NEWS: Brunswick County budget maintains revenue neutral tax rate
BOLIVIA, N.C. — The fiscal year 2015-16 budget, unanimously approved by the Brunswick County Commissioners on Monday, June 15, maintains a revenue neutral tax rate. Every four years, Brunswick County conducts a property revaluation, adjusting property values to reflect current market conditions. In these years, the county calculates a revenue neutral tax rate. The revenue neutral rate is a rate adjustment, which does not generate any additional tax revenue. Instead, it is calculated to generate the same amount of revenue as the previous tax rate and property values would generate. Click here for more…
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