Property Taxes in North Carolina
North Carolina's effective property tax rate is 0.62%, ranking #18 out of 50 states (1 = lowest). The median annual property tax paid is $1,798.
North Carolina's property tax rates are moderate by national standards, with rates set by each county and municipality. Urban counties (Mecklenburg/Charlotte, Wake/Raleigh, Durham) tend to have higher rates than rural counties. The state mandates property revaluations at least every eight years, though many counties revalue more frequently. North Carolina offers a homestead exclusion for qualifying seniors and disabled veterans that excludes the greater of $25,000 or 50% of assessed value from taxation.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.62%
Median Annual Tax
$1,798
National Rank
#18 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $1,240 | $103 |
| $300,000 | $1,860 | $155 |
| $400,000 | $2,480 | $207 |
| $500,000 | $3,100 | $258 |
| $750,000 | $4,650 | $388 |
* Based on the average effective rate of 0.62%. Actual rates vary by county and municipality.
Homestead Exemption in North Carolina
Up to $35,000
File for the homestead exemption after purchasing your primary residence in North Carolina to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How North Carolina Compares
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