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Dare County assessor outlines 2025 revaluation as countywide taxable base jumps an estimated 67%
Summary
Dare County’s tax assessor presented the results of the county'wide 2025 property revaluation, saying notices will be mailed by the end of the month and explaining the appeals process after an estimated 67% aggregate increase in the county'wide tax base.
Dare County's tax assessor summarized a multi'year revaluation process Monday and warned property owners that assessed values tied to market conditions as of Jan. 1, 2025, will be used to calculate tax bills until the next revaluation.
The assessor said the county considered 2,898 qualified sales from Jan. 2022 through Dec. 31, 2024, and produced a countywide estimated taxable base that increased about 67% from $16.4 billion to $27.45 billion. "By the end of this month, we will send value notices to all our county property owners," the assessor told the Board of Commissioners.
The change matters because North Carolina law requires periodic reappraisals to distribute the tax burden based on current market value; the assessor said the state statute has historically required reappraisals and that Dare County has moved to a five'year cycle. The assessor said…
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