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Retirement 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

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


Landfall - North Carolina Premier Gated Communities

Landfall - North Carolina Premier Gated Communities

Wilmington, North Carolina

Located within Wilmington, Landfall is North Carolina's most diverse and historically interesting coastal community. A distinctive property of over 2,000 acres with lakes, ponds and four miles fronting on the Intracoastal Waterway and Howe's Creek, Landfall is only five minutes from Wrightsville Beach and the Atlantic Ocean.
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NC


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


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


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


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


Vista at Bill's Mountain - North Carolina Gated Community

Vista at Bill's Mountain - North Carolina Gated Community

Lake Lure, North Carolina

Perfectly shaped since the beginning of time, Bill's Mountain is your chance to experience the picturesque town of Lake Lure. Every contour...every pristine ridge of this Lake Lure property offers incomparable views Western North Carolina. Set just five minutes from Lake Lure's crystal blue waters in Rutherford County, Bill's Mountain's 800 spectacular acres invites you to reconnect with family and friends, nature and the spirit within you.
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NC


Cullowhee River Club on the Tuckasegee

Cullowhee River Club on the Tuckasegee

Cullowhee, North Carolina

A place where adventure meets the arts, Cullowhee River Club is nestled in the mountains of Cullowhee, North Carolina, less than 55 miles west of Asheville, NC. This mountain riverfront community boasts 1.3 miles of river frontage to the Tuckaseegee River, known for its superior fly fishing that makes Jackson County the Trout Capital of NC. Cullowhee is also home to the largest university west of Asheville, Western Carolina University, bringing fine & performing arts, sporting events, and life-long learning opportunities, all within walking distance!
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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


The Bluffs on the Cape Fear

The Bluffs on the Cape Fear

Leland, North Carolina

This waterfront community is renowned for its stunning Bluffs overlooking the Cape Fear River and offer entertainment options for every member of the family. Welcome to The Bluffs on the Cape Fear, where privacy and tranquility are joined in a setting of transcendent natural beauty. Here you'll discover the best of both worlds - a private preserve in the midst of nature, but an easy drive from everything Wilmington and the Coastal Carolinas have to offer.
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NC


Encore at Briar Chapel

Encore at Briar Chapel

Chapel Hill, North Carolina

Encore by David Weekley Homes is an exclusive 55+ section within the master planned community of Briar Chapel. With a great location in Chapel Hill, you'll enjoy thoughtfully-designed one-story homes and bright, open floor plans. These exceptional homes are situated on 45-foot and 55-foot homesites and feature expanded Outdoor Living Areas for entertaining.
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NC


Cresswind Charlotte

Cresswind Charlotte

Charlotte, North Carolina

Encompassing 370 woodland acres, Cresswind Charlotte is a 55+ community in Charlotte, North Carolina. This active adult community is situated away from the congestion of the city with resort-style amenities and a variety of activities. Miles of walking trails meander throughout the community, and the 18,000-square-foot clubhouse will feature a fitness center, indoor and outdoor swimming pools, tennis, pickleball, and bocce.
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NC


Carolina Colours - North Carolina Gated Communities

Carolina Colours - North Carolina Gated Communities

New Bern, North Carolina

Carolina Colours brings to life the very best of small Carolina towns-past, present and future. A mere 30 minutes from the Atlantic Ocean, the waters of the Trent and Neuse Rivers converge to surround the vibrant waterfront town of New Bern, NC. Community amenities include the 25+-acre Carolina Lake, a Harris Teeter grocery, parks, trails and sidewalks, an Activity Campus with golf, fitness, tennis, swimming, pickleball and-for those quiet moments-rocking chairs
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NC


Scotch Hall Preserve - Pristine North Carolina Coastal Golf Community

Scotch Hall Preserve - Pristine North Carolina Coastal Golf Community

Windsor, North Carolina

This remarkable lifestyle community sits majestically on North Carolina's Albemarle Sound. Surrounded by water, ancient Cypress and live Oaks, there is no other place as unspoiled. Featuring an Arnold Palmer Signature golf course, marina, swim pavilion, Scotch Hall Preserve offers waterfront, golf and woodland homesites.
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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


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