property tax

This fact sheet on land transfer taxes from Chatham County is timely, informative, thought provoking and accurate.

So far, the General Assembly has only granted seven counties in the northeastern part of the state (Camden, Chowan, Currituck, Dare, Pasquotank, Perquimans and Washington) [the authority] to levy a land transfer tax. Only Washington County has opted not to levy the tax.

The counties without the land transfer tax must rely on property taxes, state-authorized sales taxes and other limited fees, which rarely keep pace with demands for schools, water-sewer and other important needs.

I've been puzzling over this issue and talking to people about it for a few months now. Besides getting Johnston County off of Aero-Contractors' payroll, I think this is the most pressing moral issue facing our homey little triangle satellite county. I speak about transfer taxes here in relation to Johnston, but this is truly a statewide issue as other BlueNC diarists have noted.

Why? Because ...