All of the oceanfront municipalities experienced significant property value increases in the mid-2000s, followed by significant value decreases in the past few years. The impact on all of the communities was similar, and each of the communities conducted a tax revaluation at different times in the 2000s. To account for differences in the revaluation year, the NC Local Government Commission (in the State Treasurer's Office) calculates the adjusted taxable value based on market conditions in that particular county each year. The data below is from Fiscal Year 2009 to 2010, the most recent year of data available. As noted, Emerald Isle has the largest adjusted taxable value of all 21 oceanfront municipalities.
Total Taxable Value - Adjusted for Market Conditions: North Carolina Oceanfront Towns Fiscal Year 2009 to 2010