Land Transfer Tax

Links: Land Transfer Inquiry | Form

The Dare County Land Transfer Tax Rate of 1% is defined as:

An excise tax on instruments conveying certain interests in real property. The tax imposed is $1 per each $100 or fraction thereof of the total consideration or value of the interest conveyed.

Authorization

House Bill 716, 1985 Session, General Assembly of North Carolina
Effective September 1, 1985

Use of Tax

County: Must be used only for capital expenditures or debt service incurred for capital expenditures for courts, jails and detention facilities, emergency medical services, libraries, recreation, education, administration, water, sewage, health and social services.
Municipalities: Must be used for capital expenditures or debt service incurred for capital expenditures.

Distribution of Tax

First twelve (12) years of tax, 100% of net proceeds to Dare County
Thereafter (beginning 7/1/97)
65% to Dare County
35% to named towns (Duck, Kill Devil Hills, Kitty Hawk, Manteo, Nags Head & Southern Shores) in proportion to the amount of ad valorem taxes levied by each town for the preceding fiscal year.

A person can dispute the amount of tax due stated by the tax collector to the Land Transfer Tax Appeals Board. A hearing is held by filing a written notice of appeal with the tax collector within 30 days after paying the tax. Board meets when needed.

Dare County Justice Center
962 Marshall C Collins Drive
Manteo NC 27954

Phone: (252)475-5956
Fax: (252)475-5949