Cofield, Hertford County, North Carolina Property Taxes
Median Cofield, NC effective property tax rate: 1.34%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Cofield, NC home value: $48,381
Median annual Cofield, NC tax bill: $600, $1,800 lower than the national median property tax bill of $2,400.
How are property taxes in Hertford County calculated?
Property taxes in Cofield, 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 Cofield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cofield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cofield, Hertford County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.31%
Estimate Property Tax Bill
$655
$608
Property Tax Rates Across Cofield, Hertford County, North Carolina
Local government entities determine tax rates, which can vary widely within North Carolina. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Cofield, located in Hertford County, the effective property tax rate is 1.34%. This rate is higher than the national median property tax rate of 1.02%. When comparing Cofield’s rate to other cities in North Carolina, it aligns with the highest and lowest median tax rates in the state, both recorded at 1.34%. This suggests a uniformity in property tax rates within certain areas of the state.
Understanding these rates is crucial for property owners, as they directly impact annual tax bills. With the national median property tax bill at $2,400, residents in Cofield might experience higher property tax bills due to the elevated tax rate.
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 Cofield Tax Rate
1.31%
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 Hertford County Tax Rate
1.29%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cofield, Hertford County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27922 | 0.75% | 0.94% | 1.31% | 1.34% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Cofield, Hertford County, North Carolina
When examining property taxes in Cofield, 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 Hertford County Tax Assessor's 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.
In Hertford 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 Cofield. For example, the median home price in Cofield is $48,381, with tax bills ranging significantly across the county. Zip code 27922 has the highest median home price at $48,381.
Property Tax Assessment Values Across Cofield, Hertford County, North Carolina
Source: Ownwell
$49,864
$75,518
$101,172
Median Cofield Market Value
$49,986
Median Hertford County Market Value
$64,355
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cofield, Hertford County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27922 | $12,179 | $23,993 | $49,986 | $93,172 | $150,081 |
Source: Ownwell
Property Tax Bills Across Cofield, Hertford County, North Carolina
Property tax bills in Cofield, located in Hertford County, NC, are determined by the assessed value of a property and the local tax rate. With a median home price of $48,381, the property tax rate plays a significant role in calculating the tax bill. The local tax bill ranges from $314 at the 25th percentile to $1,476 at the 90th percentile, with the median bill standing at $600, which is significantly lower than the national median property tax bill of $2,400. These taxes fund essential services such as education, infrastructure, and public safety, impacting homeowners by influencing their overall cost of living.
Ownwell can assist homeowners in Cofield by providing expert property tax appeal services. By evaluating a property's assessed value and ensuring it aligns with market conditions, Ownwell helps homeowners potentially reduce their tax liabilities. Through personalized consultations and strategic appeals, homeowners can achieve substantial savings on their property tax bills, ensuring they pay only their fair share.
Median Cofield Tax Bill
$609
Median Hertford County Tax Bill
$801
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Cofield, Hertford County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27922 | $127 | $329 | $609 | $1,040 | $1,509 |
Source: Ownwell