The Greensboro City Council may have a hidden agenda in the 30 percent property tax increase in City Manager Tai Jaiyeoba’s proposed budget.
Greensboro has long had the highest property tax rate of any comparable municipality in North Carolina.
If the property tax rate is lowered to the revenue neutral rate of 54.56, that would put Greensboro at number three as far as property tax rates for the larger municipalities in the state.
Maintaining the property tax rate at 66.25 cents would allow Greensboro to remain number 1 in property tax rates among the state’s 10 largest cities.
Cities have not passed their 2022-2023 budgets so the comparison is for the current tax rates, but unlike Greensboro, it doesn’t appear any comparable city in the state is considering raising their property taxes by 30 percent.
North Carolina’s largest city, Charlotte, by comparison, currently has a property tax of 34.81 cents.
The state’s second largest city, Raleigh, has a property tax rate of 35.52 cents.
Durham – which is the state’s fourth largest city and if current trends continue will pass Greensboro in population and be North Carolina’s third largest city well before the 2030 Census – has a property tax rate of 53.17 cents.
Winston-Salem, the fifth largest city, has a property tax rate of 63.74.
Fayetteville, the state’s sixth largest city, has a property tax rate of 49.95.
Cary, which is currently the state’s seventh largest city and growing rapidly, has a property tax rate of 35.00.
Wilmington the eighth largest city in the state has a property tax rate of 49.84.
High Point, Greensboro’s neighbor in Guilford County, is the ninth largest city in the state and has a tax rate of 64.75 cents.
And Concord, the 10th largest city in the state, has a property tax rate of 48.00 cents.
If the Greensboro City Council were to lower the property tax rate to the revenue neutral rate of 54.56, the rate would still be higher than Charlotte, Raleigh and Durham but would be lower than Greensboro’s closest neighbors – Winston-Salem and High Point.
On the downside, Greensboro would have to give up its number one ranking.
Amazing stats. Don’t believe anyone on this council wants to understand much less give a damn. They have to many free loading liberal programs they want to feel good about even though these programs contribute zero to the progress of the city. Use your vote wisely unless you like the continuation of being financially raped.
Yeah, we’re number 1, we’re number 1. Let’s keep it that way so we will have something to brag about.
Haven’t you heard? Money grows on trees! So thinks our leadership on City Council. Shameless City Manager. He probably lives in the County and wouldn’t pay city taxes anyway.
Google him, you will find amazing things about our new city manager not least among them is that he is not even a US Citizen. How he lived outside Mecklenburg county when he worked for Charlotte because they had lower taxes. How he almost got fired from his last job for trying to pass extreme new regs but Greensboro snapped him up before that could happen. Prove me wrong.
Why are the taxes so much higher in Greensboro (and in the Triad in general)?
For years Greensboro depended on a growing tax base to reach its revenue goals, and its tax rate would increase slowly until the next county re-evaluation when revenue neutrality returned. Budgeting was a stable, predictable process then.
My home’s value increased by 52%, thanks to “market value” economics. I need a property tax CUT of 35% to keep my tax bill the same. Why can’t the powers that be enact that? We are all struggling with this “economic transition” aka Bidenomics.
I see these people don’t give a damn about the people. Suck them dry of their money is their Motto.
I think most people understand that in the current economy, a revenue-neutral tax rate is just not going to happen. But to not adjust tax rates at all after such a large jump in valuations? Nothing but a money grab. This is what happens when you elect socialists and communists to your local government.
Or as we refer to them, lack of common sense, no business knowledge OF ANY KIND and a liberal Democrat.
Greensboro Infrastructure is garbage. Yet 1st now 3rd in tax rate? Where is the money going!
Look at the City Council’s elected members. Most of them have been in office since dirt. Some are re-cycled. The city of Greensboro has become an ultraliberal city with incompetent leadership located at the end of a dirt road. That is where all ultraliberal cities will finally end up. Nancy Vaughn needs to go. She is not the mayor Greensboro needs. I believe she thinks she is a shoo-in. Her base are Black pastors of large churches whose members are predominately Black, those who are in Greensboro to do business, and the ultraliberal wannabees who virtue signal by voting for a candidate that will not serve the best interests of citizens. While each vote counts, if a voter is not versed in the issues, please do not vote.
This article is called journalism 101. We get the facts, make our own decision.
All the more reason to leave the County.
The Dems have the majority vote here, what do you expect? Just call us “Big Sedalia”, or “Little Portland”.