27305 Property Tax Rate

Property owners in ZIP code 27305 (Milton, North Carolina) pay a median of $1,069/year in property taxes on homes valued at $138,300. This translates to an effective tax rate of 0.77%, which is 8% above the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 27305 is approximately $89, which factors into escrow payments on mortgages. This ZIP code is located within Caswell County. This is $522 less than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 27305 has lower property taxes. ZIP codes with similar effective rates include 28521 (0.77%) and 27377 (0.77%).

In Milton, property taxes represent approximately 2.0% of the median household income of $53,750, providing context for the relative tax burden on homeowners in this area.

North Carolina uses countywide revaluations every four years to establish property values, meaning your purchase price does not automatically reset your tax base until the next scheduled revaluation. Caswell County offers a $25,000 Homestead Property Tax Exclusion for primary residences — submit your application to the Caswell County Tax Assessor's office shortly after closing to activate the exemption. Contact the Caswell County Tax Assessor to obtain the homestead exemption form and file it before the current tax year ends to maximize your savings.