28733 Property Tax Rate

Property owners in ZIP code 28733 (Fontana Dam, North Carolina) pay a median of $1,202/year in property taxes on homes valued at $270,200. This translates to an effective tax rate of 0.44%, which is 38% below the North Carolina state average of 0.71%.

The monthly property tax burden for a median-valued home in 28733 is approximately $100, which factors into escrow payments on mortgages. This ZIP code is located within Graham County. This is $389 less than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 28733 has lower property taxes. ZIP codes with similar effective rates include 28607 (0.44%) and 28707 (0.45%).

In Fontana Dam, property taxes represent approximately 0.8% of the median household income of $147,738, 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 full revaluation to your purchase price at closing. Graham County offers a Homestead Property Tax Exemption ($25,000 off assessed value for owner-occupied homes) and a Disabled Veterans Exemption — file your application with the Graham County Tax Assessor's office immediately after purchase to secure these benefits. Request your property assessment record from the assessor to verify the purchase price and confirm that all eligible exemptions are on file.