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Articles in regional publications that pertain to a wide range of North Carolina-related topics.

Accuracy and Uniformity of Property Assessments in North Carolina

Record #:
18243
Author(s):
Abstract:
According to North Carolina law, tax assessors must try to appraise each property according to its \"true value in money\"--that is, the price at which the property would sell on the real market. Each property must be assess at this market value, which means property tax rates must fall on the full appraised market value. Before January 1, 1974, property was assessed at a percentage of appraised market value, according to the officially adopted assessment ration of the county in which the property was located.
Source:
Popular Government (NoCar JK 4101 P6), Vol. 40 Issue 3, Winter 1975, p29-35
Subject(s):