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Table 5
<br />Cabarrus County, North Carolina
<br />Assessed Value and Actual Value of Taxable Property
<br />Last Ten Years
<br />(1) Increase due to revaluation. Cabarrus County typically reassessed property every four years.
<br />(2) Public service companies valuations are provided to the County by the North Carolina Department of Revenue.
<br />These amounts included both real and personal property.
<br />(3) Per $100 of value.
<br />134 Attachment number 1
<br />1 -3 Page 264
<br />Public
<br />Total
<br />Total
<br />Fiscal
<br />Real
<br />Personal
<br />Service
<br />Assessed
<br />Direct Tax
<br />Year
<br />Property
<br />Property
<br />Companies (2)
<br />Value
<br />Rate 3
<br />2002
<br />$ 7,913,235,212 $
<br />2,898,237,139
<br />$ 243,404,104 $
<br />11,054,876,455
<br />$ 0.56
<br />2003
<br />8,290,673,831
<br />2,960,367,957
<br />237,380,457
<br />11,488,422,245
<br />0.56
<br />2004
<br />8,660,862,061
<br />2,813,292,526
<br />215,793,981
<br />11,689,948,568
<br />0.56
<br />2005(1)
<br />10,969,232,437
<br />2,788,181,358
<br />237,231,648
<br />13,994,645,443
<br />0.53
<br />2006
<br />11,554,183,728
<br />2,946,103,615
<br />237,558,497
<br />14,737,845,840
<br />0.63
<br />2007
<br />12,162,097,563
<br />2,912,297,937
<br />260,410,470
<br />15,334,805,970
<br />0.6289
<br />2008
<br />12,931,725,951
<br />3,074,778,582
<br />261,754,744
<br />16,268,259,277
<br />0.63
<br />2009(1)
<br />17,454,001,994
<br />3,137,459,615
<br />280,507,618
<br />20,871,969,227
<br />0.63
<br />2010
<br />18,048,592,567
<br />3,003,442,173
<br />277,653,397
<br />21,329,688,137
<br />0.63
<br />2011
<br />18,223,093,062
<br />2,751,158,382
<br />271,487,306
<br />21,245,738,750
<br />0.63
<br />(1) Increase due to revaluation. Cabarrus County typically reassessed property every four years.
<br />(2) Public service companies valuations are provided to the County by the North Carolina Department of Revenue.
<br />These amounts included both real and personal property.
<br />(3) Per $100 of value.
<br />134 Attachment number 1
<br />1 -3 Page 264
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