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Beaufort County projects just under $77 million in revenue after 2024 revaluation; revenue-neutral rate calculated at 44.51¢
Summary
County staff presented the revenue side of the fiscal 2025–26 budget, reporting a county valuation of about $9.47 billion after a countywide revaluation and showing a revenue-neutral tax rate of 44.51 cents, down from the current 62.5-cent rate used to produce prior-year collections.
Beaufort County staff told the Board of Commissioners at a budget workshop that total general-fund revenues for fiscal 2025–26 are expected to come in just under $77 million, with staff citing a figure presented in the packet of about $76.09 million.
The presentation centered on property revaluation results and their effect on the county’s tax rate. Anita, the staff presenter on revenues, said the county’s post-revaluation total taxable value is $9,467,367,002. She said staff used a 100% collection assumption for motor vehicles (collected through the state…
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