Understanding Carteret County’s 2025 Property Reappraisal: What You Need to Know

Carteret County homeowners, take note! The county’s Tax Administration office has completed its state-mandated property reappraisal, and new property value notices are now arriving in mailboxes. As your trusted real estate advisors, the Holland Shepard Group is here to help you understand what this means for you and how it could impact your property taxes and future real estate decisions.

What is the Property Reappraisal Process?

Every eight years, North Carolina law requires counties to reassess property values to ensure they align with the current real estate market. The new assessed values, effective January 1, 2025, reflect market conditions and will determine property tax calculations for the coming years.

The last reappraisal in Carteret County took place in 2020, and given the significant growth in the local market, many properties have seen substantial increases in value. The county estimates an overall tax base increase of 80-90%. However, it’s important to understand that an increase in property value does not necessarily mean an equivalent increase in property taxes.

How This Affects Your Property Taxes

Your new property value is just one factor in determining your property tax bill. The final tax rates for Carteret County and its municipalities will be set in June 2025 by the Board of Commissioners and local elected officials. Tax bills will then be mailed in August 2025.

If you’re concerned about what this means for your budget, we recommend:

• Reviewing Your New Assessed Value – Make sure it accurately reflects your property’s condition and features.

• Considering an Appeal – If you believe your assessed value is inaccurate, appeals must be submitted within 30 days of receiving your notice, with a final deadline of Friday, May 2, 2025, at 5 p.m.

• Exploring Tax Relief Options – Programs such as the Elderly or Disabled Exclusion, Disabled Veteran Exclusion, and Circuit Breaker Tax Deferment Program may offer relief to eligible homeowners. Applications for these programs are due by June 1, 2025.

Navigating the Market with the Holland Shepard Group

Whether you’re a homeowner concerned about your new valuation, a buyer looking for opportunities in the market, or a seller wondering how your property’s value fits into today’s landscape, the Holland Shepard Group is here to guide you.

Our team stays up to date on Carteret County’s real estate trends and policies to help our clients make informed decisions. If you have questions about your property’s new valuation, need help navigating the appeals process, or want to explore your options in the market, we’re happy to assist!

Next Steps

1. Check Your Property’s New Assessed Value – Visit www.CarteretCountyNC.gov and go to the ‘Tax Help’ link for more details.

2. Contact the Tax Administration Office – For appeals and tax relief programs, call (252) 728-8485.

3. Talk to a Local Real Estate Expert – Reach out to the Holland Shepard Group for guidance on what your new valuation means for your property’s market potential.

We’re always here to be your trusted real estate advisors. Let’s navigate this reappraisal process together and ensure you make the best decisions for your home and financial future.