffside Assessed Value
$59,700
Average Rutherford County Assessed Value
$123,100
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cliffside, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28024 | $59,700 | $59,700 | $59,700 | $59,700 | $59,700 |
Source: Ownwell
Property Tax Bills Across Cliffside, North Carolina
In Cliffside, Rutherford County, NC, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Cliffside is $59,700, and the property tax rate is applied to this assessed value to determine the annual tax bill. For example, homeowners in Cliffside typically see a tax bill of $354, which is consistent across various percentiles, including the 25th, 75th, and 90th percentiles. Factors influencing the tax bill include the assessed value of the property and any applicable local tax rates. This uniformity in tax bills suggests a stable and predictable property tax environment for homeowners, making it easier to budget for annual expenses. Compared to the national median property tax rate of 0.99%, Cliffside's property tax rate results in relatively low tax bills, providing financial relief to homeowners and potentially making the area more attractive for property investment.
Average Cliffside Tax Bill
$354
Average Rutherford County Tax Bill
$516
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Cliffside, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28024 | $354 | $354 | $354 | $354 | $354 |
Source: Ownwell