Property Taxes in Knotts Island, North Carolina
Median Knotts Island, North Carolina effective property tax rate: 0.81%, significantly lower than the national median of 1.02%, and equal to the North Carolina state median of 0.81%.
Median Knotts Island, North Carolina home value: $227,250
Median annual Knotts Island, North Carolina tax bill: $1,798, $602 lower than the national median property tax bill of $2,400.
How are property taxes in Currituck calculated?
Property taxes in Knotts Island, North Carolina are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Knotts Island's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Knotts Island, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Knotts Island Property Tax Calculator Work?
Use this Knotts Island property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Knotts Island's median effective tax rate of 0.81% — based on actual property records in Currituck County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Knotts Island's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Knotts Island: rates range from 0.81% in 27950 to 0.81% in 27950, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Knotts Island.
About Knotts Island Property Taxes
About Property Taxes in Knotts Island, Currituck, North Carolina
Knotts Island's median effective property tax rate of 0.81% is lower than the North Carolina state median of 0.81% and lower than the national median of 1.02%. This rate reflects the Currituck County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Knotts Island. Homeowners in the 27950 ZIP code carry a median effective rate of 0.81%, while those in the lowest ZIP code pay 0.81%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Currituck County. Understanding which part of Knotts Island you live in can make a meaningful difference to your annual tax bill.
Knotts Island homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the May 4, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Knotts Island, Currituck County, North Carolina
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Knotts Island's effective property tax rate to other cities in North Carolina and the median property tax rates in North Carolina and the U.S.
Property Tax Rates Across Knotts Island, Currituck County, North Carolina
Source: Ownwell
0.70%
0.76%
0.81%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Knotts Island Tax Rate
0.81%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Currituck County Tax Rate
0.74%
Median Effective North Carolina Tax Rate
0.81%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Knotts Island, Currituck County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27950 | 0.68% | 0.73% | 0.81% | 0.87% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Knotts Island, Currituck County, North Carolina
When examining property taxes in Knotts Island, North Carolina, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Currituck County appraisal district estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Currituck County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month when notices are sent.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Knotts Island.
For example, the median home price in Knotts Island is $227,250, with tax bills ranging significantly across the county. 27950 has the highest median home price at $227,250.
Property Tax Assessment Values Across Knotts Island, Currituck County, North Carolina
Source: Ownwell
$152,800
$327,800
$502,800
Median Knotts Island Market Value
$227,250
Median Currituck County Market Value
$313,200
Median North Carolina Market Value
$221,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Knotts Island, Currituck County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27950 | $81,000 | $138,425 | $227,250 | $325,825 | $449,050 |
Source: Ownwell
Property Tax Bills Across Knotts Island, Currituck County, North Carolina
Property tax bills in Knotts Island are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. That means the amount a homeowner pays depends on how much the home is worth for tax purposes, not just what was originally paid for it. Factors such as the home’s location, size, condition, and any changes to the property can influence the assessed value.
For homeowners in Currituck County, this can have a direct impact on annual costs. With a median home price of $227,250, property tax bills can vary widely, with the 25th percentile at $1,136 and the 75th percentile at $2,503. The highest and lowest median tax bill in the area is $1,798 in ZIP code 27950. Compared with the national median property tax bill of $2,400, many homeowners in Knotts Island may pay less, but rising assessed values can still increase the bill over time.
Property Tax Bills Across Knotts Island, Currituck County, North Carolina
Source: Ownwell
$1,171
$2,836
$4,500
Median Knotts Island Tax Bill
$1,798
Median Currituck County Tax Bill
$2,279
Median North Carolina Tax Bill
$1,813
Median United States Tax Bill
$3,209
Property Tax Bills Across Knotts Island, Currituck County, North Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 27950 | $725 | $1,136 | $1,798 | $2,503 | $3,245 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | April 20 |
Links | |
|---|---|
| Currituck Tax Assessor | |
| Website | currituckncgov.com |