Transfer Of TitleTaxesMEDIUM
A compliance reviewer in Apex is updating the policy manual on property tax listing, January 1 rules, and tax-bill calculations. Which statement best applies under current North Carolina law?
Correct Answer
D) North Carolina property tax is locally assessed and collected by counties, even though the Department of Revenue provides statewide oversight.
North Carolina property tax is locally assessed and collected by counties, even though the Department of Revenue provides statewide oversight.
Answer Options
A
The state Department of Revenue sends every local property tax bill directly to owners.B
NCREC assesses annual property tax for brokers under current North Carolina rulesC
Property tax is billed through the register of deeds when the deed records.D
North Carolina property tax is locally assessed and collected by counties, even though the Department of Revenue provides statewide oversight.Why This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
assessed_valuecore_rules_and_definitionscountydifficulty_3nc_property_tax_conveyance_taxnc_statenorth_carolinaproperty_taxproperty_tax_listing_january_1_and_bill_calculation
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