Real estate market trends show significant property value changes across Outer Banks districts

During a recent meeting in Dare County, the Tax Assessor presented the results of the 2025 countywide revaluation, revealing significant changes in property values across various districts. This revaluation is crucial for residents as it directly impacts property taxes and local funding.

The assessment highlighted notable percentage changes in property values across different areas. For instance, Northern Beaches saw a change of 55% to 74%, while Hatteras Island ranged from 55% to 62%. Roanoke Island's values varied between 49% and 69%, and the Mainland Air district reported changes from 37% to 69%. These figures indicate a dynamic real estate market, with some areas experiencing substantial increases in property values.

Specific towns also showed remarkable changes. Kill Devil Hills had a 69% increase, Kitty Hawk reached 74%, and Nags Head saw a 71% rise. In contrast, some areas like Stumpy recorded minimal changes, with only a 0.56% increase. The total taxable property value for Dare County was estimated at over $2.4 billion, reflecting the overall growth in the region's real estate market.

The Tax Assessor emphasized that these changes are based on recent market activity, which is essential for residents to understand as they prepare for potential adjustments in their property taxes. The revaluation process aims to ensure that property taxes are fair and reflective of current market conditions.

As Dare County moves forward, the implications of these revaluation results will be significant for residents, influencing not only individual tax bills but also the funding available for community services and infrastructure. The county plans to continue monitoring market trends to provide accurate assessments in the future.