Engelhard, Hyde County, North Carolina Property Taxes
Median Engelhard, NC effective property tax rate: 0.90%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Engelhard, NC home value: $50,948
Median annual Engelhard, NC tax bill: $453, $1,947 lower than the national median property tax bill of $2,400.
How are property taxes in Hyde calculated?
Property taxes in Engelhard, 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 Engelhard’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Engelhard, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Engelhard, Hyde County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$916
$850
Property Tax Rates Across Engelhard, Hyde County, North Carolina
Local government entities determine tax rates, which can vary significantly within a state. This is primarily because each county annually estimates its required budget to provide essential services and divides that amount by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Though votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Engelhard, located in Hyde County, North Carolina, the median property tax rate is 0.90%, which is notably below the national median of 1.02%. This lower rate can be advantageous for property owners, potentially leading to reduced tax bills compared to other regions. When comparing Engelhard's effective property tax rate to other cities in North Carolina, it aligns with the state's median, offering a consistent tax environment for residents.
For those considering property ownership in Engelhard, the favorable tax rate may be an appealing factor, providing potential savings on property taxes while still benefiting from the services funded by these taxes.
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 Engelhard Tax Rate
0.92%
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 Hyde County Tax Rate
0.92%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Engelhard, Hyde County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27824 | 0.78% | 0.92% | 0.92% | 0.92% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Engelhard, Hyde County, North Carolina
When examining property taxes in Engelhard, 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 Hyde 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 Hyde 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 Engelhard. For example, the median home price in Engelhard is $50,948, with tax bills ranging significantly across the county. Zip code 27824 has the highest median home price at $50,948.
Property Tax Assessment Values Across Engelhard, Hyde County, North Carolina
Source: Ownwell
$96,814
$247,138
$397,462
Median Engelhard Market Value
$99,603
Median Hyde County Market Value
$136,630
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Engelhard, Hyde County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27824 | $17,052 | $54,818 | $99,603 | $194,709 | $422,603 |
Source: Ownwell
Property Tax Bills Across Engelhard, Hyde County, North Carolina
Median Engelhard Tax Bill
$918
Median Hyde County Tax Bill
$1,361
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Engelhard, Hyde County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27824 | $172 | $516 | $918 | $1,776 | $3,870 |
Source: Ownwell