28510 Property Tax Rate

Property owners in ZIP code 28510 (Arapahoe, North Carolina) pay a median of $1,362/year in property taxes on homes valued at $261,300. This translates to an effective tax rate of 0.52%, which is 27% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 28510 is approximately $114, which factors into escrow payments on mortgages. This ZIP code is located within Pamlico County. This is $229 less than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 28510 has higher property taxes. ZIP codes with similar effective rates include 27972 (0.52%) and 28127 (0.52%).

In Arapahoe, property taxes represent approximately 2.2% of the median household income of $62,917, providing context for the relative tax burden on homeowners in this area.

North Carolina values property at market value with no annual growth cap, so expect a full reassessment to your purchase price at closing. Pamlico County offers a Homestead Property Tax Exemption ($25,000 off assessed value) and a Disabled Veterans Exemption — submit your application to the Pamlico County Tax Assessor immediately after purchase. Verify that your exemption has been processed on your next tax bill and request a review if the assessed value exceeds your purchase price.