Currituck County has prepared the Operating Budget for the fiscal year 2021-2022 and is providing this webpage to show how certain items may affect residents and property owners. The factors of property tax rate, water and sewer utility rates, and solid waste fees may impact monthly and annual bills for citizens.
To illustrate these changes, Currituck County GIS staff created a helpful Online Data Map. An individual can enter their address and see how much they would pay at the proposed property tax rate, along with other estimated rate or fee increases. Using data provided by the Currituck County Tax Office, this map shows:
- 2020 property value
- 2021 property value
- 2021 property tax amount at a revenue neutral rate of $0.4143
- 2021 property tax amount at the proposed rate of $0.46
- Additional impacts, if applicable to the property:
- Water and sewer utility rates
- Solid waste fees
- A new Moyock Township Watershed Improvement Service District Tax
When using the Online Data Map, click on the search icon in the upper right corner and then enter your address in the text box that opens. Or you can zoom in on the map and click on your property. Using either method, a text box will open with data for your property.
** For each of these budget factors, an explanation for the changes is included below.
Property Tax Rate:
Currituck County completed a Tax Revaluation for 2021 that resulted in a new countywide tax base of $7.9 billion. This represents an overall increase of approximately 20% in total property value.
The current property tax rate in Currituck County is $0.48. Because of the revaluation, the Board of Commissioners may decide to adjust this rate. Currituck County has traditionally adhered to a “revenue neutral” approach regarding the property tax rate. This means the county collects approximately the same amount of total property taxes as it collected the year before. As a result of the revaluation, the new revenue neutral tax rate would equal $0.4143.
However, Currituck County will implement a property tax rate of $0.46, which is one of the 9 lowest rates of all 100 counties in North Carolina. The additional funding generated by this tax rate will pay for staffing and capital needs of the Currituck County School System. Our schools are facing significant pressures due to unfunded state mandates and the consistent residential growth throughout the community. The Board of Commissioners and Board of Education have worked together to develop a plan for managing this growth. Investing in the future of our children’s education requires additional funding.
A property tax rate of $0.46 would generate $3,650,000 more than the revenue neutral rate. From this amount, $3,642,427 would be used for the following needs of the school system:
- $1,292,427 for 12 additional teachers to meet new unfunded state mandates relative to class size; 10 teacher assistants; and 2.5 curriculum coaches.
- $1,600,000 put into savings for construction of new elementary school that is planned to open in August 2025.
- $750,000 put into savings to fund annual operating costs of the new elementary school.
The remaining $7,573 would be placed in the county’s General Fund.
FYI – Additional facets of the growth plan for Currituck Schools include purchasing six mobile classroom units and expanding Moyock Elementary School and Moyock Middle School. These projects are funded by savings the county accumulated in recent years and are not factored into the proposed property tax rate.
Water and Sewer Utility Fees:
Currituck County had a comprehensive water and sewer rate study performed by Raftelis Financial Consultants, which was presented in March 2021. Four funds were analyzed: Mainland Water, Mainland Sewer, Ocean Sands Water and Sewer, and Southern Outer Banks Water System. This study helped the county develop a 10-year plan to ensure financial stability of each system.
Due to increasing operating expenses, maintenance costs, capital improvement needs, and system expansion, the rates will see an annual increase of 3.5% for the next 10 years for the Mainland Water, Ocean Sands Water and Sewer, and Southern Outer Banks Water System. For the Mainland Sewer system, there will be a 6% annual rate increase for the next 10 years.
The impacts to a customer’s utility bill for the upcoming fiscal year of July 1, 2021 to June 30, 2022 are below (based on an average customer usage of 5,000 gallons per month):
- Mainland Water: + $1.17 per month
- Ocean Sands Water and Sewer: + $2.73 per month
- Southern Outer Banks Water System: + $1.40 per month
- Mainland Sewer: + $4.83 per month
Solid Waste Fees:
Raftelis Financial Consultants also completed a review of Currituck County’s solid waste funds for the mainland/Knotts Island and Corolla. This information was used to develop a 10-year plan to ensure financial stability.
Currituck County faces significant increases in operating expenses for the collection and disposal of solid wastes. This is not under the county’s control, as contractors which provide services have consistently raised prices. This is a national trend. To maintain current services, including the curbside collection of trash and recycling in Corolla, there will be a one-time annual rate increase of 40% for the upcoming fiscal year followed by an annual increase of 3.5% for the next 10 years.
The impact to customers for the upcoming fiscal year:
- Mainland: + $81
- Corolla: + $151
Moyock Township Watershed Improvement Service District:
The intent of the service district is to provide a comprehensive approach to storm water management in Moyock. This service district will collect a tax of $0.015 from property owners within the district to fund improvements and maintenance of nearly 90 miles of ditches. This will allow for systemwide improvements and help alleviate drainage problems in underserved areas.
Detailed information has been mailed to residents and property owners within the proposed district. The plan also includes the dissolution of three current, smaller districts: Guinea Mill, Northwest, and Moyock Watershed Improvement. A map of the new district can be found here.