Henrico, Northampton County, North Carolina Property Taxes

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

Median HENRICO, NC effective property tax rate: 0.91%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median HENRICO, NC home value: $362,565
Median annual HENRICO, NC tax bill: $3,243, $843 higher than the national median property tax bill of $2,400.

How are property taxes in Northampton calculated?

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

Last Updated March 1, 2025

Henrico, Northampton County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.91%

Estimate Property Tax Bill

$3,299

$3,062

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

Property Tax Rates Across Henrico, Northampton County, North Carolina

Local government entities determine tax rates, which can differ significantly within a state. Each county calculates its required budget to fund services and divides that by the total value of all taxable property in its area. This process establishes the property tax rate. While votes and regulations play a role in setting tax rates and budgets, this is essentially the annual procedure.

In Henrico, Northampton County, the effective property tax rate is 0.91%, which aligns with the highest and lowest rates in the area. Comparatively, this rate is slightly below the national median of 1.02%. This means residents in Henrico benefit from a lower tax rate compared to many other parts of the country. When assessing property taxes, it's crucial to consider both the rate and the assessed value of the property, as these factors together determine the actual tax bill. Understanding these differences can help property owners make informed decisions about their investments and potential savings through tax appeals or exemptions.

Property Tax Rates Across Henrico, Northampton County, North Carolina

Source: Ownwell

0.91%

1.18%

1.46%

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 Henrico Tax Rate

0.91%

Median Effective Northampton County Tax Rate

1.04%

Median Effective North Carolina Tax Rate

0.82%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Henrico, Northampton County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27842	0.87%	0.87%	0.91%	0.94%	1.15%

Source: Ownwell

Property Tax Assessment Values Across Henrico, Northampton County, North Carolina

When examining property taxes in Henrico, 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 Northampton County Tax Assessor 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 Northampton 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 Henrico. For example, the median home price in Henrico is $362,565, with tax bills ranging significantly across the county. Zip code 27842 has the highest median home price at $362,565.

Property Tax Assessment Values Across Henrico, Northampton County, North Carolina

Source: Ownwell

$52,059

$207,312

$362,565

Median Henrico Market Value

$362,565

Median Northampton County Market Value

$67,893

Median North Carolina Market Value

$197,136

Median United States Market Value

$235,294

Property Tax Assessment Values Across Henrico, Northampton County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27842	$9,184	$74,139	$362,565	$613,949	$851,378

Source: Ownwell

Property Tax Bills Across Henrico, Northampton County, North Carolina

In Henrico, Northampton County, NC, property tax bills are calculated based on the assessed value of a property. This value is determined by the county assessor and reflects the market value of the home. The property tax rate is then applied to this assessed value to determine the annual tax bill. With a median home price of $362,565, homeowners in Henrico can expect varying tax bills. The 25th percentile tax bill is $863, while the 75th percentile reaches $5,532, and the 90th percentile can be as high as $7,746. This range indicates significant variability, impacting homeowners differently based on their property's assessed value. Compared to the national median property tax bill of $2,400, Henrico's tax bills can be considerably higher, especially at the upper percentiles. Ownwell helps homeowners by providing expert property tax appeal and exemption services, potentially reducing their tax burden. By leveraging local knowledge and expertise, Ownwell can identify opportunities for savings, ensuring homeowners pay only their fair share.

Property Tax Bills Across Henrico, Northampton County, North Carolina

Source: Ownwell

$650

$1,947

$3,243

Median Henrico Tax Bill

$3,243

Median Northampton County Tax Bill

$808

Median North Carolina Tax Bill

$1,615

Median United States Tax Bill

$2,400

Property Tax Bills Across Henrico, Northampton County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27842	$87	$863	$3,243	$5,532	$7,746

Source: Ownwell