27278 Property Tax Rate

Property owners in ZIP code 27278 (Hillsborough, North Carolina) pay a median of $3,091/year in property taxes on homes valued at $380,000. This translates to an effective tax rate of 0.81%, which is 14% above the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 27278 is approximately $258, which factors into escrow payments on mortgages. This ZIP code is located within Orange County. This is $1,500 more than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 27278 has lower property taxes. ZIP codes with similar effective rates include 28472 (0.81%) and 28027 (0.81%).

In Hillsborough, property taxes represent approximately 3.0% of the median household income of $101,821, providing context for the relative tax burden on homeowners in this area.

North Carolina reassesses all properties countywide every four years at fair market value; your purchase price does not immediately change your tax assessment, but will be reflected in the next scheduled revaluation (2025 for Orange County). Orange County provides a $25,000 Homestead Property Tax Exclusion for primary residences — apply with the Orange County Tax Assessor after closing to reduce your taxable value. File your homestead exemption immediately with the Orange County Tax Assessor and request a confirmation letter stating the exclusion amount for your records.