The Board of County Commissioners in Guilford County has not yet decided on its budget and property tax rate.
Given the fact that many of its residents are now facing a huge increase in Greensboro city taxes, there are rumblings they might take this into consideration when deciding on their own tax increase.
Rhino Times:
Alston told the Rhino Times that he’s currently looking at something in the range of a 4-cent to 6-cent tax increase.
Still, he added, he needs to study the numbers more.
The underlying idea here is that many commissioners consider a 10-cent hike – on the heels of the city’s 12.6 cent hike – to be politically unpalatable. And, to be honest, a 6-cent hike is not going to be greeted with a great deal of affection. A 4-to-6-cent increase would be historically very large. A 6-cent increase would be larger than any other nominal increase this century. In 2022, the board gave citizens roughly the equivalent of a 14 cent tax increase, but that one was hidden behind a revaluation and all the board had to do to collect that whopping increase was leave the tax rates the same after housing values skyrocketed. The tax rate remained the same but property tax bills went up 25 percent, 30 percent or even more in some case.
They are going to slap us with a tax increase. It is only a question of how much.
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