Property Taxes in Fallston, North Carolina
Median Fallston, North Carolina effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, and lower than the North Carolina state median of 0.81%.
Median Fallston, North Carolina home value: $96,613
Median annual Fallston, North Carolina tax bill: $829, $1,571 lower than the national median property tax bill of $2,400.
How are property taxes in Cleveland calculated?
Property taxes in Fallston, North Carolina 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 Fallston's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fallston, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Fallston Property Tax Calculator Work?
Use this Fallston property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Fallston's median effective tax rate of 0.87% — based on actual property records in Cleveland County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Fallston's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Fallston: rates range from 0.87% in 28042 to 0.87% in 28042, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Fallston.
About Fallston Property Taxes
About Property Taxes in Fallston, Cleveland, North Carolina
Fallston’s median effective property tax rate of 0.87% is higher than the North Carolina state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Cleveland County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Fallston. Homeowners in the 28042 ZIP code carry a median effective rate of 0.87%, while those in the same ZIP also pay $829 in median annual property tax bill. This reflects how local tax districts are drawn across Cleveland County. Understanding where you live in Fallston can make a meaningful difference to your annual tax bill.
Fallston homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the May 4, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Fallston, Cleveland County, North Carolina
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Fallston's effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.
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 Fallston Tax Rate
0.87%
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 Cleveland County Tax Rate
0.90%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Fallston, Cleveland County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28042 | 0.80% | 0.83% | 0.87% | 0.93% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Fallston, Cleveland County, North Carolina
When examining property taxes in Fallston, North Carolina, 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 Cleveland County tax office 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.
Assessment notices are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Fallston is $96,613, with a median tax bill of $829. In the area, the highest median home price is in 28042 at $96,613.
Property Tax Assessment Values Across Fallston, Cleveland County, North Carolina
Source: Ownwell
$55,882
$100,459
$145,035
Median Fallston Market Value
$96,613
Median Cleveland County Market Value
$101,056
Median North Carolina Market Value
$221,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Fallston, Cleveland County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28042 | $27,863 | $59,577 | $96,613 | $159,666 | $246,479 |
Source: Ownwell
Property Tax Bills Across Fallston, Cleveland County, North Carolina
Property tax bills in Fallston are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. The assessed value is determined by the county and can reflect factors such as the home’s location, size, condition, and any improvements that may affect its worth.
For homeowners, this means a higher assessed value can lead to a larger tax bill, while a lower assessed value can reduce what is owed. In Fallston, the median home price is $96,613, and the median property tax bill is $829.00 in zip code 28042. That is well below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%.
Because tax bills are tied to assessed value, even small changes in valuation can affect annual costs. Homeowners should review their assessment carefully, since it directly influences how much property tax they pay each year.
Median Fallston Tax Bill
$829
Median Cleveland County Tax Bill
$929
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$3,209
Property Tax Bills Across Fallston, Cleveland County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28042 | $213 | $540 | $829 | $1,352 | $1,990 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 31 |
Links | |
|---|---|
| Cleveland Tax Assessor | |
| Website | www.clevelandcountytaxes.com |