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Beaufort County staff outline revenue-neutral tax math as commissioner accuses them of raising taxes
Summary
County manager and finance staff walked the board through the state-required revenue-neutral calculation and the Local Government Commission template; Commissioner Richardson said the result effectively increased the levy and demanded refunds, prompting a heated board exchange and calls for audits or referrals.
County Manager Brian presented the statutory basis and spreadsheet steps used to compute Beaufort Countys revenue-neutral tax rate at the boards May meeting, reading from General Statute 159-11 and the Local Government Commission template used by counties during reappraisal years.
Brian said the revenue-neutral property tax rate is "the rate that is estimated to produce revenue for the next fiscal year equal to the revenue that would have been produced for the next fiscal year by the current tax rate if no appraisal had occurred," and walked commissioners through audited valuation figures and a growth-factor adjustment (the countys six-year average growth of 2.33%). He said the…
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