Dare property tax revaluation report to be presented at Board of Commissioners meeting Monday
A report on the countywide revaluation of all properties in Dare County tops the agenda at the monthly Board of Commissioners meeting on Monday.
Revaluation is the process of updating property values for all real estate in Dare County—including residential and commercial improved properties, as well as vacant land—to reflect their current market value, which is the most probable price a particular property would bring at sale in an open and competitive market.
By North Carolina law, revaluation is required to be completed at least once every eight years. Dare County is currently on a five-year revaluation schedule, with the last revaluation implemented in January 2020.
Dare County Assessor Hosea Wilson will deliver a presentation on results of the countywide property revaluation that went into effect on January 1. More information can be found at DareNC.gov/Revaluation.
Property values for real estate in Dare County generally has declined over the past year.
I’m interested to see how this is reflected in the revaluation.
It would be wonderful if property values went down drastically. My fourteen year old house should not be worth twice as much today, ridiculous..