Statistically, other towns in our region have much higher taxes. If they can operate on 5 cents per $100, how can Sneads Ferry?
A- Sneads Ferry is in a very unique situation. Our nearby towns consist of mostly residential properties and rely primarily on property taxes to provide their budget with funds. Sneads Ferry has the 2nd highest number of businesses in Onslow County. For example, Holly Ridge’s portion from revenue sharing last year was roughly $140,000. If Sneads Ferry had been incorporated, our village’s share would have been over $750,000. This is mostly due to the substantial amount of sales tax paid to the state by Sneads Ferry businesses.
Related Questions
- Statistically, other towns in our region have much higher taxes. If they can operate on 5 cents per $100, how can Sneads Ferry?
- Holly Ridge and North Topsail Beach have much higher taxes. If they can operate on 5 cents per $100, how can Sneads Ferry?
- Why are towns listed alphabetically in each region?
