To calculate the tax bill for your home, let’s assume you have a house with a taxable value of $100,000 located in the City of Durham. The City/County combined current tax rate for 2024 - 2025 in the corporate limits of Durham City is $1.3949 per hundred dollars of assessed value.
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PUV tax deferment may be referred to as PUV, Land Use, Farm Use, or simply a “tax break”. Present Use Value is a voluntary program that requires compliance with certain rules by the owner in exchange for preferential tax treatment