Hobgood, Edgecombe County, North Carolina Property Taxes

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

Median Hobgood, NC effective property tax rate: 1.21%, significantly higher than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Hobgood, NC home value: $68,094
Median annual Hobgood, NC tax bill: $871, $1,529 lower than the national median property tax bill of $2,400.

How are property taxes in Edgecombe County calculated?

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

Last Updated March 1, 2025

Hobgood, Edgecombe County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.14%

Estimate Property Tax Bill

$1,068

$991

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

Property Tax Rates Across Hobgood, Edgecombe County, North Carolina

Local government entities are responsible for setting property tax rates, which can vary significantly within a state. Each year, counties determine their necessary budget to provide public services and then divide this amount by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While the process involves votes and laws, this is essentially how it operates annually.

In Hobgood, located in Edgecombe County, the effective property tax rate is 1.21%, which is notably higher than the national median rate of 1.02%. This rate is consistent throughout the county, as both the highest and lowest median tax rates are 1.21%. When compared to other cities in North Carolina, Hobgood's rate stands out, as it mirrors the highest rate within the state. With a national median property tax bill of $2400, residents in Hobgood may find their tax bills to be above average, reflecting the higher local rate. Understanding these rates is essential for property owners aiming to manage their tax liabilities effectively.

Property Tax Rates Across Hobgood, Edgecombe County, North Carolina

Source: Ownwell

0.89%

1.19%

1.50%

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 Hobgood Tax Rate

1.14%

Median Effective Edgecombe County Tax Rate

0.89%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hobgood, Edgecombe County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27843	1.03%	1.09%	1.14%	1.22%	1.39%

Source: Ownwell

Property Tax Assessment Values Across Hobgood, Edgecombe County, North Carolina

When examining property taxes in Hobgood, 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 Edgecombe County Tax Office 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 Edgecombe 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 Hobgood.

For example, the median home price in Hobgood is $68,094, with tax bills ranging significantly across the county. Zip code 27843 has the highest median home price at $68,094.

Property Tax Assessment Values Across Hobgood, Edgecombe County, North Carolina

Source: Ownwell

$78,883

$98,337

$117,791

Median Hobgood Market Value

$93,668

Median Edgecombe County Market Value

$100,634

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hobgood, Edgecombe County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27843	$43,483	$72,212	$93,668	$128,807	$201,132

Source: Ownwell

Property Tax Bills Across Hobgood, Edgecombe County, North Carolina

In Hobgood, located in Edgecombe County, NC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. With a median home price of $68,094, homeowners in this area face property tax bills that can vary significantly. For instance, the tax bill at the 25th percentile is $600, while at the 75th percentile, it rises to $1,130, and at the 90th percentile, it reaches $1,776. This variation is influenced by factors such as property location, improvements, and market conditions. The median property tax bill in Hobgood is $871, which is below the national median of $2,400, highlighting a relatively affordable tax environment. However, even in areas with lower tax rates, homeowners can benefit from reducing their tax liabilities. Ownwell assists homeowners in Hobgood by providing expert property tax appeal and exemption services, potentially lowering their tax bills. By reviewing assessments and identifying discrepancies, Ownwell helps ensure homeowners only pay their fair share.

Property Tax Bills Across Hobgood, Edgecombe County, North Carolina

Source: Ownwell

$806

$1,407

$2,007

Median Hobgood Tax Bill

$1,077

Median Edgecombe County Tax Bill

$965

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Hobgood, Edgecombe County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27843	$535	$852	$1,077	$1,426	$2,159

Source: Ownwell