FY 2026-2027 budget and possible property tax cut
Summary
The county cut its property tax rate from 62 to 60 cents per $100 of valuation in the new $92.5 million budget. The cut reverses a temporary two-cent add-on after the NC Supreme Court backed the county's use of occupancy tax for beach law enforcement — but a state Senate bill could strip that funding again.
At a glance
- Total mentions
- 4
- Last 30 days
- 0
Last discussed Jul 17, 2026.
Impact analysis
Homeowners see a two-cent rate cut; a state bill could force the tax back on the books if the county loses occupancy-tax authority.
All county property taxpayers, especially on the mainland where the add-on hit hardest.
None currently, though taxpayers could face the tax's return if the legislature acts.
Mentions & discussions (4)
Whalehead Subdivision Improvement Advisory Board
The board reviewed the approved budget for the Whalehead subdivision's water and sewer system for FY2027. It shapes what maintenance and upgrades the neighborhood can fund next year.
Board of Commissioners
The county cut its property tax rate from 62 to 60 cents per $100 of valuation in the new $92.5 million budget. The cut reverses a temporary two-cent add-on after the NC Supreme Court backed the county's use of occupancy tax for beach law enforcement — but a state Senate bill could strip that funding again.
Board of Commissioners
Budget adoption is still pending. After the state Supreme Court ruled the county properly spent occupancy tax money, the Board signaled it may reduce the property tax rate, and a quarter-cent sales tax referendum is headed to the November ballot.
Board of Commissioners
The proposed $92.1 million budget keeps the tax rate at 62 cents while boosting school funding 12.73% to open Tulls Creek Elementary. A quarter-cent sales tax referendum lands on the November ballot, worth about $2.3 million a year if approved.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
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