Is the goal of the revaluation to increase collectible taxes for the county and townships?
Revaluations are said to be “revenue neutral”. The correction of an inequitable distribution of the tax burden does not mean more taxes are going to be collected, it simply means that there will be a shift as to who is paying how much tax. The process focuses on the distribution of the burden, not the amount being collected. Factually, some people will pay more taxes while others may pay less but, there will not be a total tax increase unless the budgets submitted are larger than they were previously. The revaluation is an adjustment to assessments, not the total amount to be raised by taxation.
Related Questions
- Wake County School leaders promised there would be no increase in taxes when they asked the community to support the November 2000 school construction referendum. So why are they asking for one now?
- My propertys market value has gone up considerably from what it was. Does this mean my taxes will also increase?
- Does Greene County sell properties which have delinquent taxes due?
