28649 Property Tax Rate

Property owners in ZIP code 28649 (Mc Grady, North Carolina) pay a median of $615/year in property taxes on homes valued at $121,900. This translates to an effective tax rate of 0.50%, which is 29% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 28649 is approximately $51, which factors into escrow payments on mortgages. This ZIP code is located within Wilkes County. This is $976 less than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 28649 has higher property taxes. ZIP codes with similar effective rates include 28739 (0.50%) and 28902 (0.50%).

In Mc Grady, property taxes represent approximately 1.4% of the median household income of $43,391, providing context for the relative tax burden on homeowners in this area.

North Carolina conducts market-value assessments annually without a statewide cap, so plan for a revaluation to your purchase price at closing. Wilkes County offers a Homestead Property Tax Exemption ($25,000 off assessed value for owner-occupied homes) and a Senior Exemption program — apply with the Wilkes County Tax Assessor's office to claim these deductions. After closing, request your property assessment record from the assessor and verify that your purchase price and exemption status are correctly documented.