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The property tax most citizens are aware of is known as an ad valorem tax. This tax is used to fund general or day-to-day government operations. An ad valorem tax is commonly levied on both real and personal property. A property tax is based upon a property's market value.
Generally, zoning is a constitutional exercise of a state's police power [4] to protect public health, safety, and welfare. Therefore, spot zoning (or any zoning enactment) would be unconstitutional to the extent that it contradicts or fails to advance a legitimate public purpose, such as promotion of community welfare or protection of other properties.
In the early 1900s, there were 328 plantations identified in North Carolina from extant records. [ 10 ] [ 8 ] [ 9 ] The Sloop Point plantation in Pender County, built in 1729, is the oldest surviving plantation house and the second oldest house surviving in North Carolina, after the Lane House (built in 1718–1719 and not part of a plantation).
The NAR released The Top 10 Housing Hot Spots for 2025 on Thursday and map markers skew mostly toward Appalachia, with cities in the Carolinas, Tennessee and Indiana topping the list.
In July 2024, "The Whale", a 6,700-square-foot oceanfront home on Figure Eight Island, sold for $13.9 million, becoming the highest home sale price in North Carolina. [40] The previous record was the August 2023 sale of a $13 million oceanfront home on Figure Eight Island.
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The administration of real estate tax is handled by the municipality in whose territory the real estate lies. In cities with multiple city districts, the tax administration of real estate tax is handled by the department of local taxes and fees and not by the city districts. For example, Bratislava or Košice. [55]
Real estate transfer taxes have become controversial in some U.S. jurisdictions seeking to increase transfer taxes on higher end property sales to help combat issues like homelessness. 2022's Chicago's Bring Chicago Home initiative, seeks to increase transfer taxes on $1 million transactions by 253% or t o 2.65% or $26,500 per million dollar of ...