Kill Devil Hills, North Carolina Property Taxes
The median property tax rate in Kill Devil Hills, NC is 0.76%, which is notably lower than both the national median of 0.99% and the North Carolina state median of 0.82%. With a median home value of $302,100 in Kill Devil Hills, the typical annual property tax bill amounts to $2,138, falling below the national median of $2,690. Property taxes in Kill Devil Hills are calculated based on the tax assessed value, which often comes in lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding the property tax system in Kill Devil Hills, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kill Devil Hills or another part of Dare County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kill Devil Hills, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$2,296
Ownwell’s KILL DEVIL HILLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in KILL DEVIL HILLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in KILL DEVIL HILLS to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kill Devil Hills, North Carolina
Property taxes in Kill Devil Hills, North Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kill Devil Hills is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Kill Devil Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kill Devil Hills estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Kill Devil Hills' effective property tax rate to other counties in North Carolina and the national median. For comparison, the zip code 27948 has both the highest and lowest median property tax rate of 0.76%. Understanding how these cities compare with Kill Devil Hills provides valuable insights into the varying tax landscape across Dare County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kill Devil Hills Tax Rate
0.76%
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 Kill Devil Hills, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27948 | 0.62% | 0.63% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Kill Devil Hills, North Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kill Devil Hills, NC. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Dare County Appraisal District for tax purposes. In contrast, the assessed value 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. In Kill Devil Hills, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price here is $302,100, with tax bills ranging from $1,673 at the 25th percentile to $3,511 at the 90th percentile. The highest and lowest median tax bills are both $2,138 in zip code 27948. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Kill Devil Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kill Devil Hills, North Carolina
Source: Ownwell
$167,600
$362,100
$556,600
Average Kill Devil Hills Assessed Value
$302,100
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 Kill Devil Hills, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27948 | $198,770 | $243,925 | $302,100 | $379,834 | $496,307 |
Source: Ownwell
Property Tax Bills Across Kill Devil Hills, North Carolina
In Kill Devil Hills, located in Dare County, NC, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in this area face varying tax bills depending on their property's assessed value, with the 25th percentile tax bill at $1,673 and the 75th percentile reaching $2,717. For those in the 90th percentile, tax bills can be as high as $3,511. The median home price in Kill Devil Hills is $302,100, which serves as a benchmark for understanding typical tax burdens. Compared to the national median property tax rate of 0.99%, local homeowners experience a range of tax liabilities that reflect their property's value. The highest and lowest median tax bills in the area both stand at $2,138, indicating a consistent tax rate across different zip codes. These factors collectively impact homeowners, influencing their financial planning and property investment decisions.
Average Kill Devil Hills Tax Bill
$2,138
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 Kill Devil Hills, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27948 | $1,277 | $1,673 | $2,138 | $2,717 | $3,511 |
Source: Ownwell