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The original item was published from 3/30/2015 3:50:25 PM to 10/11/2018 5:05:01 PM.

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Legislative District 12

Posted on: March 30, 2015

[ARCHIVED] Legislator James Kennedy is Working to Protect Nassau Taxpayers from $100 Million in New Liability Annually

NC TAX BILL

Despite being just one of the entities that collects property taxes, Nassau County is responsible to pay out 100% of tax refunds. Left unchecked, this system has led to $2 billion in debt to Nassau County. I am pleased to announce two reforms that will eliminate debt.

1) Commercial Reform: The County has created a reserve account collected from commercial tax revenue to pay refunds without accruing debt.

2) Residential Reform: The County now resolves resident grievances before tax bill goes out eliminating overpayment and refund debt. Residents pay the correct taxes and don’t have to wait for a refund.

These reforms will save taxpayers $100 million in new liability each year.

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