Cordova, Richmond County, North Carolina Property Taxes
Median Cordova, NC effective property tax rate: 1.23%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Cordova, NC home value: $34,878
Median annual Cordova, NC tax bill: $405, $1,995 lower than the national median property tax bill of $2,400.
How are property taxes in Richmond County calculated?
Property taxes in Cordova, 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 Cordova’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cordova, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cordova, Richmond County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.09%
Estimate Property Tax Bill
$465
$432
Property Tax Rates Across Cordova, Richmond County, North Carolina
Local government entities determine tax rates, leading to significant variation within a state. This is because each county annually estimates its budgetary needs to provide essential services and divides this by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual process.
In Cordova, located in Richmond County, North Carolina, the effective property tax rate can be compared to other cities within the state and to both the state and national medians. North Carolina has a median property tax rate of 0.85%, which is below the national median of 1.02%. This means that homeowners in Cordova may benefit from a relatively lower tax burden compared to the national average. Understanding these rates can help property owners make informed decisions about appealing assessments or seeking exemptions. By evaluating how Cordova's tax rate aligns with broader trends, property owners can better navigate the complexities of property taxation and potentially reduce their tax liabilities.
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 Cordova Tax Rate
1.09%
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 Richmond County Tax Rate
0.91%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cordova, Richmond County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28330 | 0.54% | 0.85% | 1.09% | 1.25% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Cordova, Richmond County, North Carolina
When examining property taxes in Cordova, 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 Richmond 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 Richmond 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 Cordova.
For example, the median home price in Cordova is $34,878, with tax bills ranging significantly across the county. Zip code 28330 has the highest median home price at $34,878.
Property Tax Assessment Values Across Cordova, Richmond County, North Carolina
Source: Ownwell
$42,682
$89,714
$136,746
Median Cordova Market Value
$42,682
Median Richmond County Market Value
$89,022
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cordova, Richmond County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28330 | $4,209 | $18,754 | $42,682 | $58,651 | $85,037 |
Source: Ownwell
Property Tax Bills Across Cordova, Richmond County, North Carolina
Median Cordova Tax Bill
$493
Median Richmond County Tax Bill
$813
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Cordova, Richmond County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28330 | $40 | $198 | $493 | $663 | $842 |
Source: Ownwell