Creswell, Tyrrell County, North Carolina Property Taxes
Median Creswell, NC effective property tax rate: 0.95%, significantly lower than the national median of 1.02%, but higher than the North Carolina state median of 0.82%.
Median Creswell, NC home value: $49,691
Median annual Creswell, NC tax bill: $682, $1,718 lower than the national median property tax bill of $2,400.
How are property taxes in Tyrrell County calculated?
Property taxes in Creswell, 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 Creswell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Creswell, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Creswell, Tyrrell County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.95%
Estimate Property Tax Bill
$653
$606
Property Tax Rates Across Creswell, Tyrrell County, North Carolina
Local government entities determine property tax rates, which can differ significantly across a state. This variation arises because each county annually calculates its budgetary needs for public services and divides this by the total assessed value of all taxable property within its borders. This process results in the property tax rate. Although setting tax rates and budgets involves votes and legislation, this is essentially the yearly procedure.
In Creswell, located in Tyrrell County, North Carolina, the effective property tax rate is 0.95%, which aligns with the highest and lowest median tax rates in the state, both also at 0.95%. This rate is slightly below the national median property tax rate of 1.02%. Comparing Creswell's property tax rate to the national median, residents benefit from a marginally lower rate, potentially resulting in lower annual property tax bills compared to the national median bill of $2,400. Understanding these tax dynamics can empower property owners in Creswell to make informed decisions about their property investments and tax appeals.
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 Creswell Tax Rate
0.95%
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 Tyrrell County Tax Rate
0.95%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Creswell, Tyrrell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27928 | 0.95% | 0.95% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Creswell, Tyrrell County, North Carolina
When examining property taxes in Creswell, 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 Tyrrell 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 Tyrrell 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 Creswell.
For example, the median home price in Creswell is $49,691, with tax bills ranging significantly across the county. Zip code 27928 has the highest median home price at $49,691.
Property Tax Assessment Values Across Creswell, Tyrrell County, North Carolina
Source: Ownwell
$51,903
$60,304
$68,704
Median Creswell Market Value
$68,704
Median Tyrrell County Market Value
$59,197
Median North Carolina Market Value
$221,500
Median United States Market Value
$235,294
Property Tax Assessment Values Across Creswell, Tyrrell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27928 | $10,800 | $23,971 | $68,704 | $116,541 | $281,853 |
Source: Ownwell
Property Tax Bills Across Creswell, Tyrrell County, North Carolina
Median Creswell Tax Bill
$653
Median Tyrrell County Tax Bill
$563
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$2,400
Property Tax Bills Across Creswell, Tyrrell County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27928 | $103 | $228 | $653 | $1,107 | $2,678 |
Source: Ownwell