Property Taxes in Oak City, North Carolina
Median OAK CITY, North Carolina effective property tax rate: 1.20%, significantly higher than the national median of 1.02%, and higher than the North Carolina state median of 0.81%.
Median OAK CITY, North Carolina home value: $65,450
Median annual OAK CITY, North Carolina tax bill: $795, lower than the national median property tax bill of $2,400.
How are property taxes in Martin calculated?
Property taxes in OAK CITY, North Carolina are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding OAK CITY's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in OAK CITY, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the OAK CITY Property Tax Calculator Work?
Use this OAK CITY property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies OAK CITY's median effective tax rate of 1.20% — based on actual property records in Martin County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies OAK CITY's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within OAK CITY: rates range from 1.20% in 27857 to 1.20% in 27857, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across OAK CITY.
About Oak City Property Taxes
About Property Taxes in Oak City, Martin, North Carolina
Oak City’s median effective property tax rate of 1.20% is lower than the North Carolina state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Martin County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Oak City. Homeowners in the 27857 ZIP code carry a median effective rate of 1.20%, while those in the same ZIP also pay 1.20%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Martin County. Understanding which part of Oak City you live in can make a meaningful difference to your annual tax bill.
Oak City homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 4, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Oak City, Martin County, North Carolina
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare OAK CITY's effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Oak City Tax Rate
1.20%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Martin County Tax Rate
1.14%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Oak City, Martin County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27857 | 0.63% | 1.00% | 1.20% | 1.53% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Oak City, Martin County, North Carolina
When examining property taxes in Oak City, North Carolina, understanding the distinction between market value and assessed value is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Martin County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices in Martin County are sent in the spring each year and typically reach your mailbox by the middle of the month. Each property owner receives a notice that contains both the market value and assessed value, along with an estimate of your property tax bill.
For example, the median home price in Oak City is $65,450, with a median tax bill of $795. The highest median home price is in 27857 at $65,450. This is well below the national median property tax bill of $2,400.
Property Tax Assessment Values Across Oak City, Martin County, North Carolina
Source: Ownwell
$39,060
$60,710
$82,360
Median Oak City Market Value
$65,450
Median Martin County Market Value
$68,420
Median North Carolina Market Value
$221,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Oak City, Martin County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27857 | $23,918 | $38,925 | $65,450 | $113,615 | $185,242 |
Source: Ownwell
Property Tax Bills Across Oak City, Martin County, North Carolina
Property tax bills in Oak City are based on the assessed value of a home, not its market price alone. Local tax rates are applied to that assessed value to determine the amount owed each year. For homeowners in Martin County, the median home price is $65,450, which helps show how the tax bill can vary depending on a property’s value and the local rate.
What factors are considered when calculating the bill? The main factors are the home’s assessed value and the tax rate set by local governments. A higher assessed value usually leads to a higher bill, while a lower value can reduce it. In Oak City, the median property tax bill is $795.
How does this affect homeowners? Tax bills can take a meaningful share of household costs, especially when values rise faster than incomes. The 25th percentile tax bill is $529, the 75th percentile is $1,148, and the 90th percentile is $1,649, showing how much bills can differ across homes.
Median Oak City Tax Bill
$795
Median Martin County Tax Bill
$800
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$3,209
Property Tax Bills Across Oak City, Martin County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27857 | $365 | $529 | $795 | $1,148 | $1,649 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | June 30 |
Links | |
|---|---|
| Martin Tax Assessor | |
| Website | tax.martincountyncgov.com |