North Carolina Mortgage Calculator
Calculate your monthly payment in North Carolina, with property tax included using the state's effective rate of 0.66%. See your full amortization schedule and analyze your loan structure.
Pick a state to use its property tax rate. With a keyboard, use the arrow keys and press Enter.
Estimated Monthly Payment
Estimates only. Does not include homeowners insurance, mortgage insurance (PMI), or HOA fees. Property tax uses the state's average effective rate and your actual bill may differ.
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| 1 | $3,577 | $20,695 | $316,423 |
| 2 | $3,816 | $20,455 | $312,607 |
| 3 | $4,072 | $20,200 | $308,535 |
| 4 | $4,345 | $19,927 | $304,191 |
| 5 | $4,636 | $19,636 | $299,555 |
| 6 | $4,946 | $19,325 | $294,609 |
| 7 | $5,277 | $18,994 | $289,332 |
| 8 | $5,631 | $18,641 | $283,701 |
| 9 | $6,008 | $18,264 | $277,694 |
| 10 | $6,410 | $17,861 | $271,284 |
| 11 | $6,839 | $17,432 | $264,444 |
| 12 | $7,297 | $16,974 | $257,147 |
| 13 | $7,786 | $16,485 | $249,361 |
| 14 | $8,308 | $15,964 | $241,053 |
| 15 | $8,864 | $15,407 | $232,189 |
| 16 | $9,458 | $14,814 | $222,732 |
| 17 | $10,091 | $14,180 | $212,641 |
| 18 | $10,767 | $13,505 | $201,874 |
| 19 | $11,488 | $12,784 | $190,386 |
| 20 | $12,257 | $12,014 | $178,129 |
| 21 | $13,078 | $11,193 | $165,051 |
| 22 | $13,954 | $10,317 | $151,097 |
| 23 | $14,888 | $9,383 | $136,208 |
| 24 | $15,886 | $8,386 | $120,323 |
| 25 | $16,949 | $7,322 | $103,373 |
| 26 | $18,085 | $6,187 | $85,289 |
| 27 | $19,296 | $4,976 | $65,993 |
| 28 | $20,588 | $3,683 | $45,405 |
| 29 | $21,967 | $2,305 | $23,438 |
| 30 | $23,438 | $833 | $0 |
Property tax in North Carolina: the numbers
At 0.66%, North Carolina comes in under the 0.92% national average (28% lower). By rate, North Carolina ranks 36th out of 50 when states are ordered from highest rate to lowest.
The median home value in North Carolina is $288,900, and the median annual property tax bill is $1,896. Spread over twelve months, that is about $158 a month in property tax for a median-priced home.
| Effective property tax rate | 0.66% |
|---|---|
| Median home value | $288,900 |
| Median annual property tax | $1,896 |
| Rank by rate (1 = highest of 50) | 36 |
| Difference vs 0.92% national average | 0.26 points below (28% below) |
What this means for your monthly payment
Two worked examples for North Carolina, using the figures above:
Example 1: the median home
$1,896 per year ÷ 12 = about $158 per month in property tax (median home value: $288,900).
Example 2: a $300,000 home
$300,000 × 0.66% ÷ 12 = about $165 per month, or $1,980 per year.
At the 0.92% national average rate, a $300,000 home would have about $2,760 in property tax per year. In North Carolina it is about $1,980, which is $780 less per year (about $65 less per month).
Compare with similar states
States ranked just above and just below North Carolina by effective property tax rate (1 = highest). States with the same rate are ordered by median annual tax.
Ranked just above (higher rate)
- Virginia — 0.73% (rank 31)
- Montana — 0.72% (rank 32)
- Mississippi — 0.72% (rank 32)
- California — 0.70% (rank 34)
- New Mexico — 0.70% (rank 34)
Ranked just below (lower rate)
- Wyoming — 0.57% (rank 37)
- Louisiana — 0.55% (rank 38)
- Arkansas — 0.55% (rank 38)
- West Virginia — 0.53% (rank 40)
- Utah — 0.52% (rank 41)
North Carolina property tax FAQ
What is the property tax rate in North Carolina?
The effective property tax rate in North Carolina is 0.66%. That is 28% below the 0.92% national average, and the state ranks 36th out of 50 when states are ordered from highest rate to lowest.
How much is property tax on a $300,000 home in North Carolina?
At North Carolina's effective rate of 0.66%, property tax on a $300,000 home works out to about $1,980 per year, or about $165 per month. At the 0.92% national average, the same home would be about $2,760 per year, so North Carolina is about $780 less per year.
How much is property tax on the median home in North Carolina?
The median home value in North Carolina is $288,900, and the median annual property tax is $1,896, which is about $158 per month.
Does the property tax rate vary inside North Carolina?
Yes. Property taxes are set locally, so actual bills depend on your county, city, and exemptions. The 0.66% figure is a state-level estimate based on medians, not a rate that applies to every home.
Figures are estimates based on Census data and are not tax or financial advice. Actual bills depend on your local rates, assessed value and exemptions.
Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates, as compiled by PropertyShark and PropertyTaxByState.