28682 Property Tax Rate

Property owners in ZIP code 28682 (Terrell, North Carolina) pay a median of $2,910/year in property taxes on homes valued at $595,100. This translates to an effective tax rate of 0.49%, which is 32% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 28682 is approximately $243, which factors into escrow payments on mortgages. This ZIP code is located within Catawba County. This is $1,319 more than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 28682 has lower property taxes. ZIP codes with similar effective rates include 27920 (0.49%) and 28528 (0.49%).

In Terrell, property taxes represent approximately 3.0% of the median household income of $96,949, providing context for the relative tax burden on homeowners in this area.

North Carolina values property at current market value annually with no statewide growth cap, so anticipate a full reassessment to purchase price upon sale. Catawba County offers a Homestead Property Tax Exemption ($25,000 off assessed value for owner-occupied homes) and a Senior Exemption program — submit your application to the Catawba County Tax Assessor's office within the first year of ownership to claim benefits. Review your property record card from the assessor to ensure the purchase price and exemption details are accurately recorded.