Salvo, Dare County, North Carolina Property Taxes
Median Salvo, NC effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the North Carolina state median of 0.82%.
Median Salvo, NC home value: $412,308
Median annual Salvo, NC tax bill: $2,479, $79 higher than the national median property tax bill of $2,400.
How are property taxes in Dare County calculated?
Property taxes in Salvo, NC 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 Salvo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Salvo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Salvo, Dare County, North Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$2,515
$2,334
Property Tax Rates Across Salvo, Dare County, North Carolina
Local government entities set tax rates, which can vary widely within a state. This is because each county annually 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.
In Salvo, located in Dare County, NC, the effective property tax rate is distinct compared to other cities in North Carolina. With a median property tax rate of 0.61%, Salvo's rate is significantly lower than the national median property tax rate of 1.02%. This lower rate can be appealing to property owners seeking to minimize their annual tax expenses. Comparing this to the state’s average, Salvo maintains a competitive edge, making it an attractive location for homeowners. Whether you're considering relocating or simply evaluating your current property tax situation, understanding how Salvo's tax rate stands against both state and national averages is crucial.
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 Salvo Tax Rate
0.61%
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 Dare County Tax Rate
0.64%
Median Effective North Carolina Tax Rate
0.82%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Salvo, Dare County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27972 | 0.61% | 0.61% | 0.61% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Salvo, Dare County, North Carolina
When examining property taxes in Salvo, NC, 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 Dare 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.
In Dare County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Salvo.
For example, the median home price in Salvo is $412,308, with tax bills ranging significantly across the county. Zip code 27972 has the highest median home price at $412,308.
Property Tax Assessment Values Across Salvo, Dare County, North Carolina
Source: Ownwell
$167,600
$362,100
$556,600
Median Salvo Market Value
$412,308
Median Dare County Market Value
$355,020
Median North Carolina Market Value
$197,136
Median United States Market Value
$235,294
Property Tax Assessment Values Across Salvo, Dare County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27972 | $201,970 | $276,614 | $412,308 | $607,355 | $833,987 |
Source: Ownwell
Property Tax Bills Across Salvo, Dare County, North Carolina
Median Salvo Tax Bill
$2,479
Median Dare County Tax Bill
$2,313
Median North Carolina Tax Bill
$1,615
Median United States Tax Bill
$2,400
Property Tax Bills Across Salvo, Dare County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27972 | $1,187 | $1,617 | $2,479 | $3,660 | $5,084 |
Source: Ownwell