Hope Mills, Cumberland County, North Carolina Property Taxes

Name: Property Tax Bills Across Hope Mills, Cumberland County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hope Mills, NC effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Hope Mills, NC home value: $130,536
Median annual Hope Mills, NC tax bill: $1,647, $753 lower than the national median property tax bill of $2,400.

How are property taxes in Cumberland calculated?

Property taxes in Hope Mills, 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 Hope Mills’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hope Mills, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hope Mills, Cumberland County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$1,449

$1,345

Ownwell’s Hope Mills Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hope Mills with just two data points. By entering your property's estimated assessed value, our calculator applies Hope Mills’ median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Cumberland County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hope Mills, Cumberland County, North Carolina

Local government entities set tax rates, which can vary widely within a state. 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 Hope Mills’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.

Hope Mills, located in Cumberland County, has a median property tax rate of 1.11%, which is higher than the national median of 1.02%. This means that residents in Hope Mills might find themselves paying slightly more in property taxes compared to the national average. However, compared to other areas within North Carolina, Hope Mills's tax rate is consistent, as it represents both the highest and lowest median tax rate in the region. Understanding these rates is essential for property owners aiming to manage their finances effectively and explore potential savings through property tax appeals or exemptions.

Property Tax Rates Across Hope Mills, Cumberland County, North Carolina

Source: Ownwell

1.10%

1.42%

1.75%

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 Hope Mills Tax Rate

1.11%

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 Hope Mills, Cumberland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
28348	0.91%	1.01%	1.11%	1.55%	1.74%

Source: Ownwell

Property Tax Assessment Values Across Hope Mills, Cumberland County, North Carolina

When examining property taxes in Hope Mills, 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 Administration 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 March. 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 Hope Mills. For example, the median home price in Hope Mills is $130,536, with tax bills ranging significantly across the county. Zip code 28348 has the highest median home price at $130,536.

Property Tax Assessment Values Across Hope Mills, Cumberland County, North Carolina

Source: Ownwell

$61,026

$105,235

$149,444

Median Hope Mills Market Value

$130,536

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 Hope Mills, Cumberland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
28348	$56,260	$92,146	$130,536	$186,015	$250,992

Source: Ownwell

Property Tax Bills Across Hope Mills, Cumberland County, North Carolina

In Hope Mills, located in Cumberland County, NC, property tax bills are determined by the assessed value of a home, which is calculated based on its market value. The tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in Hope Mills face a property tax bill that ranges significantly, with the 25th percentile at $1,091 and the 75th percentile at $2,169. This variance can affect homeowners' financial planning, as the tax bill can be a substantial part of annual expenses. The median tax bill in the area is $1,647, which is below the national median of $2,400, making it relatively more affordable. However, even with lower tax bills, homeowners might find opportunities for savings. Ownwell offers valuable assistance by identifying potential discrepancies in property assessments and ensuring that homeowners are not overpaying. By leveraging expert knowledge, Ownwell can help homeowners navigate the complexities of property taxes, potentially leading to significant savings on their annual tax bills.

Property Tax Bills Across Hope Mills, Cumberland County, North Carolina

Source: Ownwell

$715

$1,647

$2,578

Median Hope Mills Tax Bill

$1,647

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 Hope Mills, Cumberland County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
28348	$610	$1,091	$1,647	$2,169	$2,623

Source: Ownwell