Property Taxes in Cove City, North Carolina
Median Cove City, North Carolina effective property tax rate: 0.54%, significantly lower than the national median of 1.02%, and lower than the North Carolina state median of 0.81%.
Median Cove City, North Carolina home value: $125,800
Median annual Cove City, North Carolina tax bill: $734, lower than the national median property tax bill of $2,400.
How are property taxes in Craven calculated?
Property taxes in Cove City, North Carolina 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 Cove City's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cove City, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Cove City Property Tax Calculator Work?
Use this Cove City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Cove City’s median effective tax rate of 0.54% — based on actual property records in Craven County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Cove City’s median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Cove City: rates range from 0.54% in 28523 to 0.54% in 28523, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Cove City.
About Cove City Property Taxes
About Property Taxes in Cove City, Craven, North Carolina
Cove City’s median effective property tax rate of 0.54% is lower than the North Carolina state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Craven County levy combined with local school district levies and special assessment districts that can vary by subdivision throughout the city.
Property tax rates are not uniform across Cove City. Homeowners in ZIP code 28523 carry a median effective rate of 0.54%, and the same ZIP code also has the lowest median rate of 0.54%. That means the local tax burden is consistent across the area, but your assessed value still plays a major role in what you pay each year.
Cove City homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the May 4, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Cove City, Craven County, North Carolina
As noted earlier, local government entities set tax rates, which can vary widely within a 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 Cove 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.
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 Cove City Tax Rate
0.54%
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 Craven County Tax Rate
0.66%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Cove City, Craven County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28523 | 0.49% | 0.51% | 0.54% | 0.59% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Cove City, Craven County, North Carolina
When examining property taxes in Cove City, North Carolina, 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 Craven County tax office 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 Craven County are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Cove City is $125,800, with the median tax bill at $734. The highest median home price is also $125,800 in zip code 28523, where the median tax bill is $734. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, Cove City property taxes are notably lower.
Property Tax Assessment Values Across Cove City, Craven County, North Carolina
Source: Ownwell
$105,180
$252,040
$398,900
Median Cove City Market Value
$125,800
Median Craven County Market Value
$193,035
Median North Carolina Market Value
$221,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Cove City, Craven County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28523 | $18,648 | $71,412 | $125,800 | $193,852 | $259,799 |
Source: Ownwell
Property Tax Bills Across Cove City, Craven County, North Carolina
Property tax bills in Cove City are based on the assessed value of a home and the local tax rate set by Craven County and other taxing authorities. For a home with a median home price of $125,800, the bill reflects how local governments value the property for tax purposes rather than what a homeowner paid for it. The amount owed can vary depending on exemptions, local levies, and any changes in assessed value.
For many homeowners, the tax bill is a meaningful part of annual housing costs. In Cove City, the 25th percentile tax bill is $390, while the 75th percentile is $1,082 and the 90th percentile is $1,475. The median tax bill is $734, which is well below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. This means homeowners in Cove City often pay less than the typical U.S. homeowner, but rising assessments can still increase the amount due.
Median Cove City Tax Bill
$734
Median Craven County Tax Bill
$1,338
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$3,209
Property Tax Bills Across Cove City, Craven County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 28523 | $106 | $390 | $734 | $1,082 | $1,475 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 10 |
Links | |
|---|---|
| Craven Tax Assessor | |
| Website | gis.cravencountync.gov |