Cherryville, Gaston County, North Carolina Property Taxes
Median Cherryville, NC effective property tax rate: 1.68%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Cherryville, NC home value: $106,025
Median annual Cherryville, NC tax bill: $1,684, $716 lower than the national median property tax bill of $2,400.
How are property taxes in Gaston calculated?
Property taxes in Cherryville, 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 Cherryville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cherryville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cherryville, Gaston County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.68%
Estimate Property Tax Bill
$1,781
$1,653
Property Tax Rates Across Cherryville, Gaston County, North Carolina
Local government entities set tax rates, and these can vary significantly within a state. Annually, each county calculates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.
In Cherryville, located in Gaston County, NC, the effective property tax rate is 1.68%, which is notably higher than the national median of 1.02%. This rate is consistent with the highest and lowest rates within the area, indicating uniformity in Cherryville. The median property tax rate in North Carolina is lower than that of Cherryville, highlighting the city’s unique tax landscape.
Comparing Cherryville’s rate to the national median, property owners in Cherryville face a higher tax burden. This comparison underscores the importance of understanding local tax rates, as they can significantly impact property owners’ financial responsibilities.
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 Cherryville Tax Rate
1.68%
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 Gaston County Tax Rate
1.65%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cherryville, Gaston County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28021 | 0.95% | 1.13% | 1.68% | 1.95% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Cherryville, Gaston County, North Carolina
When examining property taxes in Cherryville, 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 Gaston 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.
In Gaston County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Cherryville.
For example, the median home price in Cherryville is $106,025, with tax bills ranging significantly across the county. Zip code 28021 has the highest median home price at $106,025.
Property Tax Assessment Values Across Cherryville, Gaston County, North Carolina
Source: Ownwell
$48,800
$154,335
$259,870
Median Cherryville Market Value
$106,025
Median Gaston County Market Value
$132,190
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cherryville, Gaston County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28021 | $37,555 | $65,268 | $106,025 | $151,160 | $218,170 |
Source: Ownwell
Property Tax Bills Across Cherryville, Gaston County, North Carolina
In Cherryville, located in Gaston County, NC, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this value to determine the annual tax bill. With a median home price of $106,025, homeowners in Cherryville face a median property tax bill that can vary significantly. While the tax bill at the 25th percentile is $1,027, it rises to $2,431 at the 75th percentile, and the top 10% of bills reach $3,285. The median tax bill here is $1,684, which is notably below the national median of $2,400. This variability in tax bills can significantly impact homeowners, especially as property values fluctuate.
Ownwell can assist homeowners in Cherryville by offering property tax appeal services, potentially lowering their tax obligations. By ensuring that properties are assessed accurately, Ownwell helps homeowners save money and avoid overpaying on their property taxes, providing peace of mind and financial relief.
Property Tax Bills Across Cherryville, Gaston County, North Carolina
Source: Ownwell
$1,016
$2,714
$4,411
Median Cherryville Tax Bill
$1,684
Median Gaston County Tax Bill
$2,130
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Cherryville, Gaston County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28021 | $606 | $1,027 | $1,684 | $2,431 | $3,285 |
Source: Ownwell