Elizabeth City, Pasquotank County, North Carolina Property Taxes

Name: Property Tax Bills Across Elizabeth City, Pasquotank County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Elizabeth City, NC effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Elizabeth City, NC home value: $162,100
Median annual Elizabeth City, NC tax bill: $1,415, $985 lower than the national median property tax bill of $2,400.

How are property taxes in Pasquotank County calculated?

Property taxes in Elizabeth City, 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 Elizabeth City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elizabeth City, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Elizabeth City, Pasquotank County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.74%

Estimate Property Tax Bill

$1,200

$1,113

Ownwell’s Elizabeth City Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elizabeth City with just two data points. By entering your property's estimated assessed value, our calculator applies Elizabeth City’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Pasquotank County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Elizabeth City, Pasquotank County, North Carolina

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Elizabeth City’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S. Elizabeth City, located in Pasquotank County, has a median property tax rate of 0.74%, which stands out when compared to the national median of 1.02%. This rate is notably lower, providing a more affordable tax environment than many areas across the country. The uniformity of the tax rate across the city, with both the highest and lowest median rates being the same, reflects a consistency in how property taxes are applied. This can be appealing to property owners seeking stability in their tax obligations.

Property Tax Rates Across Elizabeth City, Pasquotank County, North Carolina

Source: Ownwell

0.74%

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 Elizabeth City Tax Rate

0.74%

Median Effective Pasquotank County Tax Rate

0.74%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elizabeth City, Pasquotank County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27909	0.66%	0.68%	0.74%	1.32%	1.46%

Source: Ownwell

Property Tax Assessment Values Across Elizabeth City, Pasquotank County, North Carolina

When examining property taxes in Elizabeth City, 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 Pasquotank 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 Pasquotank 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 Elizabeth City. For example, the median home price in Elizabeth City is $162,100, with tax bills ranging significantly across the county. Zip code 27909 has the highest median home price at $162,100.

Property Tax Assessment Values Across Elizabeth City, Pasquotank County, North Carolina

Source: Ownwell

$162,100

Median Elizabeth City Market Value

$162,100

Median Pasquotank County Market Value

$162,100

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elizabeth City, Pasquotank County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27909	$53,300	$102,400	$162,100	$237,000	$297,940

Source: Ownwell

Property Tax Bills Across Elizabeth City, Pasquotank County, North Carolina

In Elizabeth City, located in Pasquotank County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The property tax rate is applied to this assessed value to determine the annual tax bill. With a median home price of $162,100, homeowners in Elizabeth City face a range of tax bills. The 25th percentile tax bill is $922, while the 75th percentile is $1,892, and the 90th percentile reaches $2,657. Compared to the national median property tax bill of $2,400, Elizabeth City's tax bills can be notably lower, offering some relief to homeowners. However, understanding the nuances of property assessments and ensuring fair taxation can be complex. This is where Ownwell steps in, providing expert property tax appeal and exemption services. By analyzing your property's assessed value and ensuring it aligns with market trends, Ownwell can help homeowners potentially reduce their tax burden, ensuring they only pay their fair share.

Property Tax Bills Across Elizabeth City, Pasquotank County, North Carolina

Source: Ownwell

$1,415

Median Elizabeth City Tax Bill

$1,415

Median Pasquotank County Tax Bill

$1,415

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Elizabeth City, Pasquotank County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27909	$587	$922	$1,415	$1,892	$2,657

Source: Ownwell