About the Revaluation
The most recent countywide revaluation was January 1, 2025.
The primary purpose of revaluation, mandated by North Carolina law, is to align property assessments with their fair market value, which is the most likely selling price in a competitive and open market. Since property values do not fluctuate uniformly, regular revaluations ensure that the assessed values reflect current market conditions, preventing disproportionate tax burdens on property owners.
Property taxes in Dare County are derived from two key components: the assessed value of the property and the tax rate per $100 of value, determined annually by elected county and municipal officials. These taxes constitute the county's largest revenue source, funding essential services such as public education, emergency medical services, public health, law enforcement, affordable housing and various community programs. To read more, click here