If you're thinking of flipping houses or maintaining investment real estate in North Carolina, you should know that the state has one of the lowest median property tax rates in the country. Only 14 states have a lower median property tax. On average, North Carolina counties collect an average of 0.78 percent of a properties assessed fair market value. To put this in perspective, the median property tax in North Carolina for a home worth $155,500, is $1,209 each year. North Carolina’s property tax is "ad valorem." In other words, it's based on the value of the real estate property. The