Barco, Currituck County, North Carolina Property Taxes

Name: Property Tax Bills Across Barco, Currituck County, North Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Barco, NC effective property tax rate: 0.69%, significantly lower than the national median of 1.02%, but lower than the NC state median of 0.82%.
Median Barco, NC home value: $144,200
Median annual Barco, NC tax bill: $1,004, $1,396 lower than the national median property tax bill of $2,400.

How are property taxes in Currituck calculated?

Property taxes in Barco, NC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Barco’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Barco, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Barco, Currituck County, North Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.76%

Estimate Property Tax Bill

$1,247

$1,157

Ownwell’s Barco Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Barco with just two data points.

By entering your property's estimated assessed value, our calculator applies Barco’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Currituck County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Barco, Currituck County, North Carolina

Local government entities set property tax rates, which can vary significantly within a state. Each county, including Currituck, estimates its required budget to provide essential services annually. This budget is divided by the total value of all taxable property within the jurisdiction, resulting in the property tax rate. Votes and laws play a role in setting these rates and budgets, but this is the core of the annual process.

In Barco, located in Currituck County, the effective property tax rate aligns with the county's median rate of 0.69%. This rate is below the national median property tax rate of 1.02%, offering a relatively lower tax burden for property owners in the area. Compared to other cities within North Carolina, Barco's rate provides a favorable environment for homeowners, contributing to its appeal as a residential location. Understanding how these rates are determined and their impact on your property tax bill can empower you to make informed decisions about property ownership and potential appeals or exemptions.

Property Tax Rates Across Barco, Currituck County, North Carolina

Source: Ownwell

0.70%

0.76%

0.81%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Barco Tax Rate

0.76%

Median Effective Currituck County Tax Rate

0.74%

Median Effective North Carolina Tax Rate

0.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Barco, Currituck County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
27917	0.62%	0.72%	0.76%	0.83%	0.88%

Source: Ownwell

Property Tax Assessment Values Across Barco, Currituck County, North Carolina

When examining property taxes in Barco, NC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Currituck County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Currituck County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Barco. For example, the median home price in Barco is $144,200, with tax bills ranging significantly across the county. 27917 has the highest median home price at $144,200.

Property Tax Assessment Values Across Barco, Currituck County, North Carolina

Source: Ownwell

$152,800

$327,800

$502,800

Median Barco Market Value

$164,050

Median Currituck County Market Value

$313,200

Median North Carolina Market Value

$221,500

Median United States Market Value

$235,294

Property Tax Assessment Values Across Barco, Currituck County, North Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
27917	$78,750	$117,550	$164,050	$236,300	$295,600

Source: Ownwell

Property Tax Bills Across Barco, Currituck County, North Carolina

In Barco, located in Currituck County, NC, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value, which can differ from the market value. In Barco, the median home price is $144,200, with property tax bills ranging widely. For instance, the 25th percentile tax bill is $731, while the 75th percentile reaches $1,499, and the 90th percentile can be as high as $1,761. The median property tax bill in this area is $1,004, which is lower than the national median of $2,400. This discrepancy highlights the potential for homeowners to appeal their tax assessments and reduce their bills. Ownwell assists homeowners in navigating this process by offering expert property tax appeal services. By analyzing property data and identifying discrepancies in assessments, Ownwell helps homeowners potentially lower their tax obligations, ensuring they pay only their fair share. This service can lead to significant savings for homeowners in Barco.

Property Tax Bills Across Barco, Currituck County, North Carolina

Source: Ownwell

$1,171

$2,836

$4,500

Median Barco Tax Bill

$1,258

Median Currituck County Tax Bill

$2,279

Median North Carolina Tax Bill

$1,813

Median United States Tax Bill

$2,400

Property Tax Bills Across Barco, Currituck County, North Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
27917	$641	$956	$1,258	$1,730	$2,134

Source: Ownwell