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Southampton County board holds public hearing on proposed FY2025 real property tax rate
Summary
The Southampton County Board of Supervisors held a May 29 public hearing on a proposed FY2025 real property tax rate of $0.71 per $100 of assessed value. Staff said a $175,045 local-match adjustment was needed to preserve roughly $330,000 in state education funds; the board continued final adoption to June 4 at 6 p.m.
The Southampton County Board of Supervisors on May 29 held a public hearing on the proposed FY2025 budget and a real property tax rate set at $0.71 per $100 of assessed value.
Lynette, a county staff member, told the board the rate sheet in front of supervisors showed the real estate tax rate at $0.71 per $100 and that personal property tax had been returned to $5 per $100. "The main thing is so we put the additional $175,045 into the school budget, and we took out some money from the stabilization fund," Lynette said, adding that the change was needed after staff found an omitted local-match calculation. She said…
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