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A listing broker in Asheville 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
A) Property tax rates in North Carolina are commonly expressed per $100 of assessed value.
Property tax rates in North Carolina are commonly expressed per $100 of assessed value.
Answer Options
A
Property tax rates in North Carolina are commonly expressed per $100 of assessed value.B
County property tax rates use the same $500 unit as conveyance tax.C
Property tax rates are expressed only as percentages with no per-$100 convention.D
North Carolina property tax rates are always quoted per $1,000 of value.Why This Is the Correct Answer
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Why the Other Options Are Wrong
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Related Topics & Key Terms
Key Terms:
assessed_valuecore_rules_and_definitionsdifficulty_3nc_property_tax_conveyance_taxnc_statenorth_carolinaproperty_tax_listing_january_1_and_bill_calculationrate_per_100tax_bill
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