27950 Property Tax Rate

Property owners in ZIP code 27950 (Knotts Island, North Carolina) pay a median of $1,225/year in property taxes on homes valued at $236,500. This translates to an effective tax rate of 0.52%, which is 28% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 27950 is approximately $102, which factors into escrow payments on mortgages. This ZIP code is located within Currituck County. This is $366 less than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 27950 has lower property taxes. ZIP codes with similar effective rates include 28748 (0.52%) and 27281 (0.52%).

In Knotts Island, property taxes represent approximately 1.5% of the median household income of $83,125, providing context for the relative tax burden on homeowners in this area.

North Carolina does not reassess property at sale — your property tax depends on Currituck County's revaluation schedule, not purchase price, giving you exceptional stability in this high-value market. Currituck County offers Senior Exemptions (age 65+) and Homestead Exemptions — submit your exemption application to the Currituck County Tax Assessor within 30 days of purchase to secure available relief. Request your current assessment and property card from the Currituck County Tax Assessor, verify the land and building values are reasonable for your location, and mark the county's appeal deadline (typically June 1) for any assessment disputes.