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Tax administrator reports strong collections; county flagged for 2028 revaluation after sales ratio falls to 81%
Summary
Craven County’s tax administrator reported a $59.75 million net levy for 2024 and a collection rate of 99.25% at the July 21 board meeting; the county was notified its sales ratio has fallen to 81%, triggering planned work for a 2028 revaluation.
Craven County Tax Administrator Leslie Young reported to commissioners on July 21 that the county’s net tax levy for tax year 2024 was $59,752,810.82 and that collections totaled $59,269,444.01 through the settlement period.
Young said the county’s collection rate as of June 30 for tax year 2024 was 99.19%, and she updated the board that the rate stood at 99.25% at the time of the meeting. She highlighted that total releases, refunds and write-offs for the…
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