§ 153A-317. Taxes authorized; rate limitation. - North Carolina Statutes

§ 153A‑317.  Taxesauthorized; rate limitation.

(a)        A county, uponrecommendation of the advisory committee established pursuant to G.S. 153A‑313,may levy property taxes within a research and production service district inaddition to those levied throughout the county, in order to finance, provide,or maintain for the district services provided therein in addition to or to agreater extent than those financed, provided, or maintained for the entirecounty. In addition, a county may allocate to a service district any otherrevenues whose use is not otherwise restricted by law. The proceeds of taxesonly within a service district may be expended only for services provided forthe district.

Property subject to taxationin a newly established district or in an area annexed to an existing districtis that subject to taxation by the county as of the preceding January 1.

(b)        Such additionalproperty taxes may not be levied within any district established pursuant tothis Article in excess of a rate of ten cents (10¢) on each one hundred dollars($100.00) value of property subject to taxation or, in the event that theresearch and production service district satisfies the criteria of G.S. 143B‑437.08(h),such additional property taxes may not be levied within said district in excessof a rate of fifteen cents (15¢) on each one hundred dollars ($100.00) value ofproperty subject to taxation.

(c)        For the purpose ofconstructing, maintaining, or operating public transportation as defined byG.S. 153A‑149(c)(27), in addition to the additional property taxes leviedunder subsections (a) and (b) of this section, a county, upon recommendation ofthe advisory committee established pursuant to G.S. 153A‑313, may levyadditional property taxes within any service district established pursuant tothis Article not in excess of a rate of ten cents (10¢) on each one hundreddollars ($100.00) value of property subject to taxation. Such property taxesfor public transportation may only be used within the service district, or toprovide for public transportation from the service district to other publictransportation systems or to other places outside the service districtincluding airports.  (1985, c. 435, s. 1; 2009‑523, s. 3(c); 2009‑527, s. 6.)