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Tax administrator reports strong collections, board approves 2024 settlement and tax-collection charge; revaluation update notes sales-ratio mandate
Summary
Tax Administrator Leslie Young reported a 99.25% collection rate for tax year 2024 and presented the statutory settlement; the board approved the settlement and charged the tax collector to collect the 2024 levy. Young also briefed commissioners on vehicle and boat registrations and flagged a sales-ratio below the North Carolina Department of Reven
Leslie Young, Craven County tax administrator, presented the statutory settlement for tax year 2024 and briefed commissioners on collection performance and valuation trends on July 21.
Young told the board the net levy for 2024 was $59,752,810.82, approximately $1.1 million higher than the previous year, and that the county collected $59,269,444.01. She reported a collection rate of 99.19% as of June 30 and said the collection rate that morning was 99.25%. Young credited staff, including tax collection manager Cindy Glover and appraisers, for maintaining a high collection rate and for lower releases, refunds and write-offs (reported as $156,045.17).
The board moved, seconded and approved the settlement of the 2024 tax levy and later approved a motion charging the tax collector with collection responsibilities for the 2024 levy. Commissioners also approved mailing of 2025 tax notices, which Young said were scheduled to be mailed July 31.
Young gave further detail on personal property counts and market activity: the county recorded 105,584 registered motor vehicles for the fiscal year and 7,297 boats, each increases from the prior year. She told the board that for calendar year 2024 the county had 57 residential sales above $700,000 and that in the first six months of 2025 there were 34 such sales, a pace that would exceed 2024 if continued.
On revaluation, Young said the county’s sales ratio has fallen below the Department of Revenue threshold. She cited a countywide sales ratio of 81% (the DOR threshold is 85%), meaning that on average appraised values are about 81% of recent sale prices; she noted this factor ties into the county’s scheduled 2028 revaluation and the state mandate to remain within acceptable ratio ranges.
Commissioners asked a few clarifying questions and approved the motions on settlement and related charges by voice/roll call.
