Hertford County, North Carolina Property Taxes
The median property tax rate in Hertford County is 1.29%, which is significantly higher than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Hertford County, the typical annual property tax bill reaches $793, which is considerably lower than the national median of $2,690. Property taxes in Hertford County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hertford County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Hertford or another part of Hertford County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hertford County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.29%
Estimate Property Tax Bill
$822
$763
Ownwell’s Hertford County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hertford County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hertford County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Hertford County, North Carolina
Property taxes in Hertford County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hertford County is 1.29%, which is higher than both the North Carolina state median and the U.S. national median of 0.99%. Local government entities within Hertford County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hertford County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Hertford County's effective property tax rate with other counties in North Carolina and the national median. For comparison, the city of Murfreesboro has one of the higher property tax rates in North Carolina at 1.50%, while the city of Colerain boasts one of the lowest at 0.92%. Analyzing how Hertford County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hertford County Tax Rate
1.29%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hertford County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ahoskie | 0.84% | 1.03% | 1.35% | 1.65% | 1.65% |
| Aulander | 0.84% | 0.94% | 1.15% | 1.32% | 1.70% |
| Cofield | 0.76% | 0.93% | 1.34% | 1.34% | 1.56% |
| Colerain | 0.76% | 0.84% | 0.92% | 1.10% | 1.21% |
| Como | 0.84% | 0.93% | 1.14% | 1.35% | 1.66% |
| Harrellsville | 0.84% | 0.88% | 1.15% | 1.29% | 1.67% |
| Murfreesboro | 0.84% | 1.07% | 1.50% | 1.50% | 1.61% |
| Winton | 0.84% | 1.02% | 1.49% | 1.49% | 1.49% |
| Woodland | 0.83% | 0.89% | 1.13% | 1.43% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Hertford County, North Carolina
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Hertford County, NC. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hertford County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Hertford County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Hertford County, the highest median tax bill is in Colerain at $983, while Cofield has the lowest at $600. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Hertford County, North Carolina
Source: Ownwell
$48,381
$74,027
$99,672
Average Hertford County Assessed Value
$63,714
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hertford County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ahoskie | $15,999 | $34,558 | $66,621 | $104,992 | $182,824 |
| Aulander | $15,498 | $31,421 | $63,398 | $93,110 | $151,264 |
| Cofield | $11,956 | $22,191 | $48,381 | $92,496 | $148,583 |
| Colerain | $14,898 | $41,823 | $99,672 | $144,621 | $258,014 |
| Como | $15,452 | $32,406 | $63,262 | $110,920 | $189,928 |
| Harrellsville | $16,201 | $31,198 | $64,408 | $116,922 | $198,868 |
| Murfreesboro | $14,175 | $32,557 | $64,321 | $116,607 | $170,445 |
| Winton | $11,112 | $22,323 | $48,704 | $95,750 | $193,362 |
| Woodland | $12,860 | $30,863 | $50,693 | $91,088 | $156,094 |
Source: Ownwell
Property Tax Bills Across Hertford County, North Carolina
In Hertford County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Hertford County is $63,714, and the property tax rate is applied to this value to calculate the tax bill. For instance, homeowners in the 25th percentile can expect a tax bill of around $469, while those in the 75th percentile may see bills closer to $1,245. At the 90th percentile, the tax bill can rise to approximately $1,981. Factors such as property size, location, and market conditions can affect the assessed value and, consequently, the tax bill. Homeowners in Colerain face the highest median tax bill of $983, while those in Cofield experience the lowest at $600. Compared to the national median property tax rate of 0.99%, Hertford County offers a relatively affordable property tax environment for its residents.
Average Hertford County Tax Bill
$793
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Hertford County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ahoskie | $212 | $513 | $851 | $1,314 | $2,087 |
| Aulander | $153 | $475 | $764 | $1,012 | $1,482 |
| Cofield | $127 | $314 | $600 | $1,000 | $1,476 |
| Colerain | $173 | $485 | $983 | $1,441 | $1,781 |
| Como | $142 | $485 | $764 | $1,143 | $1,828 |
| Harrellsville | $147 | $460 | $754 | $1,168 | $1,764 |
| Murfreesboro | $162 | $479 | $809 | $1,451 | $2,161 |
| Winton | $142 | $290 | $645 | $1,167 | $2,039 |
| Woodland | $115 | $436 | $661 | $1,017 | $1,464 |
Source: Ownwell