The city staff went over what keeping the tax rate flat will mean to the average homeowner in Greensboro at the Thursday, May 26 City Council work session, and it isn’t pretty.
In 2021, the owner of a $100,000 home paid $663 in city property taxes based on the rate of 66.25 cents.
If City Manager Tai Jaiyeoba’s budget is approved by the City Council and the tax rate remains 66.25 cents, the homeowner of that same house will pay $861 in city property taxes in 2022 – an increase of 30 percent, or $198.
The owner of $200,000 house in 2021 paid $1,325 in property taxes in 2021 and in 2022, under the proposed budget, the homeowner of the same house would pay $1,723 in city property taxes – a $398 increase.
The owner of a $250,000 house in 2021 paid $1,656 in city property taxes and in 2022 would pay $2,153 in city property taxes – a $497 increase.
The owner of a $300,000 home paid $1,988 in city property taxes in 2021 and in 2022 would pay $2,584 in city property taxes – an increase of $596.
Those figures are from the city staff report presented at the Thursday, May 26 City Council work session and are based on the average increase in property in Guilford County of 30 percent. Some properties increased in value much more than 30 percent in the revaluation and some less than 30 percent.
The figures are only for city property taxes. The Guilford County Board of Commissioners has indicated that it also intends to keep the property tax rate at the same level, which means an increase in county property taxes for the average homeowner of 30 percent. Guilford County property taxes are 73.05 cents, so the Guilford County tax hike would be higher than the city tax hike, but if you live in Greensboro you have to pay both.
In addition, the budget proposed by Jaiyeoba includes a 40 percent rate hike for garbage and recycling pick up, from $2.50 a month to $3.50 a month, and a household hazardous waste fee increase of 45 percent, from 60 cents a month to 97 cents a month.
It also includes a brand new fee of $25 if the city rolls your garbage and/or recycling can back from the street.
And a water and sewer rate increase of 4.5 percent.
Fire inspection fees for businesses and multifamily residential developments are also being increased as well as development fees.
Planning Director Sue Schwartz also proposed a new fee of $155 for appealing a decision of the Planning and Zoning Commission to the City Council. Under the current system there is no fee for appealing a decision of the Planning and Zoning Commission to the City Council. This fee increase was not included in the staff presentation but was proposed by Schwartz at the work session.
The bottom-line is that if Jaiyeoba’s budget passes, it is going to be a lot more expensive to live in Greensboro.
Yep…bend over. Excess taxes and nothing to show for it.
No hidden fees here. They must have learned this technique from Spectrum/AT&T, or Wells Fargo. Everyone is doing it. Had a major appliance serviced lately?
How many of the higher paid employees do not live in Greensboro and are not facing the huge increases?
With everything else increasing a tax increase is bad timing, especially for people who are already living ion a tight budget. This should be reconsidered!
It will eventually force seniors out of their home because they cannot pay the taxes. Maybe , this is what they want to have happen!
That is our destiny. We went through six houses in our lifetime, finally paying the last one off while in our 60s. Saved a few dollars. Our govt is destroying everything we worked for over a working lifetime. When one of us checks out, the survivor will have to sell our house fairly soon after. Then it’s renting till that money is gone. Pretty soon, it will be everyone’s destiny. Live and work for Big Brother.
Gold circulated in our country from 1776 to 1933. Pres. Roosevelt confiscated the citizens’ gold to pay for the depression welfare programs. Silver circulated in our country from 1776 to 1964. Pres. Johnson removed silver from circulation to pay for guns and butter. Now, Pres. Biden prints paper to give away freebies. Why do you many important things have gone up 30-40%, and more? The CPI is cover for the govt.
As a relative told me years ago: “why knock yourself out, the govt is gonna get it all anyway”. I thot he was lazy, mebbe so, but he has proved to be right.
Not quite California taxes but the same mindset to keep asking the taxpayers to pay more no matter how it is going to impact people financially,
Talk about government out of touch with the people they serve!
govt no longer serves, it preys.