The House Finance Committee voted unanimously Tuesday to approve state funding to help offset local property tax abatements for disabled veterans, and widows and orphans of first responders. State Rep. Nelson Dollar, R-Wake, said House Bill 2 would raise from $45,000 to $100,000 the cap on local property tax exclusions for 100 percent disabled veterans....
Katherine Restrepo on law that allows state to say yes or no to medical facilities; update on paying down $2.8 billion debt to feds; lawmakers on options for new HHS home; Mark Steckbeck on morality of capitalism; Sarah Curry on two gov't revenue streams
Policymakers ought to restructure North Carolina’s property tax – broaden its base, lower its rate, and reform the way real estate is assessed.
RALEIGH — Members of the General Assembly are working to keep taxes stable for in-state residents along the N.C. coast despite recent 80-percent-to-200-percent increases in property revaluations, an economist says.
An accurate accounting of sales ratios and timely collections of property taxes are vital to maintaining localities' revenues.
