A. While New Hanover County’s tax rate is the highest for the three-county Cape Fear region, it’s not the highest in the state by a long shot.

After the New Hanover County Board of Commissioners approved the 2014-15 budget last month, taxpayers escaped a tax increase. That means the tax rate stayed at 55.4 cents per $100 in assessed value.

By comparison, New Hanover residents pay slightly less than residents in Wake County, who are subjected to a 57.8-cent rate. Residents in Cumberland County, which has a county seat in Fayetteville, pay 74 cents per $100 in assessed value.

And one of the biggest ways to see the gap in taxes between New Hanover and other counties in the state is to evaluate Mecklenburg County’s rate.

Residents there pay 81.57 cents per $100 in assessed value.

Pender County ranked no. 2 for the Cape Fear Region. County officials approved a budget that included at tax rate of 51.2 cents per $100 assessed value.

Pender’s overall budget reflected a spending increase of about $2.4 million, but that increase was not passed on to taxpayers. The county’s tax rate has remained stable for several years.

And, finally, Brunswick County clocks in third for the local region.

Brunswick’s tax rate for the 2014-15 budget year was approved last month at 44.25 cents per $100 in assessed value.

County commissioners approved that budget June 16.

Related links:

http://www.myreporter.com/2014/02/what-is-the-largest-contributor-of-real-property-taxes-in-new-hanover-county/

http://www.myreporter.com/2012/10/what-percentage-of-city-and-county-taxes-come-from-homeowners-and-from-business/

Date posted: August 14, 2014

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