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Updated 2025 Tax Year

Pasquotank County
Property Tax Guide

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

10 Official Sources
8 min read
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Quick Facts
Tax Rate
0.5550% base rate for 2025, varies by location due to municipal taxes and special districts
1st Due
Sep 1
2nd Due
Jan 5
Exemptions
5+ Available
Section 1

How Property Tax Works

Pasquotank County, North Carolina operates a property tax system that serves as the primary funding mechanism for essential county services, including public schools, law enforcement, fire protection, and infrastructure maintenance. The county assesses property taxes based on the assessed value of real and personal property within its boundaries, with the current tax rate of 0.5550% effective for the 2025 tax year (January 1, 2025 through December 31, 2025).

Property owners should note that actual tax rates can vary depending on location within Pasquotank County due to special taxing districts, municipal taxes, and additional assessments for services like fire districts or municipal services. The county follows North Carolina's property tax calendar, with the tax year running from July 1 to June 30, and taxes becoming due on January 31 of the following calendar year. Property assessments are conducted periodically through county-wide revaluations to ensure fair market value representation.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
County General0.5550%Base county tax rate for FY 2025-2026
Municipal TaxesVariesAdditional taxes for incorporated areas (Elizabeth City, etc.)
Fire DistrictsVariesSpecial assessments for fire protection services in unincorporated areas
School BondsIncludedDebt service for school construction projects (included in general rate)

Note: The 0.5550% rate applies to the base county levy for FY 2025-2026. Property owners in incorporated municipalities or special taxing districts will pay additional rates on top of the county rate. Contact the Pasquotank County Tax Department for specific rates applicable to your property location.

Section 3

When Are Property Taxes Due?

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

First Installment
Sep 1
Delinquent after Dec 10
Second Installment
Jan 5
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 Pasquotank County are additional property tax assessments that occur when there are changes to property ownership, new construction, or improvements made to existing properties outside the normal assessment cycle. These taxes are calculated based on the difference between the old and new assessed values, prorated for the portion of the tax year remaining.

For example, if you complete a $50,000 home addition in September and your property is reassessed from $250,000 to $300,000, you would owe supplemental taxes on the $50,000 increase for the remaining months of the tax year (October through June). The calculation would be: $50,000 × 0.005550 × (9 months ÷ 12 months) = $208.13 in supplemental taxes due.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value: $300,000
  • Less: Homestead Credit (if applicable): $0 (example assumes no credits applied)
  • Net Taxable Value: $300,000
  • Annual Tax: $300,000 × 0.005550 = $1,665
  • Monthly Escrow: $138.75

Example 2: $600,000 Home with Veterans Credit

  • Market Value: $600,000
  • Assessed Value: $600,000
  • Less: Disabled Veterans Credit: $45,000 (if qualified and applied for)
  • Net Taxable Value: $555,000
  • Annual Tax: $555,000 × 0.005550 = $3,080.25
  • Monthly Escrow: $256.69

Example 3: $1,000,000 Home with Elderly/Disabled Credit

  • Market Value: $1,000,000
  • Assessed Value: $1,000,000
  • Less: Elderly/Disabled Homestead Credit: $25,000 (if qualified and applied for)
  • Net Taxable Value: $975,000
  • Annual Tax: $975,000 × 0.005550 = $5,411.25
  • Monthly Escrow: $450.94

Important: All tax credits require annual application and are not automatically applied. Contact the Pasquotank County Tax Department for application forms and deadlines.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Pasquotank County require property tax escrow accounts for borrowers with less than 20% down payment. Your lender collects monthly escrow payments along with your mortgage payment and pays your property taxes directly to the county when due on January 31st. The monthly escrow amount is calculated by dividing your annual tax bill by 12, plus a small cushion for potential increases.

Lenders typically conduct annual escrow analyses to adjust your monthly payment based on actual tax bills and account for assessment changes. If your property taxes increase due to revaluation or rate changes, your monthly escrow payment will adjust accordingly. Property owners can verify escrow payments and account balances through their mortgage servicer and should review their annual escrow statements for accuracy. If you pay taxes directly (without escrow), remember that payment is due by January 31st to avoid penalties.

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 Pasquotank County? A: Property taxes are due annually by January 31st for the current fiscal year. For FY 2025-2026, taxes are due by January 31, 2026.

Q: What tax credits are available and how do I apply? A: Available tax credits include Homestead Credits for elderly/disabled property owners, Disabled Veterans Credits, and certain agricultural credits. All credits require annual application through the Pasquotank County Tax Department. Applications are typically due by June 1st for the following tax year.

Q: How does the Homestead Credit work? A: The Homestead Credit limits annual assessment increases rather than reducing market value. Qualified elderly or disabled homeowners can cap assessment growth, but must file an annual application. This credit does not automatically reduce your property's assessed value.

Q: How often are properties reassessed in Pasquotank County? A: Pasquotank County conducts county-wide revaluations periodically to update property values to current market levels. The most recent revaluation information can be obtained from the County Tax Department.

Q: What are the penalties for late payment? A: Late payments incur interest charges starting February 1st. The interest rate is set annually by state law and compounds monthly until the tax bill is paid in full.

Q: Can I pay my property taxes online? A: Yes, Pasquotank County offers online payment options through their official website. Contact the Tax Department for specific payment portal information and accepted payment methods.

Q: How do I appeal my property assessment? A: Property owners can appeal assessments by filing a formal appeal with the County Board of Equalization and Review during the designated appeal period, typically in the spring following revaluation.

Q: Do I pay additional taxes if I live in Elizabeth City or other municipalities? A: Yes, property owners within incorporated municipalities pay both county taxes and municipal taxes. The municipal rate is added to the county rate for your total property tax bill.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
County
Next County 2024-25 2023-24 2022-23 2021-22 2020-21ncdor.gov
02
County
2025-2026 County Tax Rates Final.xlsxncdor.gov
03
County
Next County 2025-26 2024-25 2023-24 2022-23 2021-22 ...ncdor.gov
04
Tax Doc
Delinquent Tax Deny Permits/Sencleg.gov
05
S.L. 2010-30ncga.state.nc.us
06
Personal Property Appraisal and Assessmentncdor.gov
07
Tax Doc
Veterans Property Tax Relief | DMVAmilvets.nc.gov
08
Exemptions, Exclusions, & Applicationsncdor.gov
09
memorandumelizabethcitync.gov
10
Tax Doc
OCCUPANCY TAX OVERVIEWwebservices.ncleg.gov
All sources verified as of 2025 Tax Year

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