The levy imposed on actual property inside a particular North Carolina county funds important native companies comparable to training, public security, infrastructure upkeep, and county administration. This cost is usually calculated primarily based on the assessed worth of the property and expressed as a share or greenback quantity per $100 of valuation. For instance, a price of 0.75% would imply an annual tax of $750 for a property assessed at $100,000.
Steady and predictable income streams generated by means of these levies are essential for native governments to keep up service ranges and plan for future wants. Historic information on these charges can present insights into native authorities fiscal insurance policies and financial developments. Understanding how these charges are decided, collected, and utilized gives residents with beneficial context for taking part in native governance and making knowledgeable choices concerning property possession.
