Property Taxes in Corapeake, North Carolina
Median Corapeake, North Carolina effective property tax rate: 1.03%, significantly lower than the national median of 1.02%, and higher than the North Carolina state median of 0.81%.
Median Corapeake, North Carolina home value: $128,108
Median annual Corapeake, North Carolina tax bill: $1,267, lower than the national median property tax bill of $2,400.
How are property taxes in Gates calculated?
Property taxes in Corapeake, 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 Corapeake's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Corapeake, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Corapeake Property Tax Calculator Work?
Use this Corapeake property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Corapeake's median effective tax rate of 1.03% — based on actual property records in Gates 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 Corapeake'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 Corapeake: rates range from 1.03% in 27926 to 1.03% in 27926, 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 Corapeake.
About Corapeake Property Taxes
About Property Taxes in Corapeake, Gates, North Carolina
Corapeake’s median effective property tax rate of 1.03% is lower than the North Carolina state median of 0.81% and higher than the national median of 1.02%. This rate reflects the Gates County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Corapeake. Homeowners in the 27926 ZIP code carry a median effective rate of 1.03%, while those in the lowest ZIP also pay 1.03%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Gates County. Understanding which part of Corapeake you live in can make a meaningful difference to your annual tax bill.
Corapeake homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the June 18, 2025 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 Corapeake, Gates 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 Corapeake'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 Corapeake Tax Rate
1.03%
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 Gates County Tax Rate
1.04%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Corapeake, Gates County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27926 | 0.66% | 0.93% | 1.03% | 1.11% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Corapeake, Gates County, North Carolina
When examining property taxes in Corapeake, 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 Gates 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 Gates County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
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 Corapeake is $128,108, with tax bills ranging significantly across the county. Zip code 27926 has the highest median home price at $128,108.
Property Tax Assessment Values Across Corapeake, Gates County, North Carolina
Source: Ownwell
$112,758
$131,805
$150,852
Median Corapeake Market Value
$128,108
Median Gates County Market Value
$119,547
Median North Carolina Market Value
$221,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Corapeake, Gates County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27926 | $47,212 | $86,186 | $128,108 | $186,496 | $258,560 |
Source: Ownwell
Property Tax Bills Across Corapeake, Gates County, North Carolina
Property tax bills in Corapeake are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. For homeowners, that means the tax bill depends on both what the home is worth and how local taxing authorities set their rates.
With a median home price of $128,108, property taxes can still vary widely from one homeowner to another. In Corapeake, the median tax bill is $1,267, which is below the national median property tax bill of $2,400 and also below the national median property tax rate of 1.02%.
Several factors can affect the final bill, including changes in assessed value, local tax rates, and whether a property qualifies for exemptions. The 25th percentile tax bill is $872, while the 75th percentile is $1,682 and the 90th percentile reaches $2,276. For homeowners, these differences can have a meaningful impact on annual housing costs and overall affordability.
Median Corapeake Tax Bill
$1,267
Median Gates County Tax Bill
$1,220
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$3,209
Property Tax Bills Across Corapeake, Gates County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27926 | $499 | $872 | $1,267 | $1,682 | $2,276 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 18 |
Links | |
|---|---|
| Gates Tax Assessor | |
| Website | www.bttaxpayerportal.com |