Cherryville, Lincoln County, North Carolina Property Taxes
Median Cherryville, NC effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Cherryville, NC home value: $197,849
Median annual Cherryville, NC tax bill: $1,369, $1,031 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln County 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, Lincoln County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$1,485
$1,378
Property Tax Rates Across Cherryville, Lincoln County, North Carolina
Local government entities determine property tax rates, which can differ significantly within a state. This variation is due to each county annually estimating its budgetary needs to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This process results in the property tax rate.
Votes and laws play a role in setting these tax rates and budgets, yet this is the core of how it works each year.
You can compare Cherryville’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 Cherryville Tax Rate
0.64%
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 Lincoln County Tax Rate
0.64%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cherryville, Lincoln County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28021 | 0.53% | 0.62% | 0.64% | 0.66% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Cherryville, Lincoln 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 Lincoln County appraisal district 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 Lincoln 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 $197,849, with tax bills ranging significantly across the county. Zip code 28021 has the highest median home price at $197,849.
Property Tax Assessment Values Across Cherryville, Lincoln County, North Carolina
Source: Ownwell
$212,299
$461,328
$710,357
Median Cherryville Market Value
$232,028
Median Lincoln County Market Value
$317,838
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cherryville, Lincoln County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28021 | $15,175 | $97,898 | $232,028 | $370,391 | $517,732 |
Source: Ownwell
Property Tax Bills Across Cherryville, Lincoln County, North Carolina
In Cherryville, Lincoln County, NC, property tax bills are determined by applying the local tax rate to the assessed value of a home. The assessed value is typically a percentage of the property's market value. Homeowners in Cherryville face a median property tax bill of $1,369, which is significantly lower than the national median property tax bill of $2,400. The tax bill can range from $513 at the 25th percentile to $2,830 at the 90th percentile, reflecting variations in property values and tax rates. These factors can significantly impact homeowners' financial responsibilities.
Ownwell offers a solution for homeowners looking to reduce their property tax bills. By leveraging expertise in property tax appeals, Ownwell helps homeowners ensure their properties are fairly assessed, potentially lowering their tax obligations. This service is particularly beneficial for those whose assessed values do not accurately reflect current market conditions. By partnering with Ownwell, Cherryville homeowners can achieve potential savings and alleviate the burden of high property taxes.
Property Tax Bills Across Cherryville, Lincoln County, North Carolina
Source: Ownwell
$1,534
$2,969
$4,403
Median Cherryville Tax Bill
$1,627
Median Lincoln County Tax Bill
$2,297
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Cherryville, Lincoln County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28021 | $532 | $1,043 | $1,627 | $2,390 | $3,166 |
Source: Ownwell