North Carolina

North Carolina has an effective property tax rate of 0.76%, with a median annual property tax of $2,100. Properties are assessed at 100.0% of market value and reassessed every 4 years minimum (counties may choose more frequent, up to 8-year maximum between revaluations). Payments are due annual.

Effective Rate

0.76%

Assessment Ratio

100.0%

Median Annual Tax

$2,100

Payment Frequency

Annual

Appeal Deadline

Within 30 days of assessment notice (typically by May-June for revaluation year) to County Board of Equalization and Review

Due Dates

Due September 1; delinquent after January 5. Some counties bill in July with due date in September.

Reassessment Cycle

Every 4 years minimum (counties may choose more frequent, up to 8-year maximum between revaluations)

Homestead Exception

Homestead exclusion for elderly (65+) and permanently disabled: first $25,000 or 50% of assessed value (whichever is greater) excluded if income under $36,700

Key Notes

Assessment at 100% of market value (use value available for agricultural/forestry land). Machinery Act governs property tax. County commissioners set rates. Revaluation years create tax shifts that can significantly impact individual bills.

Late Penalty

2% penalty on first month after January 5; 0.75% per month thereafter (total max approximately 10%)

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