Cumberland County, NC Property Tax Search
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In-depth Cumberland County, NC Property Tax Information
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See detailed property tax information from the sample report for 512 rempstone Ln, Cumberland County, NC
Property Tax Calculation
Property tax in North Carolina is a locally assessed tax, collected by the counties. The State Department of Revenue is responsible for listing, appraising and assessing all real estate estate within the counties. State legislation requires each county to reappraise real property, land, buildings and other improvements, at least once every eight years. However, it also allows them to revalue more frequently at their discretion.
Market Value
The Cumberland County Revenue Department establishes the appraised value, also known as market value, for all taxable property within the county. Market value has been defined by The Supreme Court as the sale price of real estate as agreed upon between a willing buyer and willing seller, with neither being under duress to buy or sell.
The sales comparison approach uses analysis of recent comparable sales to value subject properties. The sales comparison approach is used to estimate property at its fair market value. Cost tries to replicate market value by adding an estimate of land value to the difference between the cost of the improvements and total depreciation. The cost approach is most applicable to industrial and special use properties for which market and/or income data is scarce or nonexistent.
Assessed Value
Property taxes are based on the assessed value of the property, which are calculated based on market values and a predetermined ratio. North Carolina General Statutes require that real estate be assessed at 100% of its market value as of January 1 of each reappraisal year.
Exemptions and Taxable Value
Cumberland County provides taxpayers with several Property Tax Relief Programs which may lower the property's tax bill. These are deducted from the assessed value to give the property's taxable value.
We have no information about whether any exemptions apply to this property, therefore the taxable value is equal to the assessed value.
Property Tax
Base tax is calculated by multiplying the property's assessed value by the corresponding tax rates and is an estimate of what an owner not benefiting from any exemptions would pay.
Special fees are applicable in Cumberland County and they are added to give the property's current tax.
Actual taxes might differ from the figures displayed here due to various abatements and financial assistance programs. For more information please visit the web pages of Cumberland County's Tax Administration or look up this property's current valuation and tax situation.
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Cumberland County Stats for Property Taxes
For an easier overview of the difference in tax rates between counties, explore the charts below. You can also get additional insights on median home values, income levels and homeownership rates in your area.
Effective tax rate (%)
1.06% of Assessed Home Value
0.73% of Assessed Home Value
1.02% of Assessed Home Value
Median real estate taxes paid
$1,767
$1,724
$2,869
Median home value
$166,600
$234,900
$281,900
Median income
$55,551
$66,186
$75,149
Owner occupied housing (%)
52.6%
66.2%
64.8%
Renter occupied housing (%)
47.4%
33.8%
35.2%
Frequently Asked Questions on Property Taxes
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