Popular Annual Financial Report • FISCAL YEAR ENDED JUNE 30 , 2021
Supporting the supporters
Funding of $ 1.1 million can do wonders for the organizations that exist to help others . This year , Cabarrus County earmarked that amount through Nonprofit Resiliency Grants . The grants were designed to aid local nonprofits who suffered economic hardship , instability and safety concerns amid the COVID-19 pandemic .
Funding helped services that :
• Maintain and expand educational opportunities
• Address health and wellness challenges
• Provide food assistance
• Support housing needs and provide assistance with other household expenses
“ We are able to directly impact our citizens with education , mental health , housing and food assistance — critical areas of need at this time ,” said Cabarrus County Commissioner Diane Honeycutt .
99 %
Cabarrus County ’ s FY21 Tax Collection Rate
$ 0.74
FY21 Property Tax Rates per $ 100 of valuation
Property Taxes
Cabarrus County receives funding through ad valorem – or property – taxes . Commissioners set the ad valorem tax rate when they adopt the annual budget ordinance . Owners of residential , commercial and industrial properties pay this tax . Entities that receive tax exemptions must pay tax when the property falls outside the scope of the exclusion .
Simplifying the payment process
For the first time , residents are able to download myCabCo , an official Cabarrus County app that provides instant access to a multitude of government services through its modern , secure solution utilizing a single login , various payment methods , receipts and official documents .
FY21 tax collection rate was 99 %.
19 Cabarrus County , North Carolina