Research Report
Does Tyrrell need a land-transfer tax increase?
posted October 9, 2008 by Dr. Terry Stoops, Joseph Coletti, Dr. Michael Sanera
For the second time, the Tyrrell County commissioners are asking county residents to approve a tripling of the land-transfer tax (from 0.2 to 0.6 percent), this time on November 4. This report identifies over $6.4 million in revenue and savings the county could use to meet its needs — almost nine times the amount that the proposed land-transfer tax increase is estimated to produce.