North Carolina Property Tax Calculator

How are NC property taxes calculated?

NC tax = (appraised value / 100) × tax rate in cents per $100. Most NC counties express their rate as "$X per $100 of value." For example, Wake County rate ~$0.74 per $100 means $7.40 per $1,000 or 0.74% effective rate. Total bill includes county rate + any city/town rate (if in incorporated limits) + fire district or other special district levies.

What is NC's Homestead Exclusion?

NC's Homestead Exclusion exempts the greater of $25,000 or 50% of a home's appraised value from property taxes for homeowners who: are 65+ or permanently disabled, and have income not exceeding $36,700 (2024). For a $300,000 home, that's $150,000 excluded — saving roughly $1,100-$1,300/year at typical county rates. Apply at your county tax assessor by June 1.

How do Charlotte vs Raleigh property taxes compare?

At $400,000 home: Charlotte (Mecklenburg + city) ~$5,240/year (1.31% combined). Raleigh (Wake + city) ~$4,680/year (1.17% combined). Rural NC (unincorporated, low-rate county) can be $2,600-3,200/year (0.65-0.80%). NC's property taxes are moderate for the Southeast — lower than Northeastern states but higher than TX outer suburbs in absolute dollar terms.

When are NC property taxes reappraised?

NC counties must reappraise real property at least every 8 years, but many major counties do it every 4 years (Wake, Mecklenburg). The reappraisal reflects true market value at that date. After reappraisal, the county typically reduces millage rates to be "revenue neutral" — but if your property appreciated faster than average, your tax bill rises. You can appeal an assessment within 30 days of notice.