April 11, 2024
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This article originally stated incorrectly the public hearing would be on May 7. The actual public hearing is set for May 28. We apologize for the error.
The Northampton County Administration is recommending the Board of Supervisors lower the real estate tax rate 7.5 cents down to 68.5 cents for every $100 according to a report at Tuesday night’s Board meeting from Finance Director John Chandler.
According to the latest reassessments, the overall fair marketing value of Northampton County real estate increased approximately 22%.
Chandler distributed a spread sheet showing various scenarios for tax payers based on value of real estate under the former rate and the new rate.
“It’s hard to get an idea for the average house, because there are so many variables,” said Chandler.
Before the County can adopt a new tax rate, a public hearing for the equalization rate must be held. It is scheduled for the Board’s Work Session on May 28th at 5:00 PM.
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