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Updated 2025 Tax Year

Craven County
Property Tax Guide

Everything you need to know about property taxes in Craven County, NC. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Quick Facts
Tax Rate
0.73% base county rate + municipal rates (varies by district)
1st Due
Jan 5
2nd Due
Sep 1
Exemptions
5+ Available
Section 1

How Property Tax Works

Craven County, North Carolina operates on a property tax system that serves as the primary funding source for essential county services including public schools, emergency services, infrastructure maintenance, and county administration. Property taxes are levied based on the assessed value of real estate and personal property, with the county conducting revaluations periodically to ensure fair market assessment.

The effective tax rate in Craven County varies by location within the county due to special taxing districts, municipal taxes, and additional assessments for services like fire districts or municipal service districts. Property owners may be subject to multiple tax levies depending on their specific location, making it important to understand which taxing jurisdictions apply to your property. The county's tax collection office, located at 226 Pollock Street in New Bern, administers property tax collection for the fiscal year running from July 1 to June 30.

Section 2

What Makes Up Your Tax Bill

ComponentRate (per $100)Description
County General$0.4448Base county services, schools, administration (FY 2025-2026)
Municipal TaxesVariesAdditional taxes for incorporated municipalities (if applicable)
Special DistrictsVariesFire districts, service districts, improvement districts
Total Rate$0.4448+Actual rate depends on location and applicable districts

Note: The base county rate of 44.48 cents per $100 of assessed value applies to FY 2025-2026. Properties within municipal boundaries or special taxing districts will have additional levies that increase the total effective rate. Contact the Tax Assessor's office to determine your property's specific tax rate based on its location and applicable districts.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Craven County, property taxes are due in two installments:

First Installment
Jan 5
Delinquent after Dec 10
Second Installment
Sep 1
Delinquent after Apr 10
Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Craven County are additional property tax bills issued when there are mid-year changes to property ownership, completion of new construction, or significant improvements that increase assessed value. These taxes are prorated based on the number of months remaining in the fiscal year after the triggering event occurs.

Common triggers for supplemental taxes include: transfer of ownership to a new owner who doesn't qualify for existing exemptions, completion of new construction or major renovations that add taxable value, and removal or expiration of existing tax exemptions or credits. For example, if a $100,000 home addition is completed in January (4 months remaining in fiscal year), the supplemental tax would be calculated as: ($100,000 × $0.4448 ÷ 100) × (4 months ÷ 12 months) = $148.27. Supplemental tax bills are mailed separately and have their own due dates, typically 30 days from the issue date.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Elderly/Disabled Homestead Credit Applied: -$25,000 (requires application)
  • Net Taxable Value: $275,000
  • Annual Tax: $275,000 × ($0.4448 ÷ 100) = $1,223.20
  • Monthly Escrow: $101.93

Example 2: $600,000 Home

  • Assessed Value: $600,000
  • Circuit Breaker Credit Applied: -$50,000 (requires application, income limits apply)
  • Net Taxable Value: $550,000
  • Annual Tax: $550,000 × ($0.4448 ÷ 100) = $2,446.40
  • Monthly Escrow: $203.87

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • Disabled Veteran Homestead Credit Applied: -$45,000 (requires application and qualification)
  • Net Taxable Value: $955,000
  • Annual Tax: $955,000 × ($0.4448 ÷ 100) = $4,247.84
  • Monthly Escrow: $353.99

Note: All credits shown require annual application and qualification. Rates shown are base county rate only and do not include municipal or special district taxes that may apply.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Craven County require borrowers to maintain an escrow account for property taxes, collecting monthly payments along with principal and interest to ensure taxes are paid on time. Lenders typically collect 1/12th of the annual tax bill each month, plus a cushion of up to two months' worth of payments as allowed by federal law.

Property taxes are due September 1st each year, with interest beginning to accrue after January 5th if taxes remain unpaid. Lenders usually pay taxes in early fall when bills are received, using funds accumulated in the borrower's escrow account. Property owners should verify that their lender has received and paid their tax bill, as the property owner remains ultimately responsible for payment even when using escrow services. The county provides online access to tax records where property owners can confirm payment status and view their account history at any time.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Craven County for FY 2025-2026? A: Property taxes are due September 1st annually. Interest begins accruing after January 5th, making January 5th the final payment date to avoid penalties and interest charges.

Q: What tax credits are available and how do I apply? A: Available credits include Elderly Homestead, Disabled Homestead, Circuit Breaker, Disabled Veteran Homestead, and others. All credits require annual application through the Tax Assessor's office and have specific eligibility requirements including income limits, age requirements, or disability status.

Q: How does the Homestead credit work? A: Homestead credits typically limit annual assessment increases (usually to 10% per year) rather than reducing market value. You must apply annually and meet residency requirements. The credit caps assessment growth, not the actual tax rate applied.

Q: How often are properties reassessed in Craven County? A: Craven County conducts county-wide revaluations periodically, typically every 4-8 years. Property owners receive notice of new assessments and have appeal rights during specified appeal periods following revaluation.

Q: What are the penalties for late property tax payment? A: Interest begins accruing after January 5th at rates set by state law. Additional penalties may apply for significantly delinquent taxes, and properties can ultimately face tax lien or foreclosure proceedings.

Q: Can I pay property taxes online? A: Yes, Craven County offers online payment options. Use jurisdiction code 4302 when paying online. Payments can also be made in person at 226 Pollock Street, by mail to PO Box 1128, New Bern, NC 28563-1128, or via the drop box (no cash accepted).

Q: Do I pay different rates if I live in a municipality? A: Yes, properties within incorporated municipalities pay additional municipal taxes on top of county taxes. Special districts (fire, service, improvement districts) also add to your total tax rate.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed during designated appeal periods following revaluations or notices of assessment changes. Contact the Tax Assessor's office for current appeal procedures, deadlines, and required documentation.

Q: What information do I need to apply for tax credits? A: Requirements vary by credit type but typically include proof of income, age verification, disability documentation, military service records (for veteran credits), and proof of residence. Contact the Tax Assessor's office for specific application requirements and deadlines.

Q: How can I verify my current tax rate and what districts apply to my property? A: Contact the Craven County Tax Assessor's office at (252) 636-6605 or visit their office to determine your property's specific tax rate based on location and applicable taxing districts.

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