27938 Property Tax Rate

Property owners in ZIP code 27938 (Gatesville, North Carolina) pay a median of $929/year in property taxes on homes valued at $119,200. This translates to an effective tax rate of 0.78%, which is 9% above the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 27938 is approximately $77, which factors into escrow payments on mortgages. This ZIP code is located within Gates County. This is $662 less than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 27938 has lower property taxes. ZIP codes with similar effective rates include 27243 (0.78%) and 28083 (0.78%).

In Gatesville, property taxes represent approximately 1.9% of the median household income of $49,757, providing context for the relative tax burden on homeowners in this area.

North Carolina does not reassess property at sale — your property tax is determined by Gates County's revaluation schedule, not your purchase price, insulating you from immediate increases. Gates County offers Senior Exemptions (age 65+) and Homestead Exemptions — contact the Gates County Tax Assessor within 30 days of purchase to apply and verify your eligibility for relief. Request your current assessment and property card from the Gates County Tax Assessor, confirm the appraised value is reasonable for your location and condition, and mark the county's typical June 1 appeal deadline for any valuation challenges.