27816 Property Tax Rate

Property owners in ZIP code 27816 (Castalia, North Carolina) pay a median of $653/year in property taxes on homes valued at $112,100. This translates to an effective tax rate of 0.58%, which is 18% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 27816 is approximately $54, which factors into escrow payments on mortgages. This ZIP code is located within Franklin County. This is $938 less than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 27816 has higher property taxes. ZIP codes with similar effective rates include 27009 (0.58%) and 27926 (0.58%).

In Castalia, property taxes represent approximately 2.1% of the median household income of $31,806, providing context for the relative tax burden on homeowners in this area.

North Carolina revalues properties countywide every four years using fair market value assessments, not at individual sales — Franklin County's next revaluation will update your home's assessed value. Franklin County provides a $25,000 Homestead Property Tax Exclusion for owner-occupied residences — apply with the Franklin County Tax Assessor within 30 days of closing to reduce your assessed value. File your homestead exemption at the Franklin County Tax Assessor's office and request confirmation that the $25,000 exclusion has been properly applied to your account.