Charlotte in middle on tax rates, part II

ryanteaguebeckwith — Wed, 15 Oct 2008 13:57:33 -0400

Charlotte is in the middle of adjusted tax rates among major North Carolina cities.

Because counties adjust property values in different years, the property tax rates for cities and towns are not directly comparable on their own.

But the N.C. Department of Revenue calculates an adjusted (or effective) rate based on how long ago the counties reassessed local properties.

According to a list of adjusted tax rates, Greensboro, Durham and Winston-Salem have higher rates than Charlotte, while Asheville, Raleigh and Wilmington were lower.

Below, the 2006-2007 rates per $100 of valuation, adjusted to account for years since most recent revaluation.

Greensboro: .5911
Durham: .5411
Winston-Salem: .4699
Charlotte: .4300
Asheville: .4192
Raleigh: .3674
Wilmington: .3097

As noted previously, Charlotte and Mecklenburg County are more closely integrated than other North Carolina cities and counties.

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Charlotte in middle on tax rates, part II