Farm group supports sales tax referendum
by Staff Report
Yadkin County Farm Bureau, the county’s largest general farming advocacy organization, supports the Sales Tax Referendum adopted by the Yadkin County Board of Commissioners.
“We would like to encourage the citizens of Yadkin County to consider voting for the .0025 percent sales tax increase,” said Justin Somers, president of Yadkin County Farm Bureau. “It is our belief that this sales tax increase would help stabilize property taxes, and even help in lowering the property tax rate over time.”
North Carolina Farm Bureau Federation policy reads “we recommend that the county property tax be reduced and supplemented with a county sales tax.”
Yadkin County Farm Bureau has taken additional steps to strengthen the policy on a local level.
During the 2013 Yadkin County Farm Bureau policy development meeting, all members present stated that Yadkin County Farm Bureau should publicly support the sales tax increase. The board of directors also decided to support the sales tax referendum publicly.
The organization feels strongly that the tax burden should not fall solely on landowners in Yadkin County.
“All residents and visitors to a county utilize, at some point, the services that a county provides. A sales tax is the sole way that a county has means to collect revenue from all residents and visitors who utilize those county services,” continued Somers.
The current sales tax rate for Yadkin County is 6.75 percent, the new proposed sales tax rate would be an even 7 percent.
All counties that border Yadkin charge 7 percent sales tax.
For an even $100 total purchase, a .0025 percent sales tax increase would increase the total price by $0.25, taking the total sales tax from $106.75 to $107. This would bring additional $400,000 annual revenue to the county.
Registered voters will get the opportunity to cast a ballot on Nov. 5.
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