Dare County tax office previews 2025 revaluation; countywide taxable value estimated up 67%

Jose, a Dare County staff member in the tax/appraisal office, presented the county's 2025 property revaluation during a recent meeting, saying the revaluation is effective Jan. 1, 2025, that notices will be mailed to property owners by the end of the month and that the countywide taxable value is estimated to have increased about 67 percent.

The presentation explained why Dare County performed a revaluation, how values were derived and how property owners can challenge new assessed values. Jose said the office used 2,898 qualified sales from Jan. 2022 through Dec. 31, 2024, and reported a median sales ratio of 96.8 and a coefficient of dispersion (COD) of 2.15, figures the presenter characterized as consistent with market value and reliable appraisal work.

Jose described revaluation as a mass-appraisal process that brings all real property to current market value as of a specific date — in North Carolina, Jan. 1. He said revaluations are required by state law on a regular cycle and noted Dare County completed revaluations in previous cycles, moving from a seven- or eight-year cycle toward a five-year cycle to reflect more frequent market changes.

The presentation included countywide and…