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Another Dare Co. tax assessment item

Another Dare Co. tax assessment item




Hey folks, my new tax assessment from Dare is 61% higher than before, but it matches our appraised market value pretty closely, so I'm not too worried and will not appeal.

However, I have a neighbor whose new tax assessment is approx $300k more than market value. He wants to appeal and asked if anyone knows of someone who can advocate for a homeowner during the appeals process. Any ideas? Thanks in advance for any help.


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RE: Another Dare Co. tax assessment item




Hey folks, my new tax assessment from Dare is 61% higher than before, but it matches our appraised market value pretty closely, so I'm not too worried and will not appeal.

However, I have a neighbor whose new tax assessment is approx $300k more than market value. He wants to appeal and asked if anyone knows of someone who can advocate for a homeowner during the appeals process. Any ideas? Thanks in advance for any help.

W&M OBX


The county will want the owner to give them some comps (comparable sold properties) to help evaluate the value. Any licensed appraiser would be a great asset, but you have to pay them a lot and many don't want to fork out $400. In years past, when they did these revaluations, my phone would ring with requests for a free market analysis of their property.


RE: Another Dare Co. tax assessment item




Dare commissioners statement:

During his opening remarks at the April 7 meeting, Woodard stated that after a budget workshop held on April 4, “I’m pleased to announce that the board [of commissioners] is committed to a revenue neutral rate.” Later, as he explained, the county tax rate will very probably go from 40.05 cents per $100 of value to 26.32 cents per $100 of value—a drop of 35% to get to that revenue neutral collection number.


So stop thinking the tax you pay will be way more than you have been paying. My valuation went up 65% but it's about right if sales stay at what they have been at for over 2-3 years.


RE: Another Dare Co. tax assessment item




I did a quick number crunch and I must be doing something wrong as my tax amount I pay will go down a good bit. $.263 per $100 of value and it comes out to this.

Let's assume the new revaluation is $1.3 mil.

1,300,000 / 100 = 13,000 x.263 = $3400

I paid $5300 last year.


RE: Another Dare Co. tax assessment item




I did a quick number crunch and I must be doing something wrong as my tax amount I pay will go down a good bit. $.263 per $100 of value and it comes out to this.

Let's assume the new revaluation is $1.3 mil.

1,300,000 / 100 = 13,000 x.263 = $3400

I paid $5300 last year.

Tim-OBX


Your math works, but you have a couple of other rates you need to add in as per the chart you posted on another thread for Kitty Hawk, about $.40 more it looks like.

I am thinking that the .263 is only the very base. I'm not sure, but I cannot imagine it being that darn low.


RE: Another Dare Co. tax assessment item




Yes, I forgot to add the town tax. It should also change to keep in line with the neutral amount they get. Kitty gets .25 now so that should drop too.


RE: Another Dare Co. tax assessment item




Dare commissioners statement:

During his opening remarks at the April 7 meeting, Woodard stated that after a budget workshop held on April 4, “I’m pleased to announce that the board [of commissioners] is committed to a revenue neutral rate.” Later, as he explained, the county tax rate will very probably go from 40.05 cents per $100 of value to 26.32 cents per $100 of value—a drop of 35% to get to that revenue neutral collection number.


So stop thinking the tax you pay will be way more than you have been paying. My valuation went up 85% but it's about right if sales stay at what they have been at for over 2-3 years.

Tim-OBX


I'm not thinking that. This is about a neighbor who wants to appeal and asked if anyone knows of someone who can advocate for a homeowner during the appeals process. Do you know of anyone like that?


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