North Carolina— Property Tax & Closing Costs
2024 Census dataEffective tax rate
0.52%
of assessed value annually
Median home value
$460,400
2024 ACS survey
Median taxes paid
$2,391/yr
2024 data
Dare County's 0.52% effective property tax rate ranks 554th lowest among the 3,134 US counties tracked, placing it in the bottom 25% lowest nationally. Within North Carolina's 100 counties, it's the 16th lowest. On the county's median home value of $460,400, the typical homeowner pays $2,391 annually in property tax — $762 more than the national median of $1,629. At closing, North Carolina's 0.20% combined real estate transfer tax adds roughly $921 on a median-priced home, typically paid by the seller.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Dare County.
County median: $460,400
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
Low flood risk. Flood insurance not typically required. Verify at msc.fema.gov for your specific property.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
North Carolina property tax exemptions
Ways buyers in Dare County may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
Elderly or Disabled Homestead Exclusion
Excludes the greater of $25,000 or 50% of the appraised value of a primary residence for owners 65+ or totally and permanently disabled with 2025 income at or below $38,800.
View official source →Disabled Veterans Homestead Exclusion
Excludes first $45,000 of appraised value for veterans with 100% permanent & total service-connected disability (or receiving specially adapted housing benefits). Legislation raises to $75,000 for years beginning on/after July 1, 2025.
View official source →Circuit Breaker Tax Deferment
Limits property tax on a primary residence to a percentage of income (4-5%) for qualifying owners 65+ or disabled, deferring the remainder until a disqualifying event.
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Dare County.
The effective property tax rate in Dare County is 0.52% — calculated as the median annual property tax paid ($2,391) divided by the median home value ($460,400), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
North Carolina's combined real estate transfer tax is approximately 0.20% of the purchase price. On the median Dare County home value of $460,400, this adds roughly $921 at closing. Excise Stamp Tax on Conveyances $1.00/$500 (0.2%) statewide, seller-paid per Article 8E Chapter 105. Seven coastal counties (Camden, Chowan, Currituck, Dare, Pasquotank, Perquimans, Washington) are authorized to levy an additional Land Transfer Tax of up to 1% (seller).
Flood risk is relatively low. Only 2.4% of Dare County's land falls within a FEMA Special Flood Hazard Area. Flood insurance is not typically required, though individual properties near waterways may still be in a zone — verify at msc.fema.gov.
Closing costs for a buyer in Dare County typically run $9,208–$23,020 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Dare County
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 0.52% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Dare County.
Guides for North Carolina home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →