28714 Property Tax Rate

Property owners in ZIP code 28714 (Burnsville, North Carolina) pay a median of $1,000/year in property taxes on homes valued at $216,200. 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 28714 is approximately $83, which factors into escrow payments on mortgages. This ZIP code is located within Yancey County. This is $591 less than the North Carolina average of $1,591/year.

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

In Burnsville, property taxes represent approximately 1.8% of the median household income of $56,551, providing context for the relative tax burden on homeowners in this area.

North Carolina reassesses all properties at current market value upon sale with no state cap on increases — your purchase price will become the new tax base for Yancey County. Yancey County provides a $25,000 Homestead Exemption for owner-occupied primary residences; submit your application to the Yancey County Tax Assessor within 30 days of taking title. File your exemption claim promptly at the Yancey County Tax Assessor's office and request a copy of your Notice of Valuation to verify the assessed value is accurate.