Fairfield, Hyde County, North Carolina Property Taxes

Name: Property Tax Bills Across Fairfield, Hyde County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Fairfield, NC effective property tax rate: 0.90%, slightly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%. Median Fairfield, NC home value: $67,866. Median annual Fairfield, NC tax bill: $578, $1,822 lower than the national median property tax bill of $2,400.

How are property taxes in Hyde calculated?

Property taxes in Fairfield, 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 Fairfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fairfield, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fairfield, Hyde County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.93%

Estimate Property Tax Bill

$1,139

$1,057

Ownwell’s Fairfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fairfield with just two data points. By entering your property's estimated assessed value, our calculator applies Fairfield’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hyde County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fairfield, Hyde County, North Carolina

Local government entities in North Carolina set property tax rates, which can vary widely across the state. This variation stems from each county's annual estimation of its budgetary needs to fund local services, which is then divided by the total value of all taxable properties within its jurisdiction. This process results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is essentially the annual procedure. In Fairfield, located in Hyde County, the effective property tax rate is 0.90%. This rate is below the national median property tax rate of 1.02%. When comparing Fairfield’s rate to other cities in North Carolina, it is evident that Fairfield's rate is consistent with the state’s median, offering a relatively affordable property tax environment. This makes Fairfield an attractive location for property owners seeking lower tax obligations compared to the national average, potentially enhancing the appeal of the area for prospective buyers and investors.

Property Tax Rates Across Fairfield, Hyde County, North Carolina

Source: Ownwell

0.92%

0.93%

0.94%

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 Fairfield Tax Rate

0.93%

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 Fairfield, Hyde County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27826	0.92%	0.92%	0.93%	0.94%	0.96%

Source: Ownwell

Property Tax Assessment Values Across Fairfield, Hyde County, North Carolina

When examining property taxes in Fairfield, 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 May. 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 Fairfield. For example, the median home price in Fairfield is $67,866, with tax bills ranging significantly across the county. Zip code 27826 has the highest median home price at $67,866.

Property Tax Assessment Values Across Fairfield, Hyde County, North Carolina

Source: Ownwell

$96,814

$247,138

$397,462

Median Fairfield Market Value

$122,448

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 Fairfield, Hyde County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27826	$34,038	$83,334	$122,448	$254,506	$411,831

Source: Ownwell

Property Tax Bills Across Fairfield, Hyde County, North Carolina

In Fairfield, Hyde County, NC, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects the market value of the property. Homeowners in Fairfield experience a range of tax bills, with the 25th percentile at $303 and the 75th percentile reaching $1,316. The 90th percentile tax bill is $2,850, which highlights the variability in property tax expenses within the area. The median home price in Fairfield is $67,866, which is significantly below the national median, yet property tax bills can still be a significant burden. Compared to the national median property tax bill of $2,400, Fairfield's taxes can be relatively manageable, but they still impact household budgets.

Ownwell assists homeowners by providing property tax appeal and exemption services, potentially lowering their tax bills. By identifying discrepancies in assessments or exploring available exemptions, Ownwell can help reduce the financial strain of property taxes, ensuring homeowners only pay what is fair and accurate.

Property Tax Bills Across Fairfield, Hyde County, North Carolina

Source: Ownwell

$900

$2,385

$3,870

Median Fairfield Tax Bill

$1,111

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 Fairfield, Hyde County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27826	$307	$691	$1,111	$2,396	$3,982

Source: Ownwell