28338 Property Tax Rate

Property owners in ZIP code 28338 (Ellerbe, North Carolina) pay a median of $1,166/year in property taxes on homes valued at $161,200. This translates to an effective tax rate of 0.72%, which is near the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 28338 is approximately $97, which factors into escrow payments on mortgages. This ZIP code is located within Richmond County. This is $425 less than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 28338 has lower property taxes. ZIP codes with similar effective rates include 27244 (0.72%) and 28205 (0.72%).

In Ellerbe, property taxes represent approximately 2.0% of the median household income of $58,666, providing context for the relative tax burden on homeowners in this area.

North Carolina revalues property every four years at market value; your assessed value will reset to the purchase price during the next revaluation cycle. Richmond County offers a Homestead Property Tax Exclusion ($20,000–$25,000 depending on age 65+, permanent disability, or widow status with income verification) — submit your application to the Richmond County Tax Assessor's office. Contact the Richmond County Tax Assessor before your first bill to file your homestead exemption claim.