28556 Property Tax Rate

Property owners in ZIP code 28556 (Merritt, North Carolina) pay a median of $1,719/year in property taxes on homes valued at $340,000. This translates to an effective tax rate of 0.51%, which is 29% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 28556 is approximately $143, which factors into escrow payments on mortgages. This ZIP code is located within Pamlico County.

Compared to similar ZIP codes in North Carolina, 28556 has higher property taxes. ZIP codes with similar effective rates include 28777 (0.51%) and 28043 (0.51%).

In Merritt, property taxes represent approximately 2.6% of the median household income of $65,804, 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.