Elm City, Edgecombe County, North Carolina Property Taxes
Median Elm City, NC effective property tax rate: 1.16%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Elm City, NC home value: $70,098
Median annual Elm City, NC tax bill: $810, $1,590 lower than the national median property tax bill of $2,400.
How are property taxes in Edgecombe calculated?
Property taxes in Elm 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 Elm City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elm City, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elm City, Edgecombe County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.16%
Estimate Property Tax Bill
$813
$755
Property Tax Rates Across Elm City, Edgecombe County, North Carolina
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 Elm City Tax Rate
1.16%
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 Edgecombe County Tax Rate
0.95%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elm City, Edgecombe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27822 | 1.01% | 1.08% | 1.16% | 1.24% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Elm City, Edgecombe County, North Carolina
When examining property taxes in Elm 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 Edgecombe 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 Edgecombe County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Elm City. For example, the median home price in Elm City is $70,098, with tax bills ranging significantly across the county. Zip code 27822 has the highest median home price at $70,098.
Property Tax Assessment Values Across Elm City, Edgecombe County, North Carolina
Source: Ownwell
$59,488
$71,524
$83,559
Median Elm City Market Value
$70,098
Median Edgecombe County Market Value
$68,521
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elm City, Edgecombe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27822 | $22,158 | $37,214 | $70,098 | $120,051 | $183,427 |
Source: Ownwell
Property Tax Bills Across Elm City, Edgecombe County, North Carolina
In Elm City, located in Edgecombe County, NC, property tax bills are determined based on the assessed value of a home. With a median home price of $70,098, the tax bill varies significantly, reflecting the assessed value and applicable tax rates. Homeowners in Elm City can expect a property tax bill ranging from $512 at the 25th percentile to $2,094 at the 90th percentile. The highest and lowest median tax bill recorded in the area is $810, which is below the national median property tax bill of $2,400. This discrepancy highlights the impact of local tax rates and home values on the overall tax burden.
For homeowners, these property taxes can be a substantial annual expense, influencing their financial planning. Ownwell offers a way to potentially reduce these costs through expert property tax appeal and exemption services. By leveraging local market insights and tax expertise, Ownwell helps homeowners identify opportunities for tax savings, ensuring they only pay their fair share. This assistance can lead to significant savings and alleviate the financial pressure associated with property taxes.
Median Elm City Tax Bill
$810
Median Edgecombe County Tax Bill
$709
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Elm City, Edgecombe County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27822 | $312 | $512 | $810 | $1,349 | $2,094 |
Source: Ownwell