Articles in regional publications that pertain to a wide range of North Carolina-related topics.
Property Tax Relief Through a Circuit-Breaker System
Record #:
18331
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Abstract:
A property tax circuit breaker prevents the local property tax from overloading a family's income, in that if a low-income family's property tax exceeds a specified percentage of its income, the state reimburses the family for taxes paid above this percentage. Linder discusses changes that would be made if this system would take hold in North Carolina.
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