Is Greensboro "among" highest taxed in NC?
It's often mentioned, usually in letters to the editor, that Greensboro's property tax rate is "among the highest in the state."
Is this the case?
The answer is that it depends on your definition of "among." The city's rate of $.5675 per $100 assessed value plus the county's $.6184 means that a property owner shells out 1.1859 percent of the value of their home every year in taxes.
As far as large cities go, Greensboro is just about in the middle of the pack. The city-imposed tax is higher than average, but the lower than average county tax evens it out. Here's the total tax rate (city plus county) for large N.C. cities:
According to the N.C. Department of Revenue, the highest rate (2.000) is paid by residents of Maxton that live in Scotland County. The lowest rate is paid by residents in unincorporated Watauga County (.35).
If you're interested, the effective property tax rate in Bridgeport, Conn. is 4.55 percent.
Update: The conservative John Locke Foundation has a report ranking local tax burdens.
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How often a county revalues property, and how recently it revalued, also can affect relative rankings. N.C. requires revaluations no less often than every eight years, but some urban counties do it more often.
Posted on January 18, 2005 3:01 PM