By Michelle Wagner | Outer Banks Voice on February 21, 2020
2020 figure is 26 percent increase over 2019
With the revaluation of more than 43,000 Dare County properties now complete, notices of the new assessed values will be mailed out on Feb. 25 to all property owners. This marks the first revaluation done in the county since 2013. That year, the value of taxable property in Dare County was just short of $12 billion. The 2020 total is just short of $16 billion.
On Feb. 18, Dare County Assistant Assessor Hosea Wilson made a presentation to the Dare Commissioners about the revaluation, the goal of which is to reestablish equity in the tax base among similar properties. Properties are revalued on their current market value based on their individual characteristics. While the last full revaluation was conducted in 2013, values are also updated in the interim to reflect new construction and improvements on properties.
Property owners should expect the reappraisal to impact their tax bills beginning this fall, as well affect real estate sale prices. Once the new values are received, property owners can go to https://www.darenc.com/departments/tax-department/2020-revaluation to check individual properties with comparable sales. If property owners feel their assessed value is incorrect, they can appeal through the Dare County tax office.
While state law requires that revaluations are conducted every eight years, Dare County opted to conduct this reappraisal one year early. New guidelines, Wilson said, will require revaluations every five years moving forward.
Here are some highlights from the Feb. 18 presentation of the 2020 revaluation findings:
NOTICE OF PUBLIC MEETING TO REVIEW PLANS FOR AN OUTER BANKS EVENT CENTER
County Dare, North Carolina
Dare County Tourism Board
NOTICE IS HEREBY GIVEN that the Visitors Bureau will hold a public meeting to review the plans for an Outer Banks Event Center. The meeting will take place on Monday, June 6, 2022 from 9:30 a.m. to 11:00 a.m. at the Keeper’s Galley building at Haven on the Banks, 115 Dove Street, Nags Head North Carolina 27959.
Still in the conceptual phase, the Event Center is intended to provide suitable and flexible space for year-round events, concerts, sports, meetings, smaller tradeshows, galas and any number of other uses. Learn more about the benefits for visitors and residents and how the Event Center is planned to complement the new Soundside boardwalk that is being designed.
Staff will be on hand to answer any questions. For additional information, please visit our Event Center FAQ page.