The levy imposed on actual property inside a particular North Carolina county funds important native companies similar to schooling, public security, infrastructure upkeep, and county administration. This cost is usually calculated based mostly on the assessed worth of the property and expressed as a proportion or greenback quantity per $100 of valuation. For instance, a fee of 0.75% would imply an annual tax of $750 for a property assessed at $100,000.
Steady and predictable income streams generated via these levies are essential for native governments to take care of service ranges and plan for future wants. Historic information on these charges can present insights into native authorities fiscal insurance policies and financial traits. Understanding how these charges are decided, collected, and utilized supplies residents with worthwhile context for collaborating in native governance and making knowledgeable choices relating to property possession.