28422 Property Tax Rate

Property owners in ZIP code 28422 (Bolivia, North Carolina) pay a median of $1,413/year in property taxes on homes valued at $295,000. This translates to an effective tax rate of 0.48%, which is 33% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 28422 is approximately $118, which factors into escrow payments on mortgages. This ZIP code is located within Brunswick County.

Compared to similar ZIP codes in North Carolina, 28422 has higher property taxes. ZIP codes with similar effective rates include 27960 (0.48%) and 28761 (0.48%).

In Bolivia, property taxes represent approximately 2.1% of the median household income of $67,883, providing context for the relative tax burden on homeowners in this area.

North Carolina revalues property every four years at market value; your home will be reassessed to the purchase price during the next revaluation cycle. Brunswick County offers a Homestead Property Tax Exclusion ($20,000–$25,000 off assessed value) for seniors 65+, permanently disabled homeowners, or widows with qualifying income — submit your application to the Brunswick County Tax Assessor's office. Contact the Brunswick County Tax Assessor immediately after closing to file your homestead exemption claim.