Dare County Officials Announce Significant Tax Rate Decrease Amid Rising Property Values
April 8, 2025 - 09:06
During a recent meeting of the Dare County Commissioners held on April 7, significant discussions took place regarding the county's tax rate for the upcoming fiscal year. Commissioner Chair Bob Woodard, along with County Manager Bobby Outten, revealed that the tax rate is set to decrease considerably. This decision aims to ensure that the total tax revenue collected by the county remains "revenue neutral" compared to the current year.
The county has experienced a sharp increase in property values, prompting officials to adjust the tax rate to alleviate the financial burden on residents. This move is expected to provide some relief to property owners while maintaining essential services and infrastructure funding. The commissioners emphasized their commitment to balancing the needs of the community with the realities of the real estate market. As the county prepares for the new fiscal year, residents can look forward to a more favorable tax environment amid rising property values.
MORE NEWS
June 16, 2025 - 00:37
Understanding Mortgage Closing Costs Across StatesThe amount needed to pay at closing will vary by state, significantly impacting homebuyers` overall expenses. As mortgage rates hover near 7%, potential homeowners are increasingly focused on...
June 15, 2025 - 01:59
Home Prices Expected to Rise in 2025, According to NAR ForecastThe National Association of Realtors (NAR) anticipates a 3% increase in home prices across the United States in 2025. This projected growth is largely attributed to a resurgence in housing sales...
June 14, 2025 - 02:38
Historic GE Headquarters in Fort Point Sold for $57 MillionBOSTON — The building in Boston’s Fort Point neighborhood that once served as General Electric’s temporary headquarters has been sold for just over $57 million. This transaction comes at a...
June 13, 2025 - 09:39
Will the New Tax on Non-Owner-Occupied Mansions Attract Celebrities to Rhode Island?As discussions intensify around the newly proposed tax on non-owner-occupied mansions, local real estate stakeholders are expressing concerns about its potential impact. Dubbed the `Taylor Swift...