Wanchese, Dare County, North Carolina Property Taxes

Name: Property Tax Bills Across Wanchese, Dare County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Wanchese, NC effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%. Median Wanchese, NC home value: $186,200. Median annual Wanchese, NC tax bill: $1,014, $1,386 lower than the national median property tax bill of $2,400.

How are property taxes in Dare calculated?

Property taxes in Wanchese, NC 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 Wanchese’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wanchese, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Wanchese, Dare County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.57%

Estimate Property Tax Bill

$1,040

$965

Ownwell’s Wanchese Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wanchese with just two data points. By entering your property's estimated assessed value, our calculator applies Wanchese’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Dare County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Wanchese, Dare County, North Carolina

Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate their required budget to provide essential services and then divide that by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Wanchese, located in Dare County, the effective property tax rate is 0.57%, which is considerably lower than the national median property tax rate of 1.02%. This low rate can be attractive for property owners seeking to reduce their annual tax burden. When compared to other cities in North Carolina, Wanchese's rate is among the lowest, making it a favorable location for potential property buyers. Understanding these rates can help property owners make informed decisions and potentially save on property taxes.

Property Tax Rates Across Wanchese, Dare County, North Carolina

Source: Ownwell

0.55%

0.65%

0.76%

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 Wanchese Tax Rate

0.57%

Median Effective Dare County Tax Rate

0.66%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Wanchese, Dare County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27981	0.45%	0.57%	0.57%	0.58%	0.60%

Source: Ownwell

Property Tax Assessment Values Across Wanchese, Dare County, North Carolina

When examining property taxes in Wanchese, NC, 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 Dare 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 Dare County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Wanchese.

For example, the median home price in Wanchese is $186,200, with tax bills ranging significantly across the county. ZIP code 27981 has the highest median home price at $186,200.

Property Tax Assessment Values Across Wanchese, Dare County, North Carolina

Source: Ownwell

$169,300

$316,900

$464,500

Median Wanchese Market Value

$182,500

Median Dare County Market Value

$354,000

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Wanchese, Dare County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27981	$111,470	$142,875	$182,500	$246,150	$321,440

Source: Ownwell

Property Tax Bills Across Wanchese, Dare County, North Carolina

In Wanchese, located in Dare County, NC, property tax bills are determined based on the assessed value of a homeowner's property. The assessed value is typically a percentage of the property's market value. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. For homeowners in Wanchese, the property tax bills range significantly, with the 25th percentile at $768 and the 75th percentile at $1,383. The 90th percentile reaches up to $1,849. Compared to the national median property tax bill of $2,400, Wanchese residents generally experience lower property tax burdens. However, even with these relatively lower tax bills, it's crucial for homeowners to ensure they're not overpaying. Ownwell can assist homeowners by reviewing their property tax assessments and identifying potential savings. By appealing inaccurate assessments or applying for eligible exemptions, Ownwell helps homeowners reduce their tax liabilities, ensuring they pay only their fair share.

Property Tax Bills Across Wanchese, Dare County, North Carolina

Source: Ownwell

$903

$2,018

$3,132

Median Wanchese Tax Bill

$1,024

Median Dare County Tax Bill

$2,341

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Wanchese, Dare County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27981	$536	$780	$1,024	$1,396	$1,872

Source: Ownwell