28594 Property Tax Rate

Property owners in ZIP code 28594 (Emerald Isle, North Carolina) pay a median of $2,608/year in property taxes on homes valued at $563,600. This translates to an effective tax rate of 0.46%, which is 35% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 28594 is approximately $217, which factors into escrow payments on mortgages. This ZIP code is located within Carteret County. This is $1,017 more than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 28594 has higher property taxes. ZIP codes with similar effective rates include 28714 (0.46%) and 28712 (0.46%).

In Emerald Isle, property taxes represent approximately 2.9% of the median household income of $89,432, 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.