-FAQs - Topsail Island Area Tax Values
One of the greatest draws to the Topsail Island area for future owners is the comparably low property taxes we enjoy.
Our property taxes are set up like most areas in the country with both counties and cities/towns charging property taxes if you are within their boundaries (many areas only pay county taxes!).
Just to get you familair with our structure in case yours is slightly different:
Tax Value: Tax value or tax valuation is the value or dollar amount the county places on real estate property. A county spends many hours developing "formulas" to indicated a value that can be placed on the many different types of property in the area. The most commonly used formula is a dollar amount per sq. ft of land and/or home. Tax values in our area are usually lower than the market value although in some instances the tax value can be higher, consult your broker for the correlation between the two different values. Tax Values must by NC State Law be re-valued every 8 years although they can be re-valued every 4 years.
Tax Rate: Once the value is established, the county or city sets their "tax rate". Locally, our tax rate is expressed in "per 100 of value". For example, your property is value at $100,000. Just for the sake of numbers, the tax rate is .50 or .50 per 100.
100,000 divided by 100 = 10,000 times the tax rate of .50 = $500 a year taxes.
Our 2007 tax rates are as follows:
| Onslow County | .503 per 100 |
| Pender County | .65 per 100 |
| Holly Ridge | .38 per 100 |
| Surf City | .31 per 100 |
| Topsail Beach | .31 per 100 |
| N. Topsail Beach | .16 per 100 |
You may also explore the tax values yourself by visiting:
*Information current as of 2007 Tax Rate and Property Tax Information