North Carolina variant. This is a North Carolina-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
North Carolina's effective property tax rate of 0.82% means the owner of a median $320,000 home pays roughly $2,624 per year - a figure that varies widely by state.
How North Carolina property tax is calculated
Property tax = assessed value × local millage rate. The 0.82% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $320,000 North Carolina median home, that works out to about $2,624/year or $219/month - often escrowed into your mortgage payment.
About taxes and housing in North Carolina
North Carolina uses a flat individual income tax rate that has been scheduled to decline over time toward roughly 3.99%.
North Carolina has a moderate effective property tax rate around 0.82%, with median home values near $320,000.
North Carolina's economy spans banking in Charlotte, technology and research in the Research Triangle, and manufacturing and agriculture statewide.
Worked example: tax on a $320,000 home
$320,000 × 0.82% = $2,624 per year. A $500,000 home in North Carolina would owe about $4,100 annually at the same effective rate.
Quick reference
- State income tax: Flat 4.5% (decreasing to 3.99% by 2026)
- State sales tax: 4.75% (plus 2.23% avg local)
- Median home value: $320,000
- Median household income: $70,804
- Effective property tax rate: 0.82%
- Avg auto insurance: $1,230/yr
Frequently Asked Questions
What is the property tax rate in North Carolina?
North Carolina's effective property tax rate averages 0.82% of market value per year.
How much property tax on a $320,000 home in North Carolina?
About $2,624 per year at the 0.82% effective rate.