Dare County Property Taxes
The median property tax rate in Dare County is 0.64%, which is significantly lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With the median home value in Dare County at $355,020, the typical annual property tax bill is $2,313, which is below the national median of $2,690. Property taxes in Dare County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Dare County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in a city like Manteo or another part of Dare County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dare County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$2,272
Ownwell’s Dare County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Dare County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Dare County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Dare County, North Carolina
Property taxes in Dare County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Dare County is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Dare County set these rates annually, and they can vary significantly between different areas within the county. Each year, Dare County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Dare County's effective property tax rate with other areas and the national median. For comparison, the city of Kill Devil Hills has one of the higher property tax rates in the region at 0.76%, while the city of East Lake boasts one of the lowest at 0.51%. Analyzing how Dare County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Dare County Tax Rate
0.64%
Average North Carolina Tax Rate
0.82%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dare County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avon | 0.63% | 0.63% | 0.63% | 0.63% | 0.83% |
| Buxton | 0.59% | 0.59% | 0.60% | 0.60% | 0.61% |
| Duck | 0.62% | 0.62% | 0.62% | 0.69% | 0.73% |
| East Lake | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
| Frisco | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
| Hatteras | 0.64% | 0.64% | 0.64% | 0.64% | 0.65% |
| Kill Devil Hills | 0.62% | 0.63% | 0.76% | 0.76% | 0.76% |
| Kitty Hawk | 0.56% | 0.62% | 0.64% | 0.70% | 0.80% |
| Manns Harbor | 0.51% | 0.51% | 0.57% | 0.57% | 0.57% |
| Manteo | 0.55% | 0.55% | 0.55% | 0.75% | 0.75% |
| Nags Head | 0.33% | 0.40% | 0.73% | 0.74% | 0.88% |
| Rodanthe | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
| Salvo | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
| Southern Shores | 0.64% | 0.64% | 0.64% | 0.69% | 0.74% |
| Stumpy Point | 0.61% | 0.61% | 0.61% | 0.61% | 0.62% |
| Wanchese | 0.57% | 0.57% | 0.57% | 0.57% | 0.57% |
| Waves | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Dare County, North Carolina
In Dare County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Dare County Appraisal District. The assessed value, however, is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Dare County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. In Dare County, the highest median tax bill is in Duck at $3,959, while Manns Harbor has the lowest at $863. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Dare County, North Carolina
Source: Ownwell
$167,600
$362,100
$556,600
Average Dare County Assessed Value
$355,020
Average North Carolina Assessed Value
$197,136
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dare County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avon | $174,770 | $237,945 | $325,161 | $475,516 | $657,566 |
| Buxton | $136,480 | $186,700 | $278,100 | $381,317 | $511,347 |
| Duck | $198,700 | $198,700 | $312,658 | $821,247 | $2,894,383 |
| East Lake | $489,400 | $489,400 | $489,400 | $489,400 | $489,400 |
| Frisco | $181,211 | $252,316 | $322,000 | $433,068 | $555,454 |
| Hatteras | $138,634 | $220,100 | $309,100 | $501,568 | $822,576 |
| Kill Devil Hills | $198,770 | $243,925 | $302,100 | $379,834 | $496,307 |
| Kitty Hawk | $270,240 | $354,278 | $465,324 | $636,000 | $924,758 |
| Manns Harbor | $77,157 | $116,550 | $167,600 | $264,750 | $410,882 |
| Manteo | $167,180 | $230,725 | $309,400 | $440,834 | $621,920 |
| Nags Head | $271,800 | $325,444 | $418,416 | $598,900 | $1,049,560 |
| Rodanthe | $199,036 | $251,993 | $361,434 | $522,975 | $672,784 |
| Salvo | $201,970 | $276,614 | $412,308 | $607,355 | $833,987 |
| Southern Shores | $455,629 | $556,600 | $556,600 | $582,842 | $794,199 |
| Stumpy Point | $97,280 | $127,350 | $179,300 | $228,533 | $311,460 |
| Wanchese | $111,580 | $143,198 | $186,200 | $246,839 | $325,457 |
| Waves | $170,711 | $270,700 | $398,000 | $556,472 | $727,333 |
Source: Ownwell
Property Tax Bills Across Dare County, North Carolina
In Dare County, NC, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county's tax assessor and is meant to reflect the property's fair market value. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence this calculation, including the property's location, size, and any improvements made to it. Homeowners in Dare County see a range of property tax bills, with the 25th percentile paying around $1,613 and the 75th percentile paying approximately $3,311. The highest median tax bill is found in Duck, at $3,959, while the lowest is in Manns Harbor, at $863. Compared to the national median property tax rate of 0.99%, Dare County's tax rates can significantly impact homeowners, particularly those with higher-valued properties. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Dare County Tax Bill
$2,313
Average North Carolina Tax Bill
$1,615
Average United States Tax Bill
$2,690
Property Tax Bills Across Dare County, North Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Avon | $1,057 | $1,471 | $2,068 | $3,199 | $4,945 |
| Buxton | $751 | $1,054 | $1,619 | $2,317 | $3,213 |
| Duck | $3,357 | $3,583 | $3,959 | $6,233 | $7,597 |
| East Lake | $2,498 | $2,498 | $2,498 | $2,498 | $2,498 |
| Frisco | $990 | $1,432 | $1,861 | $2,504 | $3,267 |
| Hatteras | $815 | $1,318 | $1,921 | $3,143 | $5,133 |
| Kill Devil Hills | $1,277 | $1,673 | $2,138 | $2,717 | $3,511 |
| Kitty Hawk | $1,587 | $2,286 | $3,061 | $4,157 | $5,912 |
| Manns Harbor | $378 | $612 | $863 | $1,408 | $2,257 |
| Manteo | $856 | $1,293 | $1,815 | $2,710 | $4,046 |
| Nags Head | $1,153 | $1,730 | $2,570 | $3,981 | $6,896 |
| Rodanthe | $1,133 | $1,474 | $2,172 | $3,175 | $4,091 |
| Salvo | $1,187 | $1,617 | $2,479 | $3,660 | $5,084 |
| Southern Shores | $2,573 | $2,993 | $3,821 | $5,130 | $9,404 |
| Stumpy Point | $498 | $687 | $1,077 | $1,405 | $1,915 |
| Wanchese | $538 | $768 | $1,014 | $1,383 | $1,849 |
| Waves | $1,003 | $1,637 | $2,396 | $3,413 | $4,397 |
Source: Ownwell