Tyrrell County, North Carolina Property Taxes
Median Tyrrell County effective property tax rate: 1.22%, significantly higher than the national median of 1.02%. Median Tyrrell County home value: $54,954. Median annual Tyrrell County tax bill: $781, $1,619 lower than the national median property tax bill of $2,400. Property taxes in Tyrrell County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Columbia or another part of Tyrrell County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tyrrell County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.22%
Estimate Property Tax Bill
$670
$622
Ownwell’s Tyrrell County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Tyrrell County with just two data points. By entering your property's estimated assessed value, our calculator applies Tyrrell County’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 more 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 Tyrrell County. For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Tyrrell County, North Carolina
Local government entities in North Carolina set tax rates, which can vary widely within the state. Why? Because 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 Tyrrell County's effective property tax rate to other counties in North Carolina or the U.S. median property tax rate. Tyrrell County has a median property tax rate of 1.22%, which is higher than the national median of 1.02%. Within North Carolina, Columbia boasts the highest median property tax rate at 1.24%, while Creswell enjoys the lowest at 0.95%. These variations highlight the importance of understanding local tax rates, as they can significantly impact property tax bills, which nationally average $2,400.
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 Tyrrell County Tax Rate
1.22%
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 North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Tyrrell County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Columbia | 0.94% | 0.95% | 1.24% | 1.67% | 2.15% |
| Creswell | 0.39% | 0.85% | 0.95% | 1.34% | 1.95% |
| Fairfield | 0.41% | 0.95% | 1.20% | 1.48% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Tyrrell County, North Carolina
When examining property taxes in Tyrrell County, 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 Tyrrell 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. Assessment notices: In Tyrrell 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 Tyrrell County. For example, the median tax bill in Tyrrell County is $801, with tax bills ranging significantly across the county. Columbia has the highest median home price at $55,964.
Property Tax Assessment Values Across Tyrrell County, North Carolina
Source: Ownwell
$42,168
$49,066
$55,964
Median Tyrrell County Market Value
$54,954
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Tyrrell County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Columbia | $9,689 | $22,273 | $55,964 | $105,142 | $193,649 |
| Creswell | $4,023 | $13,188 | $49,691 | $99,850 | $270,268 |
| Fairfield | $4,091 | $15,206 | $42,168 | $73,314 | $140,521 |
Source: Ownwell
Property Tax Bills Across Tyrrell County, North Carolina
In Tyrrell County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county's assessment office. The median home price in Tyrrell County is $54,954. Property taxes are then levied on this assessed value, and the tax bill can vary significantly across different homes. For instance, homeowners in the 25th percentile pay around $427, while those in the 75th percentile face a tax bill of approximately $1,294. At the 90th percentile, the tax bill can reach up to $2,152. These figures illustrate the range of property tax burdens within the county. Compared to the national median property tax bill of $2,400, Tyrrell County's tax bills tend to be lower, offering some relief to homeowners. However, the impact of property taxes on homeowners can still be substantial, affecting their overall financial planning and homeownership costs. The county's highest median tax bill is $801 in Columbia, while Fairfield has the lowest at $663, reflecting the variability within the region.
Median Tyrrell County Tax Bill
$781
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Tyrrell County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Columbia | $152 | $439 | $801 | $1,304 | $2,183 |
| Creswell | $114 | $305 | $682 | $1,047 | $1,802 |
| Fairfield | $142 | $258 | $663 | $1,108 | $1,721 |
Source: Ownwell