tyrrell

RALEIGH — Tyrrell County commissioners could avoid a proposed land-transfer tax increase for nine years by diverting more than $6.4 million in savings and existing revenue streams to high-priority county…

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.

The Tyrrell County commissioners are asking county residents to triple the land-transfer tax rate on May 6 (from 0.2 to 0.6 percent). This report identifies nearly $2.3 million in revenue and savings the county could use to meet its needs — more than four times the amount that the proposed tax increase would produce.

Click here to view and here to listen to Michael Sanera discussing this Regional Brief. RALEIGH – Tyrrell County commissioners could avoid a proposed land-transfer tax increase for…