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Holden Beach property tax value likely to increase

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By Sarah Sue Ingram, Beacon Correspondent

To achieve a revenue-neutral budget, Holden Beach officials are looking at a 12.7 or 13 percent tax rate per $100 of property value for the coming budget year.

The current tax rate is 6.9 percent.

“The revenue-neutral is less than double the current rate,” Mayor Alan Holden said at a budget workshop in town hall Tuesday afternoon. “We’re by no means through studying this thing.”

Because of the recession, Holden Beach property values fell 45-47 percent during the 2011 revaluation performed by Brunswick County officials.


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The Brunswick Beacon | circulation@brunswickbeacon.com | 910-754-6890
P.O. Box 2558, Shallotte, NC 28459
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