Q: When are property taxes due in Currituck County for FY 2025-2026?
A: Property taxes are due in two equal installments: September 1, 2025 (first half) and March 1, 2026 (second half). Payments are considered late if not received by 5:00 PM on the due date.
Q: What tax credits are available and do they require application?
A: Currituck County offers several tax credits including Homestead Credit for primary residences, Elderly/Disabled Credit for qualifying seniors, and Veteran Disability Credit for disabled veterans. All credits require annual application and are not automatically applied - you must file with the county assessor's office by January 31st each year.
Q: How does the Homestead Credit work?
A: The Homestead Credit limits annual assessment increases on your primary residence to a maximum percentage (typically 10% in NC), rather than reducing the actual market value. This credit requires initial application and must be renewed if you move or change property use. It does not reduce your home's assessed value but caps how much it can increase each year.
Q: When does Currituck County reassess properties?
A: Currituck County conducts countywide property revaluations every 8 years, with the most recent revaluation completed in 2024. Property owners receive new assessment notices in spring, with appeals due within 30 days of notice receipt.
Q: What are the penalties for late property tax payments?
A: Late payments incur a 2% penalty immediately after the due date, plus interest of 0.75% per month. Properties with taxes unpaid for more than one year may be subject to tax lien proceedings and eventual foreclosure.
Q: Can I pay property taxes online?
A: Yes, Currituck County offers online payment options through their official website, accepting electronic checks and credit cards. Credit card payments may incur additional processing fees of 2.5-3%.
Q: How do special district taxes affect my bill?
A: Properties located within fire districts, water/sewer districts, or other special taxing areas pay additional rates beyond the base $0.62 county rate. These can add $0.10-0.40 per $100 of assessed value depending on services provided.
Q: What happens if I disagree with my property assessment?
A: Property owners may appeal assessments within 30 days of receiving their notice of assessed value. Appeals are filed with the Currituck County Board of Equalization and Review, and decisions can be further appealed to the North Carolina Property Tax Commission if necessary.
