County Tax AssessmentRecently, in both Dare and Currituck counties tax assessments went down an average of over 20%. The reason for the large change in tax assessments is that neither Dare or Currituck counties has re-assessed property since 2005. NC state law requires that counties re-assess all property within their borders just once every 8 years. Both counties waited until the last possible moment. Another difference in these tax assessments when compared to many other areas is that the tax assessments are based on market value on one specific day for the entire county. That day does not change until the next assessment is completed. Tax assessments will not change based on a new sale or a current appraisal. Unfortunately, having so much time between assessments hurts the value of that information. Relying heavily on this information when buying or selling OBX real estate could cost you $$! For what it's worth, a Buyer or Seller might want to acquire as much current and factual information as possible from a trusted real estate professional familiar with the market before making a decision on such a large investment!August 02 2013 - Duck0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.