The levy imposed on real estate within a specific North Carolina county funds essential local services such as education, public safety, infrastructure maintenance, and county administration. This charge is typically calculated based on the assessed value of the property and expressed as a percentage or dollar amount per $100 of valuation. For example, a rate of 0.75% would mean an annual tax of $750 for a property assessed at $100,000.
Stable and predictable revenue streams generated through these levies are crucial for local governments to maintain service levels and plan for future needs. Historical data on these rates can provide insights into local government fiscal policies and economic trends. Understanding how these rates are determined, collected, and utilized provides residents with valuable context for participating in local governance and making informed decisions regarding property ownership.
