28689 Property Tax Rate

Property owners in ZIP code 28689 (Union Grove, North Carolina) pay a median of $798/year in property taxes on homes valued at $165,200. This translates to an effective tax rate of 0.48%, which is 32% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 28689 is approximately $67, which factors into escrow payments on mortgages. This ZIP code is located within Iredell County. This is $793 less than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 28689 has higher property taxes. ZIP codes with similar effective rates include 28753 (0.48%) and 28327 (0.48%).

In Union Grove, property taxes represent approximately 1.2% of the median household income of $67,643, 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.