28762 Property Tax Rate

Property owners in ZIP code 28762 (Old Fort, North Carolina) pay a median of $855/year in property taxes on homes valued at $176,300. 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 28762 is approximately $71, which factors into escrow payments on mortgages. This ZIP code is located within McDowell County. This is $736 less than the North Carolina average of $1,591/year.

Compared to similar ZIP codes in North Carolina, 28762 has lower property taxes. ZIP codes with similar effective rates include 28754 (0.49%) and 28742 (0.48%).

In Old Fort, property taxes represent approximately 1.6% of the median household income of $52,269, providing context for the relative tax burden on homeowners in this area.

North Carolina reassesses all properties at market value when transferred with no statewide annual cap — McDowell County will establish your tax base at the purchase price. McDowell County offers a $25,000 Homestead Exemption for primary residences; apply with the McDowell County Tax Assessor within 30 days of closing to lower your taxable assessed value. File your Homestead Exemption immediately at the McDowell County Tax Assessor's office and request your assessed value notice to confirm the exemption was applied correctly.