28677 Property Tax Rate

Property owners in ZIP code 28677 (Statesville, North Carolina) pay a median of $1,249/year in property taxes on homes valued at $207,000. This translates to an effective tax rate of 0.60%, which is 16% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 28677 is approximately $104, which factors into escrow payments on mortgages. This ZIP code is located within Iredell County. This is $342 less than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 28677 has lower property taxes. ZIP codes with similar effective rates include 28449 (0.60%) and 28745 (0.60%).

In Statesville, property taxes represent approximately 2.1% of the median household income of $59,081, providing context for the relative tax burden on homeowners in this area.

North Carolina revalues property every four years at market value; your home will be reassessed to the purchase price during the next revaluation cycle. Iredell County offers a Homestead Property Tax Exclusion reducing assessed value by $20,000–$25,000 for homeowners 65+, permanently disabled, or widows (income limits apply) — file the application with the Iredell County Tax Assessor's office. Contact the Iredell County Tax Assessor before your first tax bill to submit your homestead exemption claim.