28531 Property Tax Rate

Property owners in ZIP code 28531 (Harkers Island, North Carolina) pay a median of $1,205/year in property taxes on homes valued at $295,500. This translates to an effective tax rate of 0.41%, which is 43% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 28531 is approximately $100, which factors into escrow payments on mortgages. This ZIP code is located within Carteret County. This is $386 less than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 28531 has lower property taxes. ZIP codes with similar effective rates include 28544 (0.41%) and 28702 (0.41%).

In Harkers Island, property taxes represent approximately 2.1% of the median household income of $58,750, providing context for the relative tax burden on homeowners in this area.

North Carolina assesses property at current market value each year with no statewide cap, and your home will be revalued to reflect the purchase price at sale. Carteret County provides a Homestead Property Tax Exemption ($25,000 reduction for primary residences) and a Senior Exemption program — apply with the Carteret County Tax Assessor's office within 30 days of closing to lock in your exemption. Request a property tax record from the assessor to document your purchase price and monitor for assessment errors.