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A New Tax Benefit for New Homes

September 17, 2009

North Carolina auto dealers don’t pay property taxes on the thousands of new and used cars sitting in their lots awaiting buyers.  Walmart doesn’t pay property taxes on the massive amount of stuff for sale at its nearly 100 big-box stores sprinkled across … Continued

Local Tax Collectors Sing the Bankruptcy Blues

August 20, 2009

Consumer bankruptcy filings rose nearly 37% nationwide in the first half of 2009 as compared with the same time period one year ago.  Second quarter bankruptcy statistics for North Carolina are not yet available, but first quarter 2009 filings across the … Continued

The Revaluation Revolts of 2009

August 6, 2009

Property tax revaluations conducted in the midst of the national economic crisis ignited an explosion of taxpayer outrage across the state in early 2009.  Assuming the local housing market woes continue, counties implementing revaluations in the next few years would … Continued