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Non-stop growth, high housing demand, and short supply has led to an unprecedented increase in property values.
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The proposed budget would raise the property tax rate by three cents, to 75.22 cents for every 100 dollars of valuation.
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Republican state lawmakers say they want to consider tax cuts this year, thanks to better-than-expected state revenue projections.
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Orange and Osceola counties could take on a massive debt held by Disney now that Gov. Ron DeSantis has signed a bill revoking Disney World's special regulatory status.
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Tax season is starting late because North Carolina’s budget was nearly five months late and included tax changes that impact this year’s filings. The N.C. Department of Revenue is encouraging taxpayers to file electronically, noting that they can expect to begin receiving refunds in April.
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Justices held oral arguments Monday examining a lawsuit that alleges the legislature was barred from placing constitutional amendments on the ballot because lawmakers who agreed to do so were elected with the help of distorted district boundaries.
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North Carolina's resurgent post-pandemic economy could put an additional $6.5 billion over the next two years into state government coffers already swollen with cash, state economists said Tuesday.
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Property owners in the Outer Banks town of Avon could see their taxes go up to help pay for the cost of fighting beach erosion.
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North Carolina state government coffers are more flush than in recent memory as 2020 begins as tax collections again are beating projections and hundreds…
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Selective taxes on items like cigarettes and alcohol are often imposed by the U.S. government to help consumers make better choices. But according to…