Rate Breakdown

Property taxes in Craven County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Craven County

Property taxes in Craven County are based on the ad valorem system, meaning taxes are levied according to the assessed value of the property. The assessment process begins with the County Tax Assessor determining the fair market value of your real estate and personal property. This value is then multiplied by the local tax rate, often referred to as the millage rate.

One mill represents $1 of tax for every $1,000 of assessed property value. Your total tax bill is a combination of the county tax rate and any additional municipal or special district rates (such as city taxes for New Bern or Morehead City) that apply to your specific location.

Available Exemptions

North Carolina offers several tax relief programs to reduce the taxable value of a primary residence. To qualify, the property must be the owner's primary domicile.

• Homestead Exemptions: While North Carolina does not have a standard flat-rate homestead exemption, specific programs may exist for low-income residents.
• Senior Citizen Exemptions: Qualifying seniors may be eligible for reduced tax burdens or specific relief programs based on age and income thresholds.
• Disability Exemptions: Totally and permanently disabled individuals may apply for a reduction in their property tax liability.
• Veteran Exemptions: 100% disabled veterans may be eligible for a full exemption from property taxes on their primary residence, provided they meet the criteria established by the state and county.

Payment Schedule & Deadlines

Property tax bills are typically mailed out in the late summer or early fall. In Craven County, the deadline for payment is generally September 1st, though you should always verify the exact date on your current tax bill.

Payment options include paying the full balance in a single lump sum or utilizing installment plans if offered by the tax collector. It is critical to adhere to these deadlines; late payments will result in the accrual of interest and penalties. Failure to pay taxes over an extended period may eventually lead to a tax lien or foreclosure on the property.

Appealing Your Assessment

If you believe your property has been overvalued, you have the right to appeal the assessment. The appeals process typically begins with filing a formal request for a hearing with the Board of Equalization or the Board of Commissioners within a specific window following the mailing of the assessment notice.

To build a strong case, property owners should gather evidence, such as recent appraisals or a list of comparable properties in the neighborhood that have sold for less than the assessed value. If a resolution is not reached at the local board level, the owner may further appeal the decision to the North Carolina State Board of Equalization and Review.