D
are County property owners can expect a significant increase in their real estate values when the 2025 revaluation notices are mailed out at the end of March. According to Dare County Tax Assessor Hosea Wilson, the overall countywide change in the tax base is estimated to be 67%, increasing from $16.4 billion to a projected $27.4 billion.

    The revaluation found that property values have surged in all geographic areas of the county, with northern beach towns experiencing increases ranging between 55% and 74%. Hatteras Island saw increases of 55% to 64%, Roanoke Island 49% to 69%, and mainland communities 37% to 69%.

    The median home prices in Dare County have jumped from $381,500 in 2020 to $569,000 in 2023, according to data from the Dare County Community Housing Task Force. Wilson emphasized that the revaluation is focused solely on determining accurate market values, and is separate from the setting of tax rates.

    Revaluation notices will be mailed to all property owners by the end of March, with a 30-day window to file an informal appeal. A formal appeals process through the county's Board of Equalization and Review will also be available. More information on the revaluation process can be found at https://www.darenc.gov/departments/tax-department/2025-revaluation.

    The average property tax rate in Dare County is 0.55% per $100 valuation, but rates vary by geographic location. For a property with an assessed value of $350,000, the average tax bill would be about $1,925 per year. Wilson encouraged property owners who disagree with their new assessed values to go through the appeals process.