ideal-LIVING Retirement and Relocation Blog

Taxes in North Carolina vs. Taxes in the Northeast

Benjamin Franklin said, “In this world nothing can be said to be certain, except death and taxes.” This is a very true statement, but what he doesn’t say is that you can choose how much you pay in taxes each year. Why pay more property tax on your home than you need to?

Best Places to Retire in North Carolina - Lower Property Taxes in North Carolina - Compass Pointe - Brunswick CountyOne of the many perks of relocating to North Carolina from the Northeast, other than the milder weather, is the lower property taxes. It is widely known that states in the Northeast tend to pay higher taxes than states in the Southeast, but how much more? According to Tax-rates.org, North Carolina has one of the lowest median property tax rates in the nation, ranked 36th, with a median property tax of $1,209 per year for a home with a median value of $155,500. Compass Pointe’s home, Brunswick County, has even lower median property taxes than the state median, at $933 per year. The counties of North Carolina collect an average of 0.78% of a property’s assessed fair market value in property taxes per year, 31st out of the 50 states. We can compare that to 1.23% of a property’s assessed fair market value in New York and 1.89% in New Jersey.

New York is ranked as the 4th highest out of the 50 states for median property taxes in the country, and it has the two counties with the highest median property taxes in the country, Westchester and Nassau respectively. New York is also ranked 6th highest for property taxes as a percentage of median income, and is ranked 17th highest for taxes paid as a percentage of median property value. Meanwhile, North Carolina is ranked 34th out of 50 for property taxes paid as a percentage of median income.

New Jersey is ranked as having the highest median property taxes, highest taxes as a percentage of income and highest taxes as a percentage of property value in the country. The median property tax amount for New Jersey property owners is $6,579 per year. Overall, North Carolina is ranked significantly lower than both New York and New Jersey when it comes to property tax statistics.

People relocate to North Carolina from the Northeast for many reasons, one of the major reasons being the lower property tax rates. So why not pay less for your dream lifestyle? Living on the coast of North Carolina has never been easier or more affordable, and your relaxed lifestyle will be an additional perk.


Request Information from These North Carolina Communities

Logan Homes - Home Builders in Premier North Carolina Communities

Logan Homes - Home Builders in Premier North Carolina Communities

Leland, North Carolina

Logan Homes offers 80+ beautiful home plans, tons of choices, quality craftsmanship, energy efficiency and the innovation that will enhance your lifestyle - all for a very smart price.
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NC


Compass Pointe - North Carolina Coastal Communities

Compass Pointe - North Carolina Coastal Communities

Leland, North Carolina

Compass Pointe is more than a community. It's a destination. Only 10 minutes from historic downtown Wilmington, NC, and 20 minutes from Wrightsville Beach, it is the very best of coastal North Carolina.
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NC


Vista at Blacksmith Run

Vista at Blacksmith Run

Hendersonville, North Carolina

Nestled between Historic Hendersonville and Lake Lure's picturesque coves is Vista at Blacksmith Run-an exclusive Western North Carolina mountain property designed for residential development. Blacksmith Run's secluded mountain lifestyle and four season climate turns an ordinary day into an unforgettable experience. With convenient access to all of Western North Carolina's treasures, this quiet mountain gated community was developed for those who appreciate the best that life has to offer.
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NC


Avalon

Avalon

Waynesville, North Carolina

Avalon is a gated community located just 25 minutes west of Asheville, North Carolina. This 400-acre Western North Carolina mountain community is situated high atop a mountain plateau with hardwood forests and panoramic mountain views.
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NC


St. James Plantation - NC Gated Community

St. James Plantation - NC Gated Community

Southport, North Carolina

With its private oceanfront beach club, 81 holes of signature golf and Intracoastal Waterway marina, St. James Plantation personifies the relaxed coastal Carolina lifestyle.
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NC


Kingfish Bay - Homes in Coastal NC

Kingfish Bay - Homes in Coastal NC

Calabash, North Carolina

he setting for Kingfish Bay is a sprawling 60+ acres of coastal Carolina. Great care was taken to weave the development design into this natural setting, while creating a functional, convenient, and aesthetically pleasing lifestyle community.
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NC


Grand Highlands at Bearwallow Mountain - NC Mountain Communities

Grand Highlands at Bearwallow Mountain - NC Mountain Communities

Hendersonville, North Carolina

Unparalleled panoramic views of the Blue Ridge Mountains and pristine forests. This award winning mountain top community is removed without being remote. It is minutes from the conveniences of Hendersonville, NC and the Asheville Airport. Ideal altitude from 3,200 to 3,800 feet to enjoy cool summers without the harsh winters.
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NC


Brunswick Forest - A North Carolina Coastal Retirement Community

Brunswick Forest - A North Carolina Coastal Retirement Community

Leland, North Carolina

Brunswick Forest, the Coastal South's fastest growing community, is located on North Carolina's Cape Fear coast, just minutes from historic Wilmington. This 4,500-acre retreat features a wide array of neighborhoods and lifestyles, 18 holes of golf at Cape Fear National, a Clubhouse, River Club, Fitness & Wellness Center, parks and more than 100 miles of walking, biking and nature trails linking residences and amenities.
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NC


River Bluffs

River Bluffs

Castle Hayne, North Carolina

Located just 10 minutes north of Downtown Wilmington, NC (by boat or car) sits River Bluffs, overlooking the North East Cape Fear River. Residents enjoy a serene community where they live and play. Together, residents and the neighborhood's developers have established over 30 clubs. The clubs include boating, kayaking, dancing & more!
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NC


The Retreat at Ocean Isle Beach - North Carolina Retirement Community

The Retreat at Ocean Isle Beach - North Carolina Retirement Community

Ocean Isle Beach, North Carolina

The Retreat at Ocean Isle Beach is a special community just 1 mile away from the beautiful sand and waves of Ocean Isle Beach. Residents at The Retreat are positioned uniquely within walking distance to the local grocery store, incredible restaurants and quaint shops that make Ocean Isle Beach so desirable. The colorful homes and lush landscape pay homage to the bold and bright colors you'll find lining the oceanfront streets just across the causeway.
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NC


Summerhouse on Everett Bay - North Carolina Coastal Community

Summerhouse on Everett Bay - North Carolina Coastal Community

Holly Ridge, North Carolina

A New Season Has Begun at Summerhouse. Imagine a warm, welcoming home where luxury meets coastal casual and the ocean is just beyond your front door. A community where you can go kayaking on the Intracoastal Waterway in the morning, relax by the resort-style clubhouse pool with friends in the afternoon, and check your crab pots for dinner at sunset! All this with the seaside village of Surf City and Historic Wilmington, NC nearby.
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NC


Champion Hills

Champion Hills

Hendersonville, North Carolina

At Champion HIlls you'll enjoy life in perfect balance. Our golf and tennis community and country club, situated in the mountains of Western North Carolina with breathtaking views of the surrounding Blue Ridge Mountains, is secluded, but not isolated-casual yet elegant-relaxed, but with easy access to the unlimited activities and entertainment of Asheville and Hendersonville.
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NC


The Walk at East Village

The Walk at East Village

Clayton, North Carolina

Walk to downtown Clayton from The Walk at East Village. The Walk at East Village is a 300-home 55+ age-qualified community designed for active living and engaging with friends. If you're looking for the Mayberry feel with safe walking streets day and night, friendly neighbors, an active downtown, and access to city-level cultural offerings around the corner, you can't beat what The Walk at East Village offers
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NC


The Village at Mott’s Landing

The Village at Mott’s Landing

Wilmington, North Carolina

Conveniently located within Wilmington, NC, The Village at Mott’s Landing features new homes, a pool and clubhouse, tennis court, and - above all - a peaceful setting. This new home community has been thoughtfully created for retired and semi-retired active adults (those who have paid their dues, raised children, worked hard throughout their lives), looking to enjoy retirement living at its finest.
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NC


Beau Coast

Beau Coast

Beaufort, North Carolina

For many, the dream of owning a home at the North Carolina coast has been just that-a dream. Until now. Located in historic Beaufort, NC, Beau Coast offers a relaxed atmosphere with a wide selection of homes to fit every pocketbook and lifestyle. Best of all, each home is located in an amenity-filled neighborhood that makes living in Beau Coast that much more desirable.
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NC


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