New Hanover County property taxes could drop
NEW HANOVER COUNTY, NC (Star News) — Property taxes would decrease, school funding would increase and the county would make a new investment in combating the opioid crisis in a 2018-19 New Hanover County budget proposed by staff.
“Because we can,” county manager Chris Coudriet said of recommending a decrease from 57 cents to 55.5 cents per $100 of assessed property value, or 2.7 percent. For the owner of a $200,000 home, property taxes would decrease from $1,140 to $1,110. General fund spending, meanwhile, is projected to increase 1.7 percent, from $326.7 million this fiscal year to $332.5 million in 2018-19.
The new fiscal year starts July 1 and runs through June 30, 2019.
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