Microsoft Deal Termination Could Boost Property Taxes for Catawba County

Catawba County and its municipalities could see an increase in annual property taxes from Microsoft if the economic development agreement signed in 2022 is terminated. The agreement allows for a certain amount of property tax revenue to be reduced, resulting in millions less for local governments.

According to the terms of the agreement, terminating it would allow Catawba County and its municipalities to receive more property taxes from Microsoft. This could potentially lead to an increase in annual revenue of millions of dollars.

No specific figures or dates have been mentioned regarding when this change may take effect. It is unclear how local governments plan to use the increased revenue.