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Worksheet | Revenue Neutral Property Tax Rate Calculation

Worksheet | Revenue Neutral Property Tax Rate Calculation

The Neutral Property Tax Rate Increase worksheet is designed to show the tax rate that would produce the same tax levy as the prior year, adjusted for annual growth in the tax base. This calculation should only be done in the year of revaluation, per G.S. 159-11(e). Examples included for 4, 6, and 8 year revaluation cycles.