Pantego, Hyde County, North Carolina Property Taxes

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

Median Pantego, 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 Pantego, NC home value: $95,768
Median annual Pantego, NC tax bill: $895, $1,505 lower than the national median property tax bill of $2,400.

How are property taxes in Hyde County calculated?

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

Last Updated March 1, 2025

Pantego, Hyde County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$1,457

$1,352

Ownwell’s Pantego Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pantego with just two data points. By entering your property's estimated assessed value, our calculator applies Pantego’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Pantego, Hyde 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 Pantego’s effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.

Property Tax Rates Across Pantego, 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 Pantego Tax Rate

0.92%

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 Pantego, Hyde County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27860	0.92%	0.92%	0.92%	0.92%	1.32%

Source: Ownwell

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

When examining property taxes in Pantego, 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 Pantego. For example, the median home price in Pantego is $95,768, with tax bills ranging significantly across the county. Zip code 27860 has the highest median home price at $95,768.

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

Source: Ownwell

$96,814

$247,138

$397,462

Median Pantego Market Value

$158,361

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 Pantego, Hyde County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27860	$16,424	$71,436	$158,361	$249,665	$292,984

Source: Ownwell

Property Tax Bills Across Pantego, Hyde County, North Carolina

In Pantego, property tax bills are calculated based on the assessed value of a home, which is determined by the Hyde County tax assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. In Pantego, the median property tax bill stands at $895, which is significantly lower than the national median of $2,400. Factors such as the property's location, size, and market conditions can influence the assessed value, impacting the homeowner's tax bill. For instance, homeowners in the 90th percentile pay up to $1,699, reflecting variations in property values across the area. This can be a financial burden for some homeowners, especially when compared to the national median property tax rate of 1.02%. Ownwell assists homeowners by identifying potential savings through property tax appeals and exemptions. By leveraging expertise in local tax regulations, Ownwell can help ensure that homeowners are not overpaying, potentially saving them hundreds of dollars annually on their property tax bills.

Property Tax Bills Across Pantego, Hyde County, North Carolina

Source: Ownwell

$900

$2,385

$3,870

Median Pantego Tax Bill

$1,645

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 Pantego, Hyde County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27860	$291	$903	$1,645	$2,297	$2,699

Source: Ownwell